2023
Exports
$247MWorld Rnk 9 / 178
Flag Rnk 51 / 1123
2023
PRODUCT COMPLEXITY IN Vegetable Saps
-1.06Rnk 845 / 1025
2023
Imports
$47MWorld Rnk 34 / 211
Flag Rnk 354 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $247M in Vegetable Saps, making it the 9th largest exporter of Vegetable Saps in the world. At the same year, Vegetable Saps was the 51st most exported product in Philippines. The main destination of Vegetable Saps exports from Philippines are: United States ($42.3M), Spain ($19.1M), Netherlands ($19.1M), India ($16.2M), and Germany ($13.8M).

The fastest growing export markets for Vegetable Saps of Philippines between 2022 and 2023 were India ($7.4M), Netherlands ($5.86M), and United Kingdom ($3.45M).

Imports In 2023, Philippines imported $47M in Vegetable Saps, becoming the 34th largest importer of Vegetable Saps in the world. At the same year, Vegetable Saps was the 354th most imported product in Philippines. Philippines imports Vegetable Saps primarily from: China ($27.6M), France ($2.23M), South Korea ($2.06M), United States ($1.93M), and Indonesia ($1.83M).

The fastest growing import markets in Vegetable Saps for Philippines between 2022 and 2023 were Belgium ($1.35M), United States ($396k), and Germany ($361k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-1.2M(-5.36%)
IMPORT GROWTH (July 2023 - July 2024)$-308k(-8%)
MAIN DESTINATION (July 2024)United States$5.01M

This section shows Vegetable Saps'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 Vegetable Saps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$247M
IMPORTS (2023)$47M
NET TRADE (2023)$200M

In 2023, Philippines exported $247M in Vegetable Saps. The main destinations of Philippines exports on Vegetable Saps were United States ($42.3M), Spain ($19.1M), Netherlands ($19.1M), India ($16.2M), and Germany ($13.8M).

In 2023, Philippines imported $47M in Vegetable Saps, mainly from China ($27.6M), France ($2.23M), South Korea ($2.06M), United States ($1.93M), and Indonesia ($1.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vegetable Saps EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
India$7.4M (83.6%)
Netherlands$5.86M (44.2%)
United Kingdom$3.45M (36.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Saps BY Philippines WERE (2022 - 2023):
United States-$14.8M (-25.9%)
Denmark-$7.52M (-57.4%)
Spain-$6.27M (-24.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Vegetable Saps were:
China $1.64B
India $1.03B
In 2023, Philippines's main importing competitors in Vegetable Saps were:

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Trade Value of Vegetable Saps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.5M
TOP IMPORT POTENTIALIndia+ $2.63M

Vegetable Saps’s highest export potential is United States. With an export gap of $10.5M.   Vegetable Saps’s highest import potential is India with an import gap of $2.63M.

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