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2022
Exports $263MWorld Rnk 50 / 221
Flag Rnk 32 / 96
2022
Destination $8.98M United States
2021 - 2022
FASTEST GROWING MARKET $8.98MUnited States
2022
PRODUCT COMPLEXITY IN Miscellaneous edible preparations0.054Rnk 531 / 1025
2022
Imports $2.04BWorld Rnk 11 / 226
Flag Rnk 16 / 96
2022
Origin $27.4M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $27.4MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $263M in Miscellaneous edible preparations, making it the 50th largest exporter of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 32nd most exported product in Philippines. The main destination of Miscellaneous edible preparations exports from Philippines are: United States ($58.9M), Malaysia ($19.8M), United Arab Emirates ($19.8M), Vietnam ($18.5M), and Canada ($17.8M).

The fastest growing export markets for Miscellaneous edible preparations of Philippines between 2021 and 2022 were United States ($8.98M), Vietnam ($3.38M), and Kuwait ($3.36M).

Imports In 2022, Philippines imported $2.04B in Miscellaneous edible preparations, becoming the 11th largest importer of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 16th most imported product in Philippines. Philippines imports Miscellaneous edible preparations primarily from: Indonesia ($557M), Singapore ($352M), China ($241M), Vietnam ($178M), and Thailand ($154M).

The fastest growing import markets in Miscellaneous edible preparations for Philippines between 2021 and 2022 were Malaysia ($27.4M), China ($26.8M), and Vietnam ($26.6M).

COMPANIES In 2023, leading companies such as Walong Marketing (41), Del Monte Foods (38), and Euromarket Designs (3) were at the forefront of shipping Miscellaneous edible preparations from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Miscellaneous edible preparations exports accounted up to $18.2M and imports accounted up to $115M, resulting in a negative trade balance of $97.2M. Between June 2023 and June 2024 the exports of Philippines'   Miscellaneous edible preparations have increased by $1.54M (9.25%) from $16.7M to $18.2M, while imports decreased by $-39.4M (-25.4%) from $155M to $115M.

Destinations In June 2024, Miscellaneous edible preparations were exported mostly to United States ($3.55M), United Arab Emirates ($1.74M), Malaysia ($1.59M), Hong Kong ($1.39M), and Japan ($1.04M), and were imported mostly from Singapore ($63.8M), Thailand ($16.8M), Vietnam ($9.33M), United States ($4.75M), and South Korea ($2.65M).

Growth In June 2024, the increase in Miscellaneous edible preparations's year-by-year exports was explained primarily by an increase in exports to Vietnam ($505k or 102%), Netherlands ($432k or 56.8%), and Singapore ($376k or 39.3%). In June 2024, the decrease in Miscellaneous edible preparations's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-10.7M or -55.6%), Canada ($-4.03M or -62.5%), and Indonesia ($-1.34M or -2.65%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.54M(9.25%)
IMPORT GROWTH (June 2023 - June 2024)$-39.4M(-25.4%)
MAIN DESTINATION (June 2024)United States$3.55M

This section shows Miscellaneous edible preparations'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 Miscellaneous edible preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$263M
IMPORTS (2022)$2.04B
NET TRADE (2022)-$1.78B

In 2022, Philippines exported $263M in Miscellaneous edible preparations. The main destinations of Philippines exports on Miscellaneous edible preparations were United States ($58.9M), Malaysia ($19.8M), United Arab Emirates ($19.8M), Vietnam ($18.5M), and Canada ($17.8M).

In 2022, Philippines imported $2.04B in Miscellaneous edible preparations, mainly from Indonesia ($557M), Singapore ($352M), China ($241M), Vietnam ($178M), and Thailand ($154M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Miscellaneous edible preparations EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$8.98M (18%)
Vietnam$3.38M (22.4%)
Kuwait$3.36M (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Miscellaneous edible preparations BY Philippines WERE (2021 - 2022):
Netherlands-$3.45M (-18.8%)
Hong Kong-$2.28M (-26.4%)
France-$1.55M (-54.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Miscellaneous edible preparations were:
United States $11.2B
Germany $7.99B
Singapore $6.98B
In 2022, Philippines's main importing competitors in Miscellaneous edible preparations were:
United States $12.8B
Germany $4.98B
United Kingdom $4.04B

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Trade Value of Miscellaneous edible preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.2M
TOP IMPORT POTENTIALChina+ $44.2M

Miscellaneous edible preparations’s highest export potential is United States. With an export gap of $27.2M.   Miscellaneous edible preparations’s highest import potential is China with an import gap of $44.2M.

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