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Pricing

2022
Exports $7.81MWorld Rnk 55 / 143
Flag Rnk 368 / 1127
2022
Destination $802k United States
2021 - 2022
FASTEST GROWING MARKET $802kAustralia
2022
PRODUCT COMPLEXITY IN Ice Cream-0.27Rnk 636 / 1025
2022
Imports $81.8MWorld Rnk 15 / 219
Flag Rnk 305 / 1201
2022
Origin $26.1M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $26.1MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.81M in Ice Cream, making it the 55th largest exporter of Ice Cream in the world. At the same year, Ice Cream was the 368th most exported product in Philippines. The main destination of Ice Cream exports from Philippines are: United States ($1.25M), Singapore ($1.19M), Australia ($1.12M), United Arab Emirates ($1.07M), and United Kingdom ($792k).

The fastest growing export markets for Ice Cream of Philippines between 2021 and 2022 were Australia ($802k), United Kingdom ($451k), and Singapore ($423k).

Imports In 2022, Philippines imported $81.8M in Ice Cream, becoming the 15th largest importer of Ice Cream in the world. At the same year, Ice Cream was the 305th most imported product in Philippines. Philippines imports Ice Cream primarily from: Indonesia ($40.8M), China ($17.5M), South Korea ($9.95M), Thailand ($6.9M), and United States ($3.61M).

The fastest growing import markets in Ice Cream for Philippines between 2021 and 2022 were Indonesia ($26.1M), Thailand ($5.16M), and South Korea ($2.18M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Ice Cream exports accounted up to $1.03M and imports accounted up to $2.34M, resulting in a negative trade balance of $1.31M. Between August 2023 and August 2024 the exports of Philippines'   Ice Cream have decreased by $-75.4k (-6.82%) from $1.11M to $1.03M, while imports decreased by $-2.64M (-53.1%) from $4.98M to $2.34M.

Destinations In August 2024, Ice Cream were exported mostly to Australia ($371k), Singapore ($159k), Thailand ($119k), South Korea ($80.2k), and United States ($77.3k), and were imported mostly from China ($788k), Thailand ($596k), Indonesia ($545k), South Korea ($270k), and United States ($68.7k).

Growth In August 2024, the decrease in Ice Cream's year-by-year exports was explained primarily by a decrease in exports to United States ($-51.1k or -47.6%) and Canada ($-28.1k or -33.4%). In August 2024, the decrease in Ice Cream's year-by-year imports was explained primarily by a decrease in imports from China ($-637k or -28.6%), United States ($-14.9k or -8.01%), and France ($-1.18k or -6.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-75.4k(-6.82%)
IMPORT GROWTH (August 2023 - August 2024)$-2.64M(-53.1%)
MAIN DESTINATION (August 2024)Australia$371k

This section shows Ice Cream'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 Ice Cream over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.81M
IMPORTS (2022)$81.8M
NET TRADE (2022)-$74M

In 2022, Philippines exported $7.81M in Ice Cream. The main destinations of Philippines exports on Ice Cream were United States ($1.25M), Singapore ($1.19M), Australia ($1.12M), United Arab Emirates ($1.07M), and United Kingdom ($792k).

In 2022, Philippines imported $81.8M in Ice Cream, mainly from Indonesia ($40.8M), China ($17.5M), South Korea ($9.95M), Thailand ($6.9M), and United States ($3.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ice Cream EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Australia$802k (251%)
United Kingdom$451k (133%)
Singapore$423k (55%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ice Cream BY Philippines WERE (2021 - 2022):
United Arab Emirates-$624k (-36.9%)
Ireland-$85k (-100%)
Saudi Arabia-$83.6k (-48.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Ice Cream were:
Germany $653M
France $575M
Belgium $411M
In 2022, Philippines's main importing competitors in Ice Cream were:
Germany $511M
United Kingdom $426M
France $380M

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Trade Value of Ice Cream by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $391k
TOP IMPORT POTENTIALUnited States+ $984k

Ice Cream’s highest export potential is United States. With an export gap of $391k.   Ice Cream’s highest import potential is United States with an import gap of $984k.

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