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2023
Exports $2.84MWorld Rnk 60 / 175
Flag Rnk 465 / 1123
2023
Destination $110k China
2022 - 2023
FASTEST GROWING MARKET $110kGermany
2023
PRODUCT COMPLEXITY IN Other Sugars-0.21Rnk 619 / 1025
2023
Imports $229MWorld Rnk 13 / 220
Flag Rnk 114 / 1202
2023
Origin $2.23M China
2022 - 2023
FASTEST GROWING ORIGIN $2.23MSouth Korea
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $2.84M in Other Sugars, making it the 60th largest exporter of Other Sugars in the world. At the same year, Other Sugars was the 465th most exported product in Philippines. The main destination of Other Sugars exports from Philippines are: China ($1.29M), United States ($401k), Japan ($221k), Germany ($176k), and Sri Lanka ($106k).

The fastest growing export markets for Other Sugars of Philippines between 2022 and 2023 were Germany ($110k), United Arab Emirates ($52.5k), and Netherlands ($39.8k).

Imports In 2023, Philippines imported $229M in Other Sugars, becoming the 13th largest importer of Other Sugars in the world. At the same year, Other Sugars was the 114th most imported product in Philippines. Philippines imports Other Sugars primarily from: China ($149M), United States ($24M), South Korea ($15.6M), Thailand ($9.56M), and Malaysia ($8.91M).

The fastest growing import markets in Other Sugars for Philippines between 2022 and 2023 were South Korea ($2.23M), Finland ($1.1M), and Belgium ($557k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Other Sugars exports accounted up to $122k and imports accounted up to $24.3M, resulting in a negative trade balance of $24.2M. Between July 2023 and July 2024 the exports of Philippines'   Other Sugars have decreased by $-15.6k (-11.3%) from $138k to $122k, while imports increased by $3.82M (18.6%) from $20.5M to $24.3M.

Destinations In July 2024, Other Sugars were exported mostly to Sri Lanka ($62.7k), Belgium ($49.1k), Indonesia ($9.5k), Hong Kong ($504), and Japan ($268), and were imported mostly from China ($16.3M), South Korea ($1.76M), Thailand ($1.51M), Malaysia ($1.11M), and United States ($953k).

Growth In July 2024, the decrease in Other Sugars's year-by-year exports was explained primarily by a decrease in exports to . In July 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 (July 2023 - July 2024)$-15.6k(-11.3%)
IMPORT GROWTH (July 2023 - July 2024)$3.82M(18.6%)
MAIN DESTINATION (July 2024)Sri Lanka$62.7k

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 (2023)$2.84M
IMPORTS (2023)$229M
NET TRADE (2023)-$226M

In 2023, Philippines exported $2.84M in Other Sugars. The main destinations of Philippines exports on Other Sugars were China ($1.29M), United States ($401k), Japan ($221k), Germany ($176k), and Sri Lanka ($106k).

In 2023, Philippines imported $229M in Other Sugars, mainly from China ($149M), United States ($24M), South Korea ($15.6M), Thailand ($9.56M), and Malaysia ($8.91M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Sugars EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Germany$110k (164%)
United Arab Emirates$52.5k (384%)
Netherlands$39.8k (3.43k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sugars BY Philippines WERE (2022 - 2023):
United States-$488k (-54.9%)
Sri Lanka-$348k (-76.6%)
Indonesia-$164k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Other Sugars were:
United States $1.54B
China $1.26B
France $1.2B
In 2023, Philippines's main importing competitors in Other Sugars were:
China $1.16B
Germany $1.04B
United States $840M

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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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