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2022
Exports $23MWorld Rnk 68 / 203
Flag Rnk 242 / 1127
2022
Destination $1.84M Germany
2021 - 2022
FASTEST GROWING MARKET $1.84MCzechia
2022
PRODUCT COMPLEXITY IN Hard Liquor-0.52Rnk 708 / 1025
2022
Imports $348MWorld Rnk 25 / 224
Flag Rnk 102 / 1201
2022
Origin $54.7M Spain
2021 - 2022
FASTEST GROWING ORIGIN $54.7MSpain
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $23M in Hard Liquor, making it the 68th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 242nd most exported product in Philippines. The main destination of Hard Liquor exports from Philippines are: Germany ($6.54M), Netherlands ($4.11M), Czechia ($3.18M), France ($2.89M), and United States ($903k).

The fastest growing export markets for Hard Liquor of Philippines between 2021 and 2022 were Czechia ($1.84M), Germany ($1.3M), and France ($770k).

Imports In 2022, Philippines imported $348M in Hard Liquor, becoming the 25th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 102nd most imported product in Philippines. Philippines imports Hard Liquor primarily from: Spain ($249M), Singapore ($25.5M), United Kingdom ($21.1M), China ($11.7M), and United States ($11.3M).

The fastest growing import markets in Hard Liquor for Philippines between 2021 and 2022 were Spain ($54.7M), Singapore ($13.2M), and United Kingdom ($12.8M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Hard Liquor exports accounted up to $1.19M and imports accounted up to $16.4M, resulting in a negative trade balance of $15.2M. Between August 2023 and August 2024 the exports of Philippines'   Hard Liquor have decreased by $-49.1k (-3.95%) from $1.24M to $1.19M, while imports decreased by $-2.82M (-14.7%) from $19.2M to $16.4M.

Destinations In August 2024, Hard Liquor were exported mostly to France ($433k), Netherlands ($316k), Chinese Taipei ($119k), United Arab Emirates ($82.7k), and South Africa ($66.7k), and were imported mostly from Spain ($9.2M), Mexico ($1.84M), United Kingdom ($1.59M), France ($847k), and Puerto Rico ($748k).

Growth In August 2024, the decrease in Hard Liquor's year-by-year exports was explained primarily by a decrease in exports to France ($-71.2k or -55.9%). In August 2024, the decrease in Hard Liquor's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-16.1k or -21%) and Ireland ($-15.7k or -14.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-49.1k(-3.95%)
IMPORT GROWTH (August 2023 - August 2024)$-2.82M(-14.7%)
MAIN DESTINATION (August 2024)France$433k

This section shows Hard Liquor'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 Hard Liquor over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23M
IMPORTS (2022)$348M
NET TRADE (2022)-$325M

In 2022, Philippines exported $23M in Hard Liquor. The main destinations of Philippines exports on Hard Liquor were Germany ($6.54M), Netherlands ($4.11M), Czechia ($3.18M), France ($2.89M), and United States ($903k).

In 2022, Philippines imported $348M in Hard Liquor, mainly from Spain ($249M), Singapore ($25.5M), United Kingdom ($21.1M), China ($11.7M), and United States ($11.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Czechia$1.84M (137%)
Germany$1.3M (24.8%)
France$770k (36.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Philippines WERE (2021 - 2022):
Austria-$1.04M (-99.6%)
Netherlands-$947k (-18.7%)
Hong Kong-$921k (-79.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Hard Liquor were:
United Kingdom $9.58B
France $6.3B
Mexico $4.86B
In 2022, Philippines's main importing competitors in Hard Liquor were:
United States $10.9B
China $2.58B
Germany $1.89B

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.44M
TOP IMPORT POTENTIALUnited Kingdom+ $14.2M

Hard Liquor’s highest export potential is United States. With an export gap of $2.44M.   Hard Liquor’s highest import potential is United Kingdom with an import gap of $14.2M.

See methodology.

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