2023
Exports
$3.57kWorld Rnk 95 / 121
Flag Rnk 1033 / 1123
2023
PRODUCT COMPLEXITY IN Forage Crops
-0.83Rnk 791 / 1025
2023
Imports
$3.03MWorld Rnk 46 / 178
Flag Rnk 862 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $3.57k in Forage Crops, making it the 95th largest exporter of Forage Crops in the world. At the same year, Forage Crops was the 1033rd most exported product in Philippines. The main destination of Forage Crops exports from Philippines are: South Korea ($3.48k) and Netherlands ($91).

The fastest growing export markets for Forage Crops of Philippines between 2022 and 2023 were South Korea ($2.76k) and Netherlands ($91).

Imports In 2023, Philippines imported $3.03M in Forage Crops, becoming the 46th largest importer of Forage Crops in the world. At the same year, Forage Crops was the 862nd most imported product in Philippines. Philippines imports Forage Crops primarily from: Australia ($2.63M), Spain ($182k), United States ($99.4k), Italy ($60.5k), and Lithuania ($17.6k).

The fastest growing import markets in Forage Crops for Philippines between 2022 and 2023 were United States ($48.9k), Lithuania ($17.6k), and Mexico ($11.8k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Forage Crops. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.57k
IMPORTS (2023)$3.03M
NET TRADE (2023)-$3.02M

In 2023, Philippines exported $3.57k in Forage Crops. The main destinations of Philippines exports on Forage Crops were South Korea ($3.48k) and Netherlands ($91).

In 2023, Philippines imported $3.03M in Forage Crops, mainly from Australia ($2.63M), Spain ($182k), United States ($99.4k), Italy ($60.5k), and Lithuania ($17.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forage Crops EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
South Korea$2.76k (386%)
Netherlands$91 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forage Crops BY Philippines WERE (2022 - 2023):
Poland-$71 (-100%)
Brunei-$24 (-100%)
Hungary-$2 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Forage Crops were:
In 2023, Philippines's main importing competitors in Forage Crops were:

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Trade Value of Forage Crops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $1.8k
TOP IMPORT POTENTIALSpain+ $178k

Forage Crops’s highest export potential is South Korea. With an export gap of $1.8k.   Forage Crops’s highest import potential is Spain with an import gap of $178k.

See methodology.

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