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2022
Exports $7.49MWorld Rnk 13 / 144
Flag Rnk 374 / 1127
2022
Destination $1.61M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $1.61MChina
2022
PRODUCT COMPLEXITY IN Sugar Preserved Foods-1.1Rnk 856 / 1025
2022
Imports $1.67MWorld Rnk 54 / 214
Flag Rnk 960 / 1201
2022
Origin $173k China
2021 - 2022
FASTEST GROWING ORIGIN $173kUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.49M in Sugar Preserved Foods, making it the 13th largest exporter of Sugar Preserved Foods in the world. At the same year, Sugar Preserved Foods was the 374th most exported product in Philippines. The main destination of Sugar Preserved Foods exports from Philippines are: United Kingdom ($2.57M), China ($1.66M), Argentina ($1.24M), Japan ($599k), and United States ($171k).

The fastest growing export markets for Sugar Preserved Foods of Philippines between 2021 and 2022 were China ($1.61M), Japan ($82.2k), and Netherlands ($78.3k).

Imports In 2022, Philippines imported $1.67M in Sugar Preserved Foods, becoming the 54th largest importer of Sugar Preserved Foods in the world. At the same year, Sugar Preserved Foods was the 960th most imported product in Philippines. Philippines imports Sugar Preserved Foods primarily from: China ($730k), United States ($563k), Singapore ($108k), Italy ($59.6k), and Cambodia ($56.9k).

The fastest growing import markets in Sugar Preserved Foods for Philippines between 2021 and 2022 were United States ($173k), Singapore ($108k), and Switzerland ($46.2k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Sugar Preserved Foods exports accounted up to $394k and imports accounted up to $9.48k, resulting in a positive trade balance of $385k. Between October 2023 and October 2024 the exports of Philippines'   Sugar Preserved Foods have increased by $344k (680%) from $50.5k to $394k, while imports increased by $2.06k (27.7%) from $7.43k to $9.48k.

Destinations In October 2024, Sugar Preserved Foods were exported mostly to Canada ($164k), Australia ($158k), Guam ($47.3k), United States ($21.2k), and Japan ($2.98k), and were imported mostly from .

Growth In October 2024, the increase in Sugar Preserved Foods's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Sugar Preserved Foods's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$344k(680%)
IMPORT GROWTH (July 2023 - September 2024)$2.06k(27.7%)
MAIN DESTINATION (October 2024)Canada$164k

This section shows Sugar Preserved Foods'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 Sugar Preserved Foods over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.49M
IMPORTS (2022)$1.67M
NET TRADE (2022)$5.83M

In 2022, Philippines exported $7.49M in Sugar Preserved Foods. The main destinations of Philippines exports on Sugar Preserved Foods were United Kingdom ($2.57M), China ($1.66M), Argentina ($1.24M), Japan ($599k), and United States ($171k).

In 2022, Philippines imported $1.67M in Sugar Preserved Foods, mainly from China ($730k), United States ($563k), Singapore ($108k), Italy ($59.6k), and Cambodia ($56.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sugar Preserved Foods EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$1.61M (3.5k%)
Japan$82.2k (15.9%)
Netherlands$78.3k (272%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sugar Preserved Foods BY Philippines WERE (2021 - 2022):
Argentina-$489k (-28.3%)
Chile-$290k (-98.5%)
United States-$266k (-60.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Sugar Preserved Foods were:
China $254M
Thailand $186M
Cambodia $71.3M
In 2022, Philippines's main importing competitors in Sugar Preserved Foods were:
United States $117M
China $107M
Thailand $56.9M

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Trade Value of Sugar Preserved Foods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $949k
TOP IMPORT POTENTIALChina+ $377k

Sugar Preserved Foods’s highest export potential is China. With an export gap of $949k.   Sugar Preserved Foods’s highest import potential is China with an import gap of $377k.

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