2022
Exports
$11.7MWorld Rnk 31 / 125
Flag Rnk 316 / 1127
2022
PRODUCT COMPLEXITY IN Cocoa Beans
-2.82Rnk 1025 / 1025
2022
Imports
$1.69MWorld Rnk 43 / 159
Flag Rnk 959 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $11.7M in Cocoa Beans, making it the 31st largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 316th most exported product in Philippines. The main destination of Cocoa Beans exports from Philippines are: Malaysia ($6.81M), Singapore ($3.88M), South Korea ($216k), Indonesia ($212k), and Vietnam ($197k).

The fastest growing export markets for Cocoa Beans of Philippines between 2021 and 2022 were Vietnam ($154k), South Korea ($60.6k), and Kuwait ($41.4k).

Imports In 2022, Philippines imported $1.69M in Cocoa Beans, becoming the 43rd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 959th most imported product in Philippines. Philippines imports Cocoa Beans primarily from: Indonesia ($1.21M), Ecuador ($335k), Madagascar ($103k), Papua New Guinea ($36.8k), and Netherlands ($4.16k).

The fastest growing import markets in Cocoa Beans for Philippines between 2021 and 2022 were Indonesia ($555k), Papua New Guinea ($5.65k), and Netherlands ($697).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$667k(354%)
IMPORT GROWTH (January 2023 - July 2024)$407k(282%)
MAIN DESTINATION (August 2024)Malaysia$817k

This section shows Cocoa Beans's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cocoa Beans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.7M
IMPORTS (2022)$1.69M
NET TRADE (2022)$10M

In 2022, Philippines exported $11.7M in Cocoa Beans. The main destinations of Philippines exports on Cocoa Beans were Malaysia ($6.81M), Singapore ($3.88M), South Korea ($216k), Indonesia ($212k), and Vietnam ($197k).

In 2022, Philippines imported $1.69M in Cocoa Beans, mainly from Indonesia ($1.21M), Ecuador ($335k), Madagascar ($103k), Papua New Guinea ($36.8k), and Netherlands ($4.16k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$154k (361%)
South Korea$60.6k (39.1%)
Kuwait$41.4k (1.73k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Philippines WERE (2021 - 2022):
Malaysia-$3.97M (-36.8%)
Singapore-$1.22M (-24%)
Indonesia-$493k (-70%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cocoa Beans were:
In 2022, Philippines's main importing competitors in Cocoa Beans were:

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $544k
TOP IMPORT POTENTIALMadagascar+ $77.1k

Cocoa Beans’s highest export potential is Malaysia. With an export gap of $544k.   Cocoa Beans’s highest import potential is Madagascar with an import gap of $77.1k.

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