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2022
Exports $256kWorld Rnk 91 / 158
Flag Rnk 751 / 1127
2022
Destination $145k Qatar
2021 - 2022
FASTEST GROWING MARKET $145kQatar
2022
PRODUCT COMPLEXITY IN Processed Cereals-0.77Rnk 775 / 1025
2022
Imports $10.7MWorld Rnk 50 / 218
Flag Rnk 703 / 1201
2022
Origin $1.25M Australia
2021 - 2022
FASTEST GROWING ORIGIN $1.25MAustralia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $256k in Processed Cereals, making it the 91st largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 751st most exported product in Philippines. The main destination of Processed Cereals exports from Philippines are: Qatar ($145k), Indonesia ($30k), China ($25k), Bahrain ($15.8k), and Hong Kong ($12.4k).

The fastest growing export markets for Processed Cereals of Philippines between 2021 and 2022 were Qatar ($145k), Indonesia ($29.8k), and China ($25k).

Imports In 2022, Philippines imported $10.7M in Processed Cereals, becoming the 50th largest importer of Processed Cereals in the world. At the same year, Processed Cereals was the 703rd most imported product in Philippines. Philippines imports Processed Cereals primarily from: Australia ($8.86M), United States ($431k), Canada ($343k), New Zealand ($292k), and Malaysia ($278k).

The fastest growing import markets in Processed Cereals for Philippines between 2021 and 2022 were Australia ($1.25M), Canada ($240k), and New Zealand ($210k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Processed Cereals exports accounted up to $7.47k and imports accounted up to $565k, resulting in a negative trade balance of $557k. Between June 2023 and June 2024 the exports of Philippines'   Processed Cereals have increased by $6.24k (507%) from $1.23k to $7.47k, while imports decreased by $-382k (-40.4%) from $947k to $565k.

Destinations In June 2024, Processed Cereals were exported mostly to United Arab Emirates ($7.47k), and were imported mostly from Australia ($565k).

Growth In June 2024, the increase in Processed Cereals's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Processed Cereals's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$6.24k(507%)
IMPORT GROWTH (June 2023 - June 2024)$-382k(-40.4%)
MAIN DESTINATION (June 2024)United Arab Emirates$7.47k

This section shows Processed 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 Processed Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$256k
IMPORTS (2022)$10.7M
NET TRADE (2022)-$10.5M

In 2022, Philippines exported $256k in Processed Cereals. The main destinations of Philippines exports on Processed Cereals were Qatar ($145k), Indonesia ($30k), China ($25k), Bahrain ($15.8k), and Hong Kong ($12.4k).

In 2022, Philippines imported $10.7M in Processed Cereals, mainly from Australia ($8.86M), United States ($431k), Canada ($343k), New Zealand ($292k), and Malaysia ($278k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Qatar$145k (1%)
Indonesia$29.8k (11.8k%)
China$25k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY Philippines WERE (2021 - 2022):
Germany-$8.11k (-100%)
Dominican Republic-$1.24k (-100%)
Papua New Guinea-$1.09k (-83.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Processed Cereals were:
Canada $502M
Germany $183M
United States $168M
In 2022, Philippines's main importing competitors in Processed Cereals were:
United States $597M
Germany $131M
China $127M

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $11.4k
TOP IMPORT POTENTIALCanada+ $400k

Processed Cereals’s highest export potential is Indonesia. With an export gap of $11.4k.   Processed Cereals’s highest import potential is Canada with an import gap of $400k.

See methodology.

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