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2022
Exports $3.96MWorld Rnk 64 / 152
Flag Rnk 435 / 1127
2022
Destination $296k Vietnam
2021 - 2022
FASTEST GROWING MARKET $296kThailand
2022
PRODUCT COMPLEXITY IN Fermented Milk Products-0.22Rnk 622 / 1025
2022
Imports $233MWorld Rnk 6 / 219
Flag Rnk 142 / 1201
2022
Origin $10.9M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $10.9MBelgium
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.96M in Fermented Milk Products, making it the 64th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 435th most exported product in Philippines. The main destination of Fermented Milk Products exports from Philippines are: Vietnam ($2.52M), United Arab Emirates ($618k), Kuwait ($378k), Thailand ($319k), and Brunei ($45.2k).

The fastest growing export markets for Fermented Milk Products of Philippines between 2021 and 2022 were Thailand ($296k), Kuwait ($289k), and Brunei ($45.2k).

Imports In 2022, Philippines imported $233M in Fermented Milk Products, becoming the 6th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 142nd most imported product in Philippines. Philippines imports Fermented Milk Products primarily from: Thailand ($51.1M), New Zealand ($45M), United States ($28.9M), Germany ($19.6M), and Belgium ($16.9M).

The fastest growing import markets in Fermented Milk Products for Philippines between 2021 and 2022 were Belgium ($10.9M), Ireland ($9.77M), and Thailand ($6.73M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Fermented Milk Products exports accounted up to $32.7k and imports accounted up to $14.3M, resulting in a negative trade balance of $14.3M. Between September 2023 and September 2024 the exports of Philippines'   Fermented Milk Products have decreased by $-37.1k (-53.1%) from $69.8k to $32.7k, while imports increased by $1.7M (13.5%) from $12.6M to $14.3M.

Destinations In September 2024, Fermented Milk Products were exported mostly to United Arab Emirates ($27.7k), Kuwait ($3.51k), and Oman ($1.49k), and were imported mostly from United States ($2.68M), Germany ($2.05M), New Zealand ($1.89M), United Kingdom ($1.2M), and Spain ($1.07M).

Growth In September 2024, the decrease in Fermented Milk Products's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-10.8k or -23.4%), Kuwait ($-1.01k or -19.4%), and Qatar ($-40 or -5.67%). In September 2024, the increase in Fermented Milk Products's year-by-year imports was explained primarily by an increase in imports from United States ($1.81M or 114%), Belgium ($1.03M or 160%), and Poland ($694k or 122%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-37.1k(-53.1%)
IMPORT GROWTH (September 2023 - September 2024)$1.7M(13.5%)
MAIN DESTINATION (September 2024)United Arab Emirates$27.7k

This section shows Fermented Milk Products'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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.96M
IMPORTS (2022)$233M
NET TRADE (2022)-$229M

In 2022, Philippines exported $3.96M in Fermented Milk Products. The main destinations of Philippines exports on Fermented Milk Products were Vietnam ($2.52M), United Arab Emirates ($618k), Kuwait ($378k), Thailand ($319k), and Brunei ($45.2k).

In 2022, Philippines imported $233M in Fermented Milk Products, mainly from Thailand ($51.1M), New Zealand ($45M), United States ($28.9M), Germany ($19.6M), and Belgium ($16.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$296k (1.33k%)
Kuwait$289k (324%)
Brunei$45.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Philippines WERE (2021 - 2022):
Vietnam-$3.25M (-56.4%)
Qatar-$227k (-90.4%)
Bahrain-$41.1k (-68.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Fermented Milk Products were:
Germany $1.01B
France $597M
Belgium $347M
In 2022, Philippines's main importing competitors in Fermented Milk Products were:
Italy $477M
United Kingdom $452M
Netherlands $348M

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALKuwait+ $112k
TOP IMPORT POTENTIALFrance+ $2.61M

Fermented Milk Products’s highest export potential is Kuwait. With an export gap of $112k.   Fermented Milk Products’s highest import potential is France with an import gap of $2.61M.

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