Rice in Philippines | The Observatory of Economic Complexity

About

Exports In 2023, Philippines exported $961k in Rice, making it the 85th largest exporter of Rice in the world. At the same year, Rice was the 584th most exported product in Philippines. The main destination of Rice exports from Philippines are: Qatar ($159k), Bangladesh ($153k), Saudi Arabia ($138k), United Arab Emirates ($132k), and Kuwait ($101k).

The fastest growing export markets for Rice of Philippines between 2022 and 2023 were Norway ($91.3k), Oman ($59.6k), and Kuwait ($44.5k).

Imports In 2023, Philippines imported $1.62B in Rice, becoming the 3rd largest importer of Rice in the world. At the same year, Rice was the 12th most imported product in Philippines. Philippines imports Rice primarily from: Vietnam ($1.27B), Thailand ($160M), Burma ($58.5M), India ($44.6M), and Pakistan ($44.4M).

The fastest growing import markets in Rice for Philippines between 2022 and 2023 were Vietnam ($259M), Thailand ($97.3M), and China ($9.14M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Rice exports accounted up to $58.5k and imports accounted up to $109M, resulting in a negative trade balance of $109M. Between March 2023 and July 2024 the exports of Philippines' Rice have increased by $57.6k (6.27k%) from $918 to $58.5k, while imports increased by $33.8M (44.8%) from $75.5M to $109M.

Destinations In July 2024, Rice were exported mostly to Saudi Arabia ($25.4k), Qatar ($24.3k), and United States ($8.85k), and were imported mostly from Vietnam ($99.1M), India ($4.55M), Thailand ($3.34M), Pakistan ($2.03M), and Burma ($267k).

Growth In July 2024, the increase in Rice's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($3.51k or 17.9%) and Saudi Arabia ($1.45k or 5.68%). In July 2024, the increase in Rice's year-by-year imports was explained primarily by an increase in imports from China ($109k or 46.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - July 2024)$57.6k(6.27k%)

IMPORT GROWTH (July 2023 - July 2024)$33.8M(44.8%)

MAIN DESTINATION (July 2024)Saudi Arabia$25.4k

This section shows Rice'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 Rice over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$961k

IMPORTS (2023)$1.62B

NET TRADE (2023)-$1.62B

In 2023, Philippines exported $961k in Rice. The main destinations of Philippines exports on Rice were Qatar ($159k), Bangladesh ($153k), Saudi Arabia ($138k), United Arab Emirates ($132k), and Kuwait ($101k).

In 2023, Philippines imported $1.62B in Rice, mainly from Vietnam ($1.27B), Thailand ($160M), Burma ($58.5M), India ($44.6M), and Pakistan ($44.4M).

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