Malt extract & limited cocoa pastrycooks products nes in Philippines

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Exports In 2022, Philippines exported $29M in Malt extract & limited cocoa pastrycooks products nes, making it the 43rd largest exporter of Malt extract & limited cocoa pastrycooks products nes in the world. At the same year, Malt extract & limited cocoa pastrycooks products nes was the 296th most exported product in Philippines. The main destination of Malt extract & limited cocoa pastrycooks products nes exports from Philippines are: Malaysia ($11.5M), Indonesia ($4.9M), Sri Lanka ($4.15M), United States ($4.07M), and Chinese Taipei ($1.33M).

Imports In 2022, Philippines imported $185M in Malt extract & limited cocoa pastrycooks products nes, becoming the 16th largest importer of Malt extract & limited cocoa pastrycooks products nes in the world. At the same year, Malt extract & limited cocoa pastrycooks products nes was the 139th most imported product in Philippines. Philippines imports Malt extract & limited cocoa pastrycooks products nes primarily from: Malaysia ($84.9M), Singapore ($41.4M), Canada ($11.8M), Australia ($8.32M), and Thailand ($8.03M).

The fastest growing import markets in Malt extract & limited cocoa pastrycooks products nes for Philippines between 2021 and 2022 were Singapore ($29.1M), Malaysia ($15.4M), and Belarus ($2.65M).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Malt extract & limited cocoa pastrycooks products nes from Philippines to the United States.

Latest Trends

June 2024

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Overview In June 2024 Philippines' Malt extract & limited cocoa pastrycooks products nes exports accounted up to $1.58M and imports accounted up to $12.7M, resulting in a negative trade balance of $11.1M. Between June 2023 and June 2024 the exports of Philippines' Malt extract & limited cocoa pastrycooks products nes have decreased by $-935k (-37.2%) from $2.52M to $1.58M, while imports decreased by $-1.23M (-8.84%) from $14M to $12.7M.

Destinations In June 2024, Malt extract & limited cocoa pastrycooks products nes were exported mostly to Malaysia ($1.23M), United Arab Emirates ($124k), Indonesia ($96.1k), Australia ($40.9k), and Chinese Taipei ($25.8k), and were imported mostly from Singapore ($8.53M), Ireland ($1.32M), Belarus ($781k), Australia ($707k), and Thailand ($661k).

Growth In June 2024, the decrease in Malt extract & limited cocoa pastrycooks products nes's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-2.97k or -22.8%). In June 2024, the decrease in Malt extract & limited cocoa pastrycooks products nes's year-by-year imports was explained primarily by a decrease in imports from Australia ($-457k or -85.8%), Belarus ($-8.64k or -1.75%), and Thailand ($-5.36k or -0.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-935k(-37.2%)

IMPORT GROWTH (June 2023 - June 2024)$-1.23M(-8.84%)

MAIN DESTINATION (June 2024)Malaysia$1.23M

This section shows Malt extract & limited cocoa pastrycooks products nes'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 Malt extract & limited cocoa pastrycooks products nes over time.

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