Confectionery Sugar in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $53.9M in Confectionery Sugar, making it the 43rd largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 163rd most exported product in Philippines. The main destination of Confectionery Sugar exports from Philippines are: China ($11.5M), Vietnam ($11.4M), Malaysia ($5.57M), Thailand ($4.9M), and Japan ($3.07M).

The fastest growing export markets for Confectionery Sugar of Philippines between 2021 and 2022 were Malaysia ($2.38M), Vietnam ($2.1M), and Papua New Guinea ($1.03M).

Imports In 2022, Philippines imported $185M in Confectionery Sugar, becoming the 17th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 164th most imported product in Philippines. Philippines imports Confectionery Sugar primarily from: China ($123M), Indonesia ($18.1M), Vietnam ($16.7M), United States ($7.95M), and Thailand ($4.44M).

The fastest growing import markets in Confectionery Sugar for Philippines between 2021 and 2022 were Vietnam ($6.62M), United States ($5.09M), and Indonesia ($1.74M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Confectionery Sugar exports accounted up to $4.21M and imports accounted up to $6.45M, resulting in a negative trade balance of $2.23M. Between August 2020 and August 2021 the exports of Philippines' Confectionery Sugar have increased by $1.14M (37.3%) from $3.07M to $4.21M, while imports decreased by $-512k (-7.36%) from $6.96M to $6.45M.

Destinations In August 2021, Confectionery Sugar were exported mostly to China ($1.41M), Vietnam ($407k), Thailand ($371k), Japan ($269k), and South Korea ($268k), and were imported mostly from China ($3.45M), Vietnam ($1.03M), Indonesia ($816k), Malaysia ($368k), and Thailand ($227k).

Growth In August 2021, the increase in Confectionery Sugar's year-by-year exports was explained primarily by an increase in exports to Vietnam ($851k or 2.67k%), Malaysia ($255k or 239%), and Thailand ($246k or 181%). In August 2021, the decrease in Confectionery Sugar's year-by-year imports was explained primarily by a decrease in imports from China ($-335k or -7.11%), Malaysia ($-171k or -67%), and Singapore ($-63.9k or -77.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$1.14M(37.3%)

IMPORT GROWTH (August 2020 - August 2021)$-512k(-7.36%)

MAIN DESTINATION (August 2021)China$1.41M

This section shows Confectionery Sugar'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 Confectionery Sugar over time.

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