Milk in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $2.6M in Milk, making it the 71st largest exporter of Milk in the world. At the same year, Milk was the 488th most exported product in Philippines. The main destination of Milk exports from Philippines are: Vietnam ($1.25M), Hong Kong ($406k), Chinese Taipei ($222k), Kuwait ($208k), and United Arab Emirates ($172k).

The fastest growing export markets for Milk of Philippines between 2021 and 2022 were Vietnam ($1.22M), Chinese Taipei ($218k), and Kuwait ($188k).

Imports In 2022, Philippines imported $115M in Milk, becoming the 20th largest importer of Milk in the world. At the same year, Milk was the 236th most imported product in Philippines. Philippines imports Milk primarily from: New Zealand ($23.9M), Germany ($23.1M), Australia ($18.9M), France ($9.91M), and Poland ($8.08M).

The fastest growing import markets in Milk for Philippines between 2021 and 2022 were Germany ($9.31M), New Zealand ($5.44M), and Poland ($5.27M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Milk exports accounted up to $153k and imports accounted up to $10.4M, resulting in a negative trade balance of $10.3M. Between September 2023 and September 2024 the exports of Philippines' Milk have decreased by $-680k (-81.6%) from $833k to $153k, while imports decreased by $-1.83M (-14.9%) from $12.3M to $10.4M.

Destinations In September 2024, Milk were exported mostly to United Arab Emirates ($59k), Canada ($28.3k), United States ($14.4k), Hong Kong ($13.5k), and New Zealand ($7.34k), and were imported mostly from New Zealand ($2.31M), Germany ($2.27M), Australia ($1.3M), Denmark ($919k), and Malaysia ($757k).

Growth In September 2024, the decrease in Milk's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-16k or -59.3%). In September 2024, the decrease in Milk's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-198k or -76.4%), Brazil ($-120k or -80.1%), and Germany ($-104k or -9.36%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$-680k(-81.6%)

IMPORT GROWTH (September 2023 - September 2024)$-1.83M(-14.9%)

MAIN DESTINATION (September 2024)United Arab Emirates$59k

This section shows Milk'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 Milk over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.6M

IMPORTS (2022)$115M

NET TRADE (2022)-$112M

In 2022, Philippines exported $2.6M in Milk. The main destinations of Philippines exports on Milk were Vietnam ($1.25M), Hong Kong ($406k), Chinese Taipei ($222k), Kuwait ($208k), and United Arab Emirates ($172k).

In 2022, Philippines imported $115M in Milk, mainly from New Zealand ($23.9M), Germany ($23.1M), Australia ($18.9M), France ($9.91M), and Poland ($8.08M).

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