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2022
Exports $81.6MWorld Rnk 40 / 180
Flag Rnk 130 / 1127
2022
Destination $3.52M Malaysia
2021 - 2022
FASTEST GROWING MARKET $3.52MIndonesia
2022
PRODUCT COMPLEXITY IN Malt Extract0.015Rnk 542 / 1025
2022
Imports $253MWorld Rnk 26 / 224
Flag Rnk 129 / 1201
2022
Origin $23.6M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $23.6MIreland
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $81.6M in Malt Extract, making it the 40th largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 130th most exported product in Philippines. The main destination of Malt Extract exports from Philippines are: Malaysia ($37.6M), Sri Lanka ($12.3M), Indonesia ($5.87M), United States ($4.51M), and Cambodia ($2.96M).

The fastest growing export markets for Malt Extract of Philippines between 2021 and 2022 were Indonesia ($3.52M), Sri Lanka ($774k), and United States ($670k).

Imports In 2022, Philippines imported $253M in Malt Extract, becoming the 26th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 129th most imported product in Philippines. Philippines imports Malt Extract primarily from: Malaysia ($98.3M), Singapore ($51.7M), Ireland ($23.7M), Canada ($12.2M), and United States ($9.33M).

The fastest growing import markets in Malt Extract for Philippines between 2021 and 2022 were Ireland ($23.6M), Malaysia ($19M), and Singapore ($9.23M).

COMPANIES In 2023, leading companies such as Walong Marketing (1) were at the forefront of shipping Malt Extract from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Malt Extract exports accounted up to $3.65M and imports accounted up to $16.1M, resulting in a negative trade balance of $12.4M. Between June 2023 and June 2024 the exports of Philippines'   Malt Extract have decreased by $-2.08M (-36.3%) from $5.73M to $3.65M, while imports decreased by $-3.41M (-17.5%) from $19.5M to $16.1M.

Destinations In June 2024, Malt Extract were exported mostly to Malaysia ($2.11M), Sri Lanka ($696k), United Arab Emirates ($157k), Cambodia ($140k), and Indonesia ($96.1k), and were imported mostly from N/A.

Growth In June 2024, the decrease in Malt Extract's year-by-year exports was explained primarily by a decrease in exports to Sri Lanka ($-267k or -29.6%), Thailand ($-49.8k or -91.1%), and Papua New Guinea ($-18.5k or -27.9%). In June 2024, the decrease in Malt Extract's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-1.23M or -16.5%), Australia ($-474k or -86.3%), and United States ($-105k or -26.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.08M(-36.3%)
IMPORT GROWTH (June 2023 - June 2024)$-3.41M(-17.5%)
MAIN DESTINATION (June 2024)Malaysia$2.11M

This section shows Malt Extract'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$81.6M
IMPORTS (2022)$253M
NET TRADE (2022)-$172M

In 2022, Philippines exported $81.6M in Malt Extract. The main destinations of Philippines exports on Malt Extract were Malaysia ($37.6M), Sri Lanka ($12.3M), Indonesia ($5.87M), United States ($4.51M), and Cambodia ($2.96M).

In 2022, Philippines imported $253M in Malt Extract, mainly from Malaysia ($98.3M), Singapore ($51.7M), Ireland ($23.7M), Canada ($12.2M), and United States ($9.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Malt Extract EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$3.52M (149%)
Sri Lanka$774k (6.69%)
United States$670k (17.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt Extract BY Philippines WERE (2021 - 2022):
Malaysia-$6.98M (-15.6%)
Yemen-$3.71M (-100%)
Oman-$2.66M (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Malt Extract were:
Netherlands $3.83B
Germany $2.29B
France $2.23B
In 2022, Philippines's main importing competitors in Malt Extract were:
China $4.66B
United States $1.39B
Germany $876M

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Trade Value of Malt Extract by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.76M
TOP IMPORT POTENTIALUnited States+ $4.63M

Malt Extract’s highest export potential is United States. With an export gap of $4.76M.   Malt Extract’s highest import potential is United States with an import gap of $4.63M.

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