Tea in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $432k in Tea, making it the 96th largest exporter of Tea in the world. At the same year, Tea was the 684th most exported product in Philippines. The main destination of Tea exports from Philippines are: United States ($155k), Canada ($85.5k), Nigeria ($48.2k), Kuwait ($30.1k), and United Arab Emirates ($26.1k).

The fastest growing export markets for Tea of Philippines between 2021 and 2022 were Nigeria ($47.9k), Kuwait ($29.9k), and United States ($27.2k).

Imports In 2022, Philippines imported $18.5M in Tea, becoming the 64th largest importer of Tea in the world. At the same year, Tea was the 592nd most imported product in Philippines. Philippines imports Tea primarily from: Chinese Taipei ($3.73M), Indonesia ($2.79M), Vietnam ($2.62M), Japan ($1.92M), and Sri Lanka ($1.76M).

The fastest growing import markets in Tea for Philippines between 2021 and 2022 were Japan ($1.68M), Sri Lanka ($904k), and China ($610k).

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

December 2023

About

Overview In December 2023 Philippines' Tea exports accounted up to $6.3k and imports accounted up to $1.74M, resulting in a negative trade balance of $1.73M. Between October 2022 and December 2023 the exports of Philippines' Tea have decreased by $-15.3k (-70.8%) from $21.6k to $6.3k, while imports increased by $1.05M (154%) from $684k to $1.74M.

Destinations In December 2023, Tea were exported mostly to , and were imported mostly from .

Growth In December 2023, the decrease in Tea's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-7.37k or -48.8%). In December 2023, 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 (October 2022 - December 2023)$-15.3k(-70.8%)

IMPORT GROWTH (December 2022 - December 2023)$1.05M(154%)

MAIN DESTINATION (December 2023)

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 (2022)$432k

IMPORTS (2022)$18.5M

NET TRADE (2022)-$18.1M

In 2022, Philippines exported $432k in Tea. The main destinations of Philippines exports on Tea were United States ($155k), Canada ($85.5k), Nigeria ($48.2k), Kuwait ($30.1k), and United Arab Emirates ($26.1k).

In 2022, Philippines imported $18.5M in Tea, mainly from Chinese Taipei ($3.73M), Indonesia ($2.79M), Vietnam ($2.62M), Japan ($1.92M), and Sri Lanka ($1.76M).

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