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2022
Exports $158kWorld Rnk 75 / 143
Flag Rnk 796 / 1127
2022
Destination $87.4k Maldives
2021 - 2022
FASTEST GROWING MARKET $87.4kMaldives
2022
PRODUCT COMPLEXITY IN Other Fermented Beverages0.091Rnk 525 / 1025
2022
Imports $3.88MWorld Rnk 59 / 218
Flag Rnk 854 / 1201
2022
Origin $992k United States
2021 - 2022
FASTEST GROWING ORIGIN $992kUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $158k in Other Fermented Beverages, making it the 75th largest exporter of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 796th most exported product in Philippines. The main destination of Other Fermented Beverages exports from Philippines are: Maldives ($87.4k), Japan ($31.2k), China ($21.6k), Vietnam ($12k), and Macau ($3.73k).

The fastest growing export markets for Other Fermented Beverages of Philippines between 2021 and 2022 were Maldives ($87.4k), Vietnam ($12k), and Japan ($6.1k).

Imports In 2022, Philippines imported $3.88M in Other Fermented Beverages, becoming the 59th largest importer of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 854th most imported product in Philippines. Philippines imports Other Fermented Beverages primarily from: United States ($1.48M), Japan ($958k), South Korea ($573k), Australia ($353k), and Spain ($181k).

The fastest growing import markets in Other Fermented Beverages for Philippines between 2021 and 2022 were United States ($992k), Japan ($844k), and Australia ($323k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Other Fermented Beverages exports accounted up to $14.7k and imports accounted up to $202k, resulting in a negative trade balance of $187k. Between October 2022 and October 2024 the exports of Philippines'   Other Fermented Beverages have increased by $14.5k (5.13k%) from $282 to $14.7k, while imports increased by $163k (412%) from $39.5k to $202k.

Destinations In October 2024, Other Fermented Beverages were exported mostly to Japan ($10.7k) and United States ($4.07k), and were imported mostly from South Korea ($172k), Japan ($24.6k), and Ireland ($5.65k).

Growth In October 2024, the increase in Other Fermented Beverages's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Other Fermented Beverages's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - October 2024)$14.5k(5.13k%)
IMPORT GROWTH (October 2023 - October 2024)$163k(412%)
MAIN DESTINATION (October 2024)Japan$10.7k

This section shows Other Fermented Beverages'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 Other Fermented Beverages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$158k
IMPORTS (2022)$3.88M
NET TRADE (2022)-$3.72M

In 2022, Philippines exported $158k in Other Fermented Beverages. The main destinations of Philippines exports on Other Fermented Beverages were Maldives ($87.4k), Japan ($31.2k), China ($21.6k), Vietnam ($12k), and Macau ($3.73k).

In 2022, Philippines imported $3.88M in Other Fermented Beverages, mainly from United States ($1.48M), Japan ($958k), South Korea ($573k), Australia ($353k), and Spain ($181k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Fermented Beverages EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Maldives$87.4k (1%)
Vietnam$12k (1%)
Japan$6.1k (24.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Fermented Beverages BY Philippines WERE (2021 - 2022):
Kiribati-$13k (-100%)
Canada-$10.4k (-98.9%)
United States-$8.33k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Fermented Beverages were:
Japan $385M
Italy $132M
Ireland $127M
In 2022, Philippines's main importing competitors in Other Fermented Beverages were:
United States $437M
United Kingdom $234M
China $128M

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Trade Value of Other Fermented Beverages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $25.5k
TOP IMPORT POTENTIALJapan+ $415k

Other Fermented Beverages’s highest export potential is China. With an export gap of $25.5k.   Other Fermented Beverages’s highest import potential is Japan with an import gap of $415k.

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