Tea and mate extracts, essences and concentrates in Philippines

About

Exports In 2022, Philippines exported $2.13M in Tea and mate extracts, essences and concentrates, making it the 41st largest exporter of Tea and mate extracts, essences and concentrates in the world. At the same year, Tea and mate extracts, essences and concentrates was the 1024th most exported product in Philippines. The main destination of Tea and mate extracts, essences and concentrates exports from Philippines are: Guam ($801k), United States ($482k), Solomon Islands ($152k), Qatar ($143k), and Vanuatu ($82.2k).

The fastest growing export markets for Tea and mate extracts, essences and concentrates of Philippines between 2021 and 2022 were Guam ($290k), United States ($187k), and Qatar ($40.6k).

Imports In 2022, Philippines imported $18.5M in Tea and mate extracts, essences and concentrates, becoming the 24th largest importer of Tea and mate extracts, essences and concentrates in the world. At the same year, Tea and mate extracts, essences and concentrates was the 986th most imported product in Philippines. Philippines imports Tea and mate extracts, essences and concentrates primarily from: China ($4.94M), Ireland ($2.47M), Chinese Taipei ($1.9M), Netherlands ($1.69M), and India ($1.67M).

The fastest growing import markets in Tea and mate extracts, essences and concentrates for Philippines between 2021 and 2022 were China ($2M), India ($895k), and Germany ($499k).

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 Tea and mate extracts, essences and concentrates from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Tea and mate extracts, essences and concentrates exports accounted up to $251k and imports accounted up to $892k, resulting in a negative trade balance of $640k. Between June 2023 and June 2024 the exports of Philippines' Tea and mate extracts, essences and concentrates have increased by $24.9k (11%) from $226k to $251k, while imports decreased by $-415k (-31.8%) from $1.31M to $892k.

Destinations In June 2024, Tea and mate extracts, essences and concentrates were exported mostly to Guam ($62.3k), United States ($61.6k), Canada ($38.7k), Vanuatu ($26k), and Australia ($25.3k), and were imported mostly from Ireland ($349k), India ($211k), South Korea ($88.5k), Germany ($83.1k), and Chinese Taipei ($70.4k).

Growth In June 2024, the increase in Tea and mate extracts, essences and concentrates's year-by-year exports was explained primarily by an increase in exports to Solomon Islands ($14k or 106%), Hong Kong ($5.93k or 4.03k%), and Qatar ($3.8k or 83.2%). In June 2024, the decrease in Tea and mate extracts, essences and concentrates's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-49k or -42.1%), South Korea ($-39.2k or -34.1%), and Indonesia ($-11.7k or -51.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$24.9k(11%)

IMPORT GROWTH (June 2023 - June 2024)$-415k(-31.8%)

MAIN DESTINATION (June 2024)Guam$62.3k

This section shows Tea and mate extracts, essences and concentrates'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 Tea and mate extracts, essences and concentrates over time.

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