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2022
Exports $20.6MWorld Rnk 57 / 166
Flag Rnk 252 / 1127
2022
Destination $4.25M Malaysia
2021 - 2022
FASTEST GROWING MARKET $4.25MBangladesh
2022
PRODUCT COMPLEXITY IN Concentrated Milk-0.77Rnk 774 / 1025
2022
Imports $743MWorld Rnk 8 / 224
Flag Rnk 43 / 1201
2022
Origin $102M United States
2021 - 2022
FASTEST GROWING ORIGIN $102MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $20.6M in Concentrated Milk, making it the 57th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 252nd most exported product in Philippines. The main destination of Concentrated Milk exports from Philippines are: Malaysia ($7.95M), Bangladesh ($4.25M), Vietnam ($1.45M), Fiji ($1.14M), and United Arab Emirates ($1.01M).

The fastest growing export markets for Concentrated Milk of Philippines between 2021 and 2022 were Bangladesh ($4.25M), Vietnam ($686k), and Canada ($659k).

Imports In 2022, Philippines imported $743M in Concentrated Milk, becoming the 8th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 43rd most imported product in Philippines. Philippines imports Concentrated Milk primarily from: United States ($413M), New Zealand ($114M), Belgium ($53.2M), Ireland ($36.8M), and Poland ($18.8M).

The fastest growing import markets in Concentrated Milk for Philippines between 2021 and 2022 were United States ($102M), New Zealand ($32.1M), and Japan ($12.3M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Concentrated Milk exports accounted up to $501k and imports accounted up to $78.5M, resulting in a negative trade balance of $78M. Between September 2023 and September 2024 the exports of Philippines'   Concentrated Milk have decreased by $-173k (-25.6%) from $673k to $501k, while imports increased by $27.5M (53.9%) from $51M to $78.5M.

Destinations In September 2024, Concentrated Milk were exported mostly to Venezuela ($120k), United Arab Emirates ($114k), Canada ($90.7k), United States ($32k), and New Zealand ($24.6k), and were imported mostly from United States ($39.3M), Indonesia ($8.45M), Belgium ($6.83M), New Zealand ($5.94M), and Poland ($2.97M).

Growth In September 2024, the decrease in Concentrated Milk's year-by-year exports was explained primarily by a decrease in exports to Japan ($-18.3k or -85.6%) and Qatar ($-1.49k or -65.1%). In September 2024, the increase in Concentrated Milk's year-by-year imports was explained primarily by an increase in imports from United States ($8.56M or 27.5%), Japan ($2.23M or 2.74k%), and Poland ($1.58M or 138%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-173k(-25.6%)
IMPORT GROWTH (September 2023 - September 2024)$27.5M(53.9%)
MAIN DESTINATION (September 2024)Venezuela$120k

This section shows Concentrated Milk'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 Concentrated Milk over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.6M
IMPORTS (2022)$743M
NET TRADE (2022)-$723M

In 2022, Philippines exported $20.6M in Concentrated Milk. The main destinations of Philippines exports on Concentrated Milk were Malaysia ($7.95M), Bangladesh ($4.25M), Vietnam ($1.45M), Fiji ($1.14M), and United Arab Emirates ($1.01M).

In 2022, Philippines imported $743M in Concentrated Milk, mainly from United States ($413M), New Zealand ($114M), Belgium ($53.2M), Ireland ($36.8M), and Poland ($18.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Bangladesh$4.25M (1%)
Vietnam$686k (89.7%)
Canada$659k (656%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Philippines WERE (2021 - 2022):
Malaysia-$1.49M (-15.8%)
United States-$1.2M (-68.9%)
Thailand-$1M (-69.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Concentrated Milk were:
New Zealand $6.99B
United States $3.25B
Netherlands $2.11B
In 2022, Philippines's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $328k
TOP IMPORT POTENTIALAustralia+ $9.34M

Concentrated Milk’s highest export potential is United Arab Emirates. With an export gap of $328k.   Concentrated Milk’s highest import potential is Australia with an import gap of $9.34M.

See methodology.

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