Tea in Philippines | The Observatory of Economic Complexity

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Exports In 2023, Philippines exported $342k in Tea, making it the 100th largest exporter of Tea in the world. At the same year, Tea was the 710th most exported product in Philippines. The main destination of Tea exports from Philippines are: Canada ($112k), United States ($104k), United Arab Emirates ($30.5k), Switzerland ($16.9k), and Saudi Arabia ($14.2k).

The fastest growing export markets for Tea of Philippines between 2022 and 2023 were Canada ($17.3k), Switzerland ($11.5k), and United Arab Emirates ($7.3k).

Imports In 2023, Philippines imported $19.5M in Tea, becoming the 63rd largest importer of Tea in the world. At the same year, Tea was the 522nd most imported product in Philippines. Philippines imports Tea primarily from: Japan ($4.22M), Indonesia ($3.74M), Poland ($2.76M), Vietnam ($2.38M), and Chinese Taipei ($1.47M).

The fastest growing import markets in Tea for Philippines between 2022 and 2023 were Japan ($2.66M), Poland ($930k), and Indonesia ($841k).

COMPANIES In 2023, leading companies such as Dekalb Farmers Market (19) and Walong Marketing (2) were at the forefront of shipping Tea from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Tea exports accounted up to $59.5k and imports accounted up to $1.88M, resulting in a negative trade balance of $1.82M. Between June 2023 and July 2024 the exports of Philippines' Tea have increased by $53.3k (852%) from $6.25k to $59.5k, while imports increased by $246k (15.1%) from $1.63M to $1.88M.

Destinations In July 2024, Tea were exported mostly to United States ($48.2k), Canada ($9.34k), and United Kingdom ($1.94k), and were imported mostly from Japan ($476k), Poland ($454k), United Arab Emirates ($314k), Vietnam ($152k), and United Kingdom ($109k).

Growth In July 2024, the increase in Tea's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Tea's year-by-year imports was explained primarily by an increase in imports from Japan ($389k or 1.18k%), Poland ($325k or 147%), and Chinese Taipei ($92.8k or 436%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - July 2024)$53.3k(852%)

IMPORT GROWTH (July 2023 - July 2024)$246k(15.1%)

MAIN DESTINATION (July 2024)United States$48.2k

This section shows Tea'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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$342k

IMPORTS (2023)$19.5M

NET TRADE (2023)-$19.1M

In 2023, Philippines exported $342k in Tea. The main destinations of Philippines exports on Tea were Canada ($112k), United States ($104k), United Arab Emirates ($30.5k), Switzerland ($16.9k), and Saudi Arabia ($14.2k).

In 2023, Philippines imported $19.5M in Tea, mainly from Japan ($4.22M), Indonesia ($3.74M), Poland ($2.76M), Vietnam ($2.38M), and Chinese Taipei ($1.47M).

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