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2022
Exports $8.71kWorld Rnk 124 / 149
Flag Rnk 1001 / 1127
2022
Destination $5.18k Kuwait
2021 - 2022
FASTEST GROWING MARKET $5.18kKuwait
2022
PRODUCT COMPLEXITY IN Ground Nuts-2.21Rnk 1007 / 1025
2022
Imports $82.4MWorld Rnk 12 / 201
Flag Rnk 304 / 1201
2022
Origin $4.66M India
2021 - 2022
FASTEST GROWING ORIGIN $4.66MArgentina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $8.71k in Ground Nuts, making it the 124th largest exporter of Ground Nuts in the world. At the same year, Ground Nuts was the 1001st most exported product in Philippines. The main destination of Ground Nuts exports from Philippines are: Kuwait ($5.49k), United Arab Emirates ($1.17k), United Kingdom ($1.16k), Maldives ($628), and Norway ($133).

The fastest growing export markets for Ground Nuts of Philippines between 2021 and 2022 were Kuwait ($5.18k), United Arab Emirates ($1.17k), and United Kingdom ($1.16k).

Imports In 2022, Philippines imported $82.4M in Ground Nuts, becoming the 12th largest importer of Ground Nuts in the world. At the same year, Ground Nuts was the 304th most imported product in Philippines. Philippines imports Ground Nuts primarily from: India ($62.5M), China ($7.92M), Argentina ($6.85M), Mozambique ($3.2M), and Brazil ($1.63M).

The fastest growing import markets in Ground Nuts for Philippines between 2021 and 2022 were Argentina ($4.66M), Mozambique ($3.2M), and Brazil ($953k).

Latest Trends

February 2023

About

Overview In February 2023 Philippines' Ground Nuts exports accounted up to $29.6k and imports accounted up to $5.71M, resulting in a negative trade balance of $5.68M. Between November 2019 and February 2023 the exports of Philippines'   Ground Nuts have increased by $29.4k (24.5k%) from $120 to $29.6k, while imports increased by $2.09M (57.6%) from $3.62M to $5.71M.

Destinations In February 2023, Ground Nuts were exported mostly to , and were imported mostly from China ($3.55M), India ($1.97M), Argentina ($128k), Mozambique ($51.3k), and Tanzania ($15.3k).

Growth In February 2023, the increase in Ground Nuts's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Ground Nuts's year-by-year imports was explained primarily by an increase in imports from Argentina ($234k or 591%) and India ($180k or 13%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2019 - February 2023)$29.4k(24.5k%)
IMPORT GROWTH (August 2023 - August 2024)$2.09M(57.6%)
MAIN DESTINATION (February 2023)

This section shows Ground Nuts'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 Ground Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.71k
IMPORTS (2022)$82.4M
NET TRADE (2022)-$82.3M

In 2022, Philippines exported $8.71k in Ground Nuts. The main destinations of Philippines exports on Ground Nuts were Kuwait ($5.49k), United Arab Emirates ($1.17k), United Kingdom ($1.16k), Maldives ($628), and Norway ($133).

In 2022, Philippines imported $82.4M in Ground Nuts, mainly from India ($62.5M), China ($7.92M), Argentina ($6.85M), Mozambique ($3.2M), and Brazil ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nuts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Kuwait$5.18k (1.63k%)
United Arab Emirates$1.17k (1%)
United Kingdom$1.16k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nuts BY Philippines WERE (2021 - 2022):
United States-$10k (-100%)
Saudi Arabia-$4.91k (-100%)
Canada-$2.23k (-98.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Ground Nuts were:
Argentina $818M
India $732M
United States $543M
In 2022, Philippines's main importing competitors in Ground Nuts were:
China $672M
Netherlands $464M
Indonesia $389M

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Trade Value of Ground Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $3.62k
TOP IMPORT POTENTIALChina+ $1.94M

Ground Nuts’s highest export potential is United Kingdom. With an export gap of $3.62k.   Ground Nuts’s highest import potential is China with an import gap of $1.94M.

See methodology.

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