2023
Exports
$22.5kWorld Rnk 101 / 139
Flag Rnk 942 / 1123
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$161MWorld Rnk 2 / 187
Flag Rnk 150 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $22.5k in Molasses, making it the 101st largest exporter of Molasses in the world. At the same year, Molasses was the 942nd most exported product in Philippines. The main destination of Molasses exports from Philippines are: Singapore ($20.4k), Netherlands ($1.78k), Spain ($224), and Ireland ($127).

The fastest growing export markets for Molasses of Philippines between 2022 and 2023 were Singapore ($9.07k), Spain ($224), and Ireland ($127).

Imports In 2023, Philippines imported $161M in Molasses, becoming the 2nd largest importer of Molasses in the world. At the same year, Molasses was the 150th most imported product in Philippines. Philippines imports Molasses primarily from: Indonesia ($106M), India ($42.4M), Thailand ($11.9M), Malaysia ($688k), and United States ($111k).

The fastest growing import markets in Molasses for Philippines between 2022 and 2023 were Indonesia ($40.8M), Thailand ($4.63M), and Malaysia ($683k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Molasses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$22.5k
IMPORTS (2023)$161M
NET TRADE (2023)-$161M

In 2023, Philippines exported $22.5k in Molasses. The main destinations of Philippines exports on Molasses were Singapore ($20.4k), Netherlands ($1.78k), Spain ($224), and Ireland ($127).

In 2023, Philippines imported $161M in Molasses, mainly from Indonesia ($106M), India ($42.4M), Thailand ($11.9M), Malaysia ($688k), and United States ($111k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$9.07k (80.3%)
Spain$224 (1%)
Ireland$127 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Philippines WERE (2022 - 2023):
Japan-$33.5k (-100%)
Malaysia-$26k (-100%)
Netherlands-$1.25k (-41.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Molasses were:
In 2023, Philippines's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $14.1k
TOP IMPORT POTENTIALThailand+ $585k

Molasses’s highest export potential is Japan. With an export gap of $14.1k.   Molasses’s highest import potential is Thailand with an import gap of $585k.

See methodology.

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