2022
Exports
$298MWorld Rnk 45 / 218
Flag Rnk 29 / 96
2022
PRODUCT COMPLEXITY IN Preparations of cereals, flour, starch or milk
0.015Rnk 542 / 1025
2022
Imports
$726MWorld Rnk 31 / 226
Flag Rnk 42 / 96

About

Exports In 2022, Philippines exported $298M in Preparations of cereals, flour, starch or milk, making it the 45th largest exporter of Preparations of cereals, flour, starch or milk in the world. At the same year, Preparations of cereals, flour, starch or milk was the 29th most exported product in Philippines. The main destination of Preparations of cereals, flour, starch or milk exports from Philippines are: United States ($58.4M), Malaysia ($46.3M), United Arab Emirates ($25.4M), Canada ($22.4M), and Sri Lanka ($12.5M).

The fastest growing export markets for Preparations of cereals, flour, starch or milk of Philippines between 2021 and 2022 were United States ($17.1M), United Arab Emirates ($7.55M), and Canada ($3.93M).

Imports In 2022, Philippines imported $726M in Preparations of cereals, flour, starch or milk, becoming the 31st largest importer of Preparations of cereals, flour, starch or milk in the world. At the same year, Preparations of cereals, flour, starch or milk was the 42nd most imported product in Philippines. Philippines imports Preparations of cereals, flour, starch or milk primarily from: Malaysia ($148M), Indonesia ($131M), China ($75.9M), Singapore ($58.8M), and United States ($50.8M).

The fastest growing import markets in Preparations of cereals, flour, starch or milk for Philippines between 2021 and 2022 were Malaysia ($35.5M), Indonesia ($35.3M), and Ireland ($23.7M).

Historical Data

Trade Balance

Color
EXPORTS (2022)$298M
IMPORTS (2022)$726M
NET TRADE (2022)-$429M

In 2022, Philippines exported $298M in Preparations of cereals, flour, starch or milk. The main destinations of Philippines exports on Preparations of cereals, flour, starch or milk were United States ($58.4M), Malaysia ($46.3M), United Arab Emirates ($25.4M), Canada ($22.4M), and Sri Lanka ($12.5M).

In 2022, Philippines imported $726M in Preparations of cereals, flour, starch or milk, mainly from Malaysia ($148M), Indonesia ($131M), China ($75.9M), Singapore ($58.8M), and United States ($50.8M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Preparations of cereals, flour, starch or milk EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$17.1M (41.4%)
United Arab Emirates$7.55M (42.3%)
Canada$3.93M (21.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Preparations of cereals, flour, starch or milk BY Philippines WERE (2021 - 2022):
Malaysia-$8.85M (-16%)
Yemen-$3.71M (-100%)
Netherlands-$3.54M (-60.2%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Preparations of cereals, flour, starch or milk were:
In 2022, Philippines's main importing competitors in Preparations of cereals, flour, starch or milk were:

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Trade Value of Preparations of cereals, flour, starch or milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.6M
TOP IMPORT POTENTIALChina+ $21.1M

Preparations of cereals, flour, starch or milk’s highest export potential is United States. With an export gap of $32.6M.   Preparations of cereals, flour, starch or milk’s highest import potential is China with an import gap of $21.1M.

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