Coffee and Tea Extracts in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $8.15M in Coffee and Tea Extracts, making it the 56th largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 363rd most exported product in Philippines. The main destination of Coffee and Tea Extracts exports from Philippines are: United States ($1.65M), Guam ($858k), Hong Kong ($815k), Canada ($754k), and Qatar ($414k).

The fastest growing export markets for Coffee and Tea Extracts of Philippines between 2021 and 2022 were United States ($874k), Guam ($324k), and South Africa ($200k).

Imports In 2022, Philippines imported $539M in Coffee and Tea Extracts, becoming the 3rd largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 70th most imported product in Philippines. Philippines imports Coffee and Tea Extracts primarily from: Indonesia ($401M), Vietnam ($68.5M), Malaysia ($19M), Thailand ($13M), and China ($12.2M).

The fastest growing import markets in Coffee and Tea Extracts for Philippines between 2021 and 2022 were Thailand ($5.35M), Malaysia ($5.15M), and China ($4.58M).

Latest Trends

August 2021

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Overview In August 2021 Philippines' Coffee and Tea Extracts exports accounted up to $1.12M and imports accounted up to $38.7M, resulting in a negative trade balance of $37.6M. Between August 2020 and August 2021 the exports of Philippines' Coffee and Tea Extracts have increased by $684k (155%) from $440k to $1.12M, while imports decreased by $-5.48M (-12.4%) from $44.2M to $38.7M.

Destinations In August 2021, Coffee and Tea Extracts were exported mostly to Hong Kong ($694k), Canada ($119k), Guam ($67.3k), Netherlands ($33.9k), and Qatar ($33.3k), and were imported mostly from Indonesia ($29.7M), Vietnam ($5.81M), China ($584k), South Korea ($547k), and Malaysia ($542k).

Growth In August 2021, the increase in Coffee and Tea Extracts's year-by-year exports was explained primarily by an increase in exports to Canada ($25.4k or 130%), Nigeria ($25.1k or 315%), and Guam ($14.9k or 163%). In August 2021, the decrease in Coffee and Tea Extracts's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-517k or -60.2%), Malaysia ($-285k or -17%), and United States ($-36k or -64.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$684k(155%)

IMPORT GROWTH (August 2020 - August 2021)$-5.48M(-12.4%)

MAIN DESTINATION (August 2021)Hong Kong$694k

This section shows Coffee and Tea Extracts'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 Coffee and Tea Extracts over time.

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