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2022
Exports $8.15MWorld Rnk 56 / 186
Flag Rnk 363 / 1127
2022
Destination $874k United States
2021 - 2022
FASTEST GROWING MARKET $874kUnited States
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts-0.5Rnk 703 / 1025
2022
Imports $539MWorld Rnk 3 / 221
Flag Rnk 70 / 1201
2022
Origin $5.35M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $5.35MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

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 2024

About

Overview In August 2024 Philippines' Coffee and Tea Extracts exports accounted up to $686k and imports accounted up to $47.8M, resulting in a negative trade balance of $47.1M. Between August 2023 and August 2024 the exports of Philippines'   Coffee and Tea Extracts have increased by $103k (17.7%) from $583k to $686k, while imports decreased by $-9.28M (-16.3%) from $57.1M to $47.8M.

Destinations In August 2024, Coffee and Tea Extracts were exported mostly to United States ($119k), Australia ($93.7k), Canada ($83.7k), Netherlands ($73.1k), and Chinese Taipei ($57.1k), and were imported mostly from Indonesia ($29.8M), Vietnam ($11.5M), Thailand ($2.1M), Malaysia ($1.5M), and China ($1.19M).

Growth In August 2024, the increase in Coffee and Tea Extracts's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($45.7k or 969%), Solomon Islands ($14k or 106%), and Qatar ($5.31k or 63.8%). In August 2024, the decrease in Coffee and Tea Extracts's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-7.47M or -17.4%), Vietnam ($-6.52M or -67.1%), and Chinese Taipei ($-114k or -57.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$103k(17.7%)
IMPORT GROWTH (August 2023 - August 2024)$-9.28M(-16.3%)
MAIN DESTINATION (August 2024)United States$119k

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.15M
IMPORTS (2022)$539M
NET TRADE (2022)-$531M

In 2022, Philippines exported $8.15M in Coffee and Tea Extracts. The main destinations of Philippines exports on Coffee and Tea Extracts were United States ($1.65M), Guam ($858k), Hong Kong ($815k), Canada ($754k), and Qatar ($414k).

In 2022, Philippines imported $539M in Coffee and Tea Extracts, mainly from Indonesia ($401M), Vietnam ($68.5M), Malaysia ($19M), Thailand ($13M), and China ($12.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$874k (113%)
Guam$324k (60.8%)
South Africa$200k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY Philippines WERE (2021 - 2022):
Hong Kong-$286k (-25.9%)
Nigeria-$179k (-45.3%)
Macau-$128k (-63.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Coffee and Tea Extracts were:
Germany $992M
Brazil $722M
Spain $609M
In 2022, Philippines's main importing competitors in Coffee and Tea Extracts were:
United States $945M
Germany $594M

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.21M
TOP IMPORT POTENTIALChina+ $6.59M

Coffee and Tea Extracts’s highest export potential is United States. With an export gap of $1.21M.   Coffee and Tea Extracts’s highest import potential is China with an import gap of $6.59M.

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