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2022
Exports $29.7MWorld Rnk 74 / 199
Flag Rnk 67 / 96
2022
Destination $1.36M Malaysia
2021 - 2022
FASTEST GROWING MARKET $1.36MNetherlands
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations0.14Rnk 508 / 1025
2022
Imports $343MWorld Rnk 36 / 225
Flag Rnk 59 / 96
2022
Origin $28.5M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $28.5MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $29.7M in Cocoa & cocoa preparations, making it the 74th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 67th most exported product in Philippines. The main destination of Cocoa & cocoa preparations exports from Philippines are: Malaysia ($7.29M), Singapore ($4.01M), United States ($3.31M), China ($2.66M), and Netherlands ($2.2M).

The fastest growing export markets for Cocoa & cocoa preparations of Philippines between 2021 and 2022 were Netherlands ($1.36M), United States ($904k), and Mauritius ($317k).

Imports In 2022, Philippines imported $343M in Cocoa & cocoa preparations, becoming the 36th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 59th most imported product in Philippines. Philippines imports Cocoa & cocoa preparations primarily from: Malaysia ($77.6M), Indonesia ($75.6M), United States ($46.8M), China ($33.4M), and Singapore ($25.7M).

The fastest growing import markets in Cocoa & cocoa preparations for Philippines between 2021 and 2022 were Indonesia ($28.5M), Malaysia ($20.9M), and United States ($10.8M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Cocoa & cocoa preparations exports accounted up to $3.2M and imports accounted up to $12.6M, resulting in a negative trade balance of $9.4M. Between June 2023 and June 2024 the exports of Philippines'   Cocoa & cocoa preparations have increased by $1.74M (118%) from $1.47M to $3.2M, while imports decreased by $-9.6M (-43.2%) from $22.2M to $12.6M.

Destinations In June 2024, Cocoa & cocoa preparations were exported mostly to Malaysia ($1.55M), China ($467k), Netherlands ($443k), Singapore ($182k), and Vietnam ($182k), and were imported mostly from Singapore ($2.56M), Germany ($1.95M), Switzerland ($1.79M), Australia ($1.52M), and Netherlands ($895k).

Growth In June 2024, the increase in Cocoa & cocoa preparations's year-by-year exports was explained primarily by an increase in exports to China ($427k or 584%), United Kingdom ($342k or 37.4k%), and Japan ($53.7k or 4.84k%). In June 2024, the decrease in Cocoa & cocoa preparations's year-by-year imports was explained primarily by a decrease in imports from Australia ($-1.09M or -48.6%), Malaysia ($-949k or -18.9%), and Indonesia ($-501k or -8.59%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.74M(118%)
IMPORT GROWTH (June 2023 - June 2024)$-9.6M(-43.2%)
MAIN DESTINATION (June 2024)Malaysia$1.55M

This section shows Cocoa & cocoa preparations'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 & cocoa preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.7M
IMPORTS (2022)$343M
NET TRADE (2022)-$313M

In 2022, Philippines exported $29.7M in Cocoa & cocoa preparations. The main destinations of Philippines exports on Cocoa & cocoa preparations were Malaysia ($7.29M), Singapore ($4.01M), United States ($3.31M), China ($2.66M), and Netherlands ($2.2M).

In 2022, Philippines imported $343M in Cocoa & cocoa preparations, mainly from Malaysia ($77.6M), Indonesia ($75.6M), United States ($46.8M), China ($33.4M), and Singapore ($25.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Netherlands$1.36M (163%)
United States$904k (37.5%)
Mauritius$317k (3.41k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Philippines WERE (2021 - 2022):
Malaysia-$4.17M (-36.4%)
Singapore-$1.24M (-23.7%)
Germany-$982k (-96.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cocoa & cocoa preparations were:
Germany $6.74B
Cote d'Ivoire $5.39B
Netherlands $5.36B
In 2022, Philippines's main importing competitors in Cocoa & cocoa preparations were:
United States $6.22B
Netherlands $4.41B
Germany $4.41B

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.64M
TOP IMPORT POTENTIALGermany+ $8.8M

Cocoa & cocoa preparations’s highest export potential is United States. With an export gap of $3.64M.   Cocoa & cocoa preparations’s highest import potential is Germany with an import gap of $8.8M.

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