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2022
Exports $23.1MWorld Rnk 44 / 181
Flag Rnk 240 / 1127
2022
Destination $2M China
2021 - 2022
FASTEST GROWING MARKET $2MChina
2022
PRODUCT COMPLEXITY IN Prepared Cereals-0.43Rnk 681 / 1025
2022
Imports $53.4MWorld Rnk 33 / 223
Flag Rnk 372 / 1201
2022
Origin $3.1M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $3.1MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $23.1M in Prepared Cereals, making it the 44th largest exporter of Prepared Cereals in the world. At the same year, Prepared Cereals was the 240th most exported product in Philippines. The main destination of Prepared Cereals exports from Philippines are: China ($4.63M), Malaysia ($4.32M), Thailand ($1.88M), Chinese Taipei ($1.35M), and Indonesia ($1.03M).

The fastest growing export markets for Prepared Cereals of Philippines between 2021 and 2022 were China ($2M), Indonesia ($364k), and Israel ($175k).

Imports In 2022, Philippines imported $53.4M in Prepared Cereals, becoming the 33rd largest importer of Prepared Cereals in the world. At the same year, Prepared Cereals was the 372nd most imported product in Philippines. Philippines imports Prepared Cereals primarily from: Thailand ($22.3M), Indonesia ($13.7M), United States ($3.24M), Malaysia ($2.88M), and China ($2.68M).

The fastest growing import markets in Prepared Cereals for Philippines between 2021 and 2022 were Thailand ($3.1M), China ($835k), and United States ($486k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Prepared Cereals exports accounted up to $2M and imports accounted up to $9.41M, resulting in a negative trade balance of $7.41M. Between October 2023 and October 2024 the exports of Philippines'   Prepared Cereals have decreased by $-92k (-4.4%) from $2.09M to $2M, while imports increased by $2.56M (37.4%) from $6.85M to $9.41M.

Destinations In October 2024, Prepared Cereals were exported mostly to Malaysia ($342k), Australia ($299k), China ($295k), Indonesia ($250k), and Thailand ($202k), and were imported mostly from Indonesia ($5.88M), Thailand ($2.16M), United States ($246k), China ($234k), and South Korea ($180k).

Growth In October 2024, the decrease in Prepared Cereals's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-262k or -99.2%), Canada ($-175k or -96%), and China ($-111k or -63.2%). In October 2024, the increase in Prepared Cereals's year-by-year imports was explained primarily by an increase in imports from Indonesia ($336k or 8.34%), South Korea ($249k or 237%), and Netherlands ($97.7k or 360%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-92k(-4.4%)
IMPORT GROWTH (October 2023 - October 2024)$2.56M(37.4%)
MAIN DESTINATION (October 2024)Malaysia$342k

This section shows Prepared Cereals'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 Prepared Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.1M
IMPORTS (2022)$53.4M
NET TRADE (2022)-$30.3M

In 2022, Philippines exported $23.1M in Prepared Cereals. The main destinations of Philippines exports on Prepared Cereals were China ($4.63M), Malaysia ($4.32M), Thailand ($1.88M), Chinese Taipei ($1.35M), and Indonesia ($1.03M).

In 2022, Philippines imported $53.4M in Prepared Cereals, mainly from Thailand ($22.3M), Indonesia ($13.7M), United States ($3.24M), Malaysia ($2.88M), and China ($2.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Cereals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$2M (76.2%)
Indonesia$364k (54.6%)
Israel$175k (2.15k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Cereals BY Philippines WERE (2021 - 2022):
Malaysia-$2.53M (-36.9%)
Thailand-$1.56M (-45.3%)
United Arab Emirates-$432k (-33.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Prepared Cereals were:
Germany $784M
United States $747M
United Kingdom $648M
In 2022, Philippines's main importing competitors in Prepared Cereals were:
United States $1.03B
Canada $606M
Germany $513M

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Trade Value of Prepared Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.37M
TOP IMPORT POTENTIALChina+ $1.59M

Prepared Cereals’s highest export potential is China. With an export gap of $1.37M.   Prepared Cereals’s highest import potential is China with an import gap of $1.59M.

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