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2022
Exports $4.19MWorld Rnk 74 / 155
Flag Rnk 424 / 1127
2022
Destination $885k China
2021 - 2022
FASTEST GROWING MARKET $885kChina
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $67.7MWorld Rnk 37 / 219
Flag Rnk 341 / 1201
2022
Origin $8.93M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $8.93MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.19M in Margarine, making it the 74th largest exporter of Margarine in the world. At the same year, Margarine was the 424th most exported product in Philippines. The main destination of Margarine exports from Philippines are: China ($1.32M), Thailand ($662k), South Korea ($563k), Japan ($246k), and Vietnam ($181k).

The fastest growing export markets for Margarine of Philippines between 2021 and 2022 were China ($885k), South Korea ($386k), and Thailand ($342k).

Imports In 2022, Philippines imported $67.7M in Margarine, becoming the 37th largest importer of Margarine in the world. At the same year, Margarine was the 341st most imported product in Philippines. Philippines imports Margarine primarily from: Malaysia ($30M), Indonesia ($22.7M), Singapore ($2.78M), Australia ($2.48M), and China ($2.34M).

The fastest growing import markets in Margarine for Philippines between 2021 and 2022 were Indonesia ($8.93M), Singapore ($744k), and Chinese Taipei ($350k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Margarine exports accounted up to $394k and imports accounted up to $7.63M, resulting in a negative trade balance of $7.23M. Between September 2023 and September 2024 the exports of Philippines'   Margarine have increased by $119k (43.1%) from $275k to $394k, while imports increased by $3.38M (79.6%) from $4.25M to $7.63M.

Destinations In September 2024, Margarine were exported mostly to Thailand ($94.8k), China ($92.8k), Canada ($47.3k), United Arab Emirates ($39.2k), and Vietnam ($31.9k), and were imported mostly from Malaysia ($3.3M), Indonesia ($2.4M), Singapore ($433k), China ($365k), and Australia ($239k).

Growth In September 2024, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($14.3k or 293%) and Malaysia ($10.5k or 79.6%). In September 2024, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from Malaysia ($536k or 79%), Indonesia ($403k or 35.6%), and Switzerland ($208k or 394%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$119k(43.1%)
IMPORT GROWTH (September 2023 - September 2024)$3.38M(79.6%)
MAIN DESTINATION (September 2024)Thailand$94.8k

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.19M
IMPORTS (2022)$67.7M
NET TRADE (2022)-$63.5M

In 2022, Philippines exported $4.19M in Margarine. The main destinations of Philippines exports on Margarine were China ($1.32M), Thailand ($662k), South Korea ($563k), Japan ($246k), and Vietnam ($181k).

In 2022, Philippines imported $67.7M in Margarine, mainly from Malaysia ($30M), Indonesia ($22.7M), Singapore ($2.78M), Australia ($2.48M), and China ($2.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$885k (203%)
South Korea$386k (219%)
Thailand$342k (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Philippines WERE (2021 - 2022):
Singapore-$168k (-86.3%)
Vietnam-$64k (-26.1%)
Saudi Arabia-$61.2k (-94.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Margarine were:
Indonesia $1.98B
Belgium $849M
Netherlands $805M
In 2022, Philippines's main importing competitors in Margarine were:
China $1.33B
France $570M
Germany $519M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.95M
TOP IMPORT POTENTIALIndonesia+ $5.63M

Margarine’s highest export potential is China. With an export gap of $1.95M.   Margarine’s highest import potential is Indonesia with an import gap of $5.63M.

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