Rice in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $1.54M in Rice, making it the 83rd largest exporter of Rice in the world. At the same year, Rice was the 561st most exported product in Philippines. The main destination of Rice exports from Philippines are: Bangladesh ($631k), United Arab Emirates ($248k), Qatar ($191k), Kuwait ($113k), and Saudi Arabia ($78.3k).

The fastest growing export markets for Rice of Philippines between 2021 and 2022 were Bangladesh ($513k), Jordan ($71.7k), and Italy ($32.9k).

Imports In 2022, Philippines imported $1.63B in Rice, becoming the 2nd largest importer of Rice in the world. At the same year, Rice was the 13th most imported product in Philippines. Philippines imports Rice primarily from: Vietnam ($1.38B), Thailand ($71.2M), Burma ($62.5M), Pakistan ($53.7M), and India ($32M).

The fastest growing import markets in Rice for Philippines between 2021 and 2022 were Vietnam ($200M), Pakistan ($41.1M), and Thailand ($12M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Rice exports accounted up to $58.5k and imports accounted up to $205M, resulting in a negative trade balance of $205M. 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 $35.6M (21%) from $169M to $205M.

Destinations In July 2024, Rice were exported mostly to , and were imported mostly from Vietnam ($180M), Thailand ($14.3M), India ($5.51M), China ($3.37M), and Pakistan ($1.04M).

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 August 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 (August 2023 - August 2024)$35.6M(21%)

MAIN DESTINATION (July 2024)

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 (2022)$1.54M

IMPORTS (2022)$1.63B

NET TRADE (2022)-$1.62B

In 2022, Philippines exported $1.54M in Rice. The main destinations of Philippines exports on Rice were Bangladesh ($631k), United Arab Emirates ($248k), Qatar ($191k), Kuwait ($113k), and Saudi Arabia ($78.3k).

In 2022, Philippines imported $1.63B in Rice, mainly from Vietnam ($1.38B), Thailand ($71.2M), Burma ($62.5M), Pakistan ($53.7M), and India ($32M).

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