Sweetened Cocoa Powder in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $447k in Sweetened Cocoa Powder, making it the 55th largest exporter of Sweetened Cocoa Powder in the world. At the same year, Sweetened Cocoa Powder was the 1568th most exported product in Philippines. The main destination of Sweetened Cocoa Powder exports from Philippines are: Vietnam ($128k), Netherlands ($100k), Canada ($76k), Kuwait ($31.6k), and Bahrain ($26k).

The fastest growing export markets for Sweetened Cocoa Powder of Philippines between 2021 and 2022 were Netherlands ($99.2k), Vietnam ($77.6k), and Kuwait ($31.6k).

Imports In 2022, Philippines imported $2.01M in Sweetened Cocoa Powder, becoming the 43rd largest importer of Sweetened Cocoa Powder in the world. At the same year, Sweetened Cocoa Powder was the 2580th most imported product in Philippines. Philippines imports Sweetened Cocoa Powder primarily from: Chinese Taipei ($642k), Malaysia ($481k), United States ($212k), Canada ($202k), and Indonesia ($128k).

The fastest growing import markets in Sweetened Cocoa Powder for Philippines between 2021 and 2022 were Malaysia ($255k), United States ($163k), and Canada ($155k).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Sweetened Cocoa Powder from Philippines to the United States.

Latest Trends

June 2024

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Overview In June 2024 Philippines' Sweetened Cocoa Powder exports accounted up to $23.6k and imports accounted up to $2.13k, resulting in a positive trade balance of $21.4k. Between June 2023 and June 2024 the exports of Philippines' Sweetened Cocoa Powder have decreased by $-10k (-29.8%) from $33.6k to $23.6k, while imports decreased by $-44.7k (-95.4%) from $46.8k to $2.13k.

Destinations In June 2024, Sweetened Cocoa Powder were exported mostly to South Korea ($5.44k), United Arab Emirates ($4.17k), Canada ($4.11k), Netherlands ($3.35k), and Kuwait ($3.27k), and were imported mostly from Chinese Taipei ($1.28k) and Singapore ($850).

Growth In June 2024, the decrease in Sweetened Cocoa Powder's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Sweetened Cocoa Powder's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-10k(-29.8%)

IMPORT GROWTH (June 2023 - June 2024)$-44.7k(-95.4%)

MAIN DESTINATION (June 2024)South Korea$5.44k

This section shows Sweetened Cocoa Powder'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 Sweetened Cocoa Powder over time.

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