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2022
Exports $4.03MWorld Rnk 61 / 177
Flag Rnk 431 / 1127
2022
Destination $661k China
2021 - 2022
FASTEST GROWING MARKET $661kChina
2022
PRODUCT COMPLEXITY IN Other Sugars-0.11Rnk 587 / 1025
2022
Imports $243MWorld Rnk 11 / 221
Flag Rnk 136 / 1201
2022
Origin $28.5M China
2021 - 2022
FASTEST GROWING ORIGIN $28.5MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.03M in Other Sugars, making it the 61st largest exporter of Other Sugars in the world. At the same year, Other Sugars was the 431st most exported product in Philippines. The main destination of Other Sugars exports from Philippines are: China ($1.3M), United States ($796k), Sri Lanka ($461k), Japan ($338k), and Indonesia ($162k).

The fastest growing export markets for Other Sugars of Philippines between 2021 and 2022 were China ($661k), United States ($386k), and Sri Lanka ($224k).

Imports In 2022, Philippines imported $243M in Other Sugars, becoming the 11th largest importer of Other Sugars in the world. At the same year, Other Sugars was the 136th most imported product in Philippines. Philippines imports Other Sugars primarily from: China ($147M), United States ($29.8M), South Korea ($13.9M), Thailand ($12M), and Malaysia ($11.2M).

The fastest growing import markets in Other Sugars for Philippines between 2021 and 2022 were China ($28.5M), United States ($8.78M), and Thailand ($6.06M).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Other Sugars exports accounted up to $105k and imports accounted up to $20.5M, resulting in a negative trade balance of $20.4M. Between October 2023 and October 2024 the exports of Philippines'   Other Sugars have decreased by $-165k (-61.1%) from $270k to $105k, while imports increased by $989k (5.07%) from $19.5M to $20.5M.

Destinations In October 2024, Other Sugars were exported mostly to South Korea ($52.9k), Japan ($33.1k), Micronesia ($8.85k), Spain ($6.53k), and Netherlands ($2.6k), and were imported mostly from China ($14.2M), United States ($1.92M), South Korea ($1.27M), Malaysia ($896k), and Thailand ($451k).

Growth In October 2024, the decrease in Other Sugars's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Other Sugars's year-by-year imports was explained primarily by an increase in imports from United States ($1.72M or 64.6%), South Korea ($1.6M or 813%), and China ($1.57M or 15.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-165k(-61.1%)
IMPORT GROWTH (October 2023 - October 2024)$989k(5.07%)
MAIN DESTINATION (October 2024)South Korea$52.9k

This section shows Other Sugars'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 Sugars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.03M
IMPORTS (2022)$243M
NET TRADE (2022)-$239M

In 2022, Philippines exported $4.03M in Other Sugars. The main destinations of Philippines exports on Other Sugars were China ($1.3M), United States ($796k), Sri Lanka ($461k), Japan ($338k), and Indonesia ($162k).

In 2022, Philippines imported $243M in Other Sugars, mainly from China ($147M), United States ($29.8M), South Korea ($13.9M), Thailand ($12M), and Malaysia ($11.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Sugars EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$661k (104%)
United States$386k (94%)
Sri Lanka$224k (94.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sugars BY Philippines WERE (2021 - 2022):
Singapore-$667k (-96.9%)
Israel-$116k (-100%)
Canada-$93.3k (-83.7%)
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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 Sugars were:
United States $1.62B
China $1.11B
France $992M
In 2022, Philippines's main importing competitors in Other Sugars were:
United States $909M
Germany $737M
Mexico $711M

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Trade Value of Other Sugars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $670k
TOP IMPORT POTENTIALIndia+ $4.43M

Other Sugars’s highest export potential is United States. With an export gap of $670k.   Other Sugars’s highest import potential is India with an import gap of $4.43M.

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