Sugars & confectioneries in   Philippines

Overview In June 2024 Philippines' Sugars & confectioneries exports accounted up to $4.13M and imports accounted up to $19.3M, resulting in a negative trade balance of $15.2M. Between June 2023 and June 2024 the exports of Philippines'   Sugars & confectioneries have decreased by $-1.6M (-27.9%) from $5.73M to $4.13M, while imports decreased by $-93.4M (-82.8%) from $113M to $19.3M.

Destinations In June 2024, Sugars & confectioneries were exported mostly to Vietnam ($1.47M), Chinese Taipei ($372k), China ($366k), United States ($273k), and South Korea ($235k), and were imported mostly from Fiji ($5.48M), Thailand ($4.09M), South Korea ($2.07M), Vietnam ($1.82M), and United States ($1.71M).

Growth In June 2024, the decrease in Sugars & confectioneries's year-by-year exports was explained primarily by a decrease in exports to China ($-804k or -79.5%), Papua New Guinea ($-179k or -99.5%), and Japan ($-135k or -32.8%). In June 2024, the decrease in Sugars & confectioneries's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-560k or -70.6%), Denmark ($-177k or -78.6%), and Lithuania ($-131k or -44.2%).