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

August 2021

About

Overview In August 2021 Philippines' Milk exports accounted up to $60.5k and imports accounted up to $7.42M, resulting in a negative trade balance of $7.36M. Between July 2020 and August 2021 the exports of Philippines' Milk have decreased by $-125k (-67.3%) from $185k to $60.5k, while imports increased by $191k (2.64%) from $7.23M to $7.42M.

Destinations In August 2021, Milk were exported mostly to United Arab Emirates ($49.5k), Papua New Guinea ($6.72k), Bahrain ($3.56k), American Samoa ($611), and Jordan ($160), and were imported mostly from New Zealand ($2.27M), Germany ($1.42M), Australia ($1.18M), France ($558k), and Denmark ($457k).

Growth In August 2021, the decrease in Milk's year-by-year exports was explained primarily by a decrease in exports to Australia ($-51.5k or -36.8%). In August 2021, the increase in Milk's year-by-year imports was explained primarily by an increase in imports from Germany ($455k or 39.1%), Australia ($384k or 39.8%), and Denmark ($114k or 90.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2020 - August 2021)$-125k(-67.3%)

IMPORT GROWTH (August 2020 - August 2021)$191k(2.64%)

MAIN DESTINATION (August 2021)United Arab Emirates$49.5k

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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