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2022
Exports $6.77MWorld Rnk 57 / 187
Flag Rnk 382 / 1127
2022
Destination $506k Australia
2021 - 2022
FASTEST GROWING MARKET $506kSlovakia
2022
PRODUCT COMPLEXITY IN Industrial Food Preperation Machinery0.74Rnk 263 / 1025
2022
Imports $92MWorld Rnk 40 / 221
Flag Rnk 288 / 1201
2022
Origin $3.86M China
2021 - 2022
FASTEST GROWING ORIGIN $3.86MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $6.77M in Industrial Food Preperation Machinery, making it the 57th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 382nd most exported product in Philippines. The main destination of Industrial Food Preperation Machinery exports from Philippines are: Australia ($1.96M), Indonesia ($829k), Slovakia ($506k), China ($471k), and India ($463k).

The fastest growing export markets for Industrial Food Preperation Machinery of Philippines between 2021 and 2022 were Slovakia ($506k), China ($392k), and Uzbekistan ($375k).

Imports In 2022, Philippines imported $92M in Industrial Food Preperation Machinery, becoming the 40th largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 288th most imported product in Philippines. Philippines imports Industrial Food Preperation Machinery primarily from: China ($26.1M), Italy ($8.7M), United States ($8.49M), Germany ($8.17M), and Chinese Taipei ($4.68M).

The fastest growing import markets in Industrial Food Preperation Machinery for Philippines between 2021 and 2022 were China ($3.86M), Australia ($1.95M), and Sweden ($1.76M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Industrial Food Preperation Machinery exports accounted up to $532k and imports accounted up to $5.55M, resulting in a negative trade balance of $5.02M. Between September 2023 and September 2024 the exports of Philippines'   Industrial Food Preperation Machinery have increased by $274k (107%) from $257k to $532k, while imports decreased by $-1.72M (-23.6%) from $7.27M to $5.55M.

Destinations In September 2024, Industrial Food Preperation Machinery were exported mostly to Indonesia ($195k), Australia ($149k), China ($112k), United Kingdom ($32.5k), and Uzbekistan ($20.6k), and were imported mostly from Denmark ($988k), China ($895k), India ($593k), Netherlands ($448k), and Poland ($398k).

Growth In September 2024, the increase in Industrial Food Preperation Machinery's year-by-year exports was explained primarily by an increase in exports to Indonesia ($13.3k or 35.2%). In September 2024, the decrease in Industrial Food Preperation Machinery's year-by-year imports was explained primarily by a decrease in imports from Austria ($-319k or -95.8%), Switzerland ($-241k or -71.3%), and United Kingdom ($-189k or -87.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$274k(107%)
IMPORT GROWTH (September 2023 - September 2024)$-1.72M(-23.6%)
MAIN DESTINATION (September 2024)Indonesia$195k

This section shows Industrial Food Preperation Machinery'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 Industrial Food Preperation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.77M
IMPORTS (2022)$92M
NET TRADE (2022)-$85.3M

In 2022, Philippines exported $6.77M in Industrial Food Preperation Machinery. The main destinations of Philippines exports on Industrial Food Preperation Machinery were Australia ($1.96M), Indonesia ($829k), Slovakia ($506k), China ($471k), and India ($463k).

In 2022, Philippines imported $92M in Industrial Food Preperation Machinery, mainly from China ($26.1M), Italy ($8.7M), United States ($8.49M), Germany ($8.17M), and Chinese Taipei ($4.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Food Preperation Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Slovakia$506k (1%)
China$392k (494%)
Uzbekistan$375k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Food Preperation Machinery BY Philippines WERE (2021 - 2022):
Egypt-$1.65M (-100%)
Australia-$1.39M (-41.5%)
United States-$760k (-97.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Industrial Food Preperation Machinery were:
Germany $2.49B
Italy $2.15B
Netherlands $1.83B
In 2022, Philippines's main importing competitors in Industrial Food Preperation Machinery were:
United States $2.13B
Germany $706M
France $601M

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Trade Value of Industrial Food Preperation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $730k
TOP IMPORT POTENTIALChina+ $5.96M

Industrial Food Preperation Machinery’s highest export potential is China. With an export gap of $730k.   Industrial Food Preperation Machinery’s highest import potential is China with an import gap of $5.96M.

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