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2022
Exports $2.23MWorld Rnk 91 / 167
Flag Rnk 512 / 1127
2022
Destination $336k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $336kUnited States
2022
PRODUCT COMPLEXITY IN Wheat Flours-1.56Rnk 954 / 1025
2022
Imports $24.1MWorld Rnk 55 / 222
Flag Rnk 539 / 1201
2022
Origin $11.1M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $11.1MVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.23M in Wheat Flours, making it the 91st largest exporter of Wheat Flours in the world. At the same year, Wheat Flours was the 512th most exported product in Philippines. The main destination of Wheat Flours exports from Philippines are: Hong Kong ($858k), Burma ($664k), United States ($336k), Vietnam ($152k), and Thailand ($140k).

The fastest growing export markets for Wheat Flours of Philippines between 2021 and 2022 were United States ($336k), Singapore ($16.8k), and Denmark ($404).

Imports In 2022, Philippines imported $24.1M in Wheat Flours, becoming the 55th largest importer of Wheat Flours in the world. At the same year, Wheat Flours was the 539th most imported product in Philippines. Philippines imports Wheat Flours primarily from: Vietnam ($17.8M), Turkey ($2.12M), Chinese Taipei ($1.26M), France ($559k), and India ($453k).

The fastest growing import markets in Wheat Flours for Philippines between 2021 and 2022 were Vietnam ($11.1M), Chinese Taipei ($860k), and Italy ($218k).

Latest Trends

March 2024

About

Overview In March 2024 Philippines' Wheat Flours exports accounted up to $87.2k and imports accounted up to $2.31M, resulting in a negative trade balance of $2.23M. Between November 2022 and March 2024 the exports of Philippines'   Wheat Flours have decreased by $-136k (-61%) from $224k to $87.2k, while imports increased by $47.5k (2.1%) from $2.27M to $2.31M.

Destinations In March 2024, Wheat Flours were exported mostly to , and were imported mostly from Vietnam ($1.78M), Russia ($159k), United Arab Emirates ($57.1k), Chinese Taipei ($41.4k), and Italy ($40.6k).

Growth In March 2024, the decrease in Wheat Flours's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Wheat Flours's year-by-year imports was explained primarily by an increase in imports from Vietnam ($1.37M or 179%), Italy ($18.7k or 1.22k%), and Chinese Taipei ($10k or 26.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - March 2024)$-136k(-61%)
IMPORT GROWTH (June 2023 - June 2024)$47.5k(2.1%)
MAIN DESTINATION (March 2024)

This section shows Wheat Flours'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 Wheat Flours over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.23M
IMPORTS (2022)$24.1M
NET TRADE (2022)-$21.9M

In 2022, Philippines exported $2.23M in Wheat Flours. The main destinations of Philippines exports on Wheat Flours were Hong Kong ($858k), Burma ($664k), United States ($336k), Vietnam ($152k), and Thailand ($140k).

In 2022, Philippines imported $24.1M in Wheat Flours, mainly from Vietnam ($17.8M), Turkey ($2.12M), Chinese Taipei ($1.26M), France ($559k), and India ($453k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wheat Flours EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$336k (50.3k%)
Singapore$16.8k (22.4k%)
Denmark$404 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat Flours BY Philippines WERE (2021 - 2022):
Thailand-$6M (-97.7%)
Vietnam-$2.08M (-93.2%)
Hong Kong-$513k (-37.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Wheat Flours were:
Turkey $1.49B
Kazakhstan $752M
Germany $515M
In 2022, Philippines's main importing competitors in Wheat Flours were:
Afghanistan $843M
Iraq $614M
Netherlands $338M

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Trade Value of Wheat Flours by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $161k
TOP IMPORT POTENTIALTurkey+ $1.31M

Wheat Flours’s highest export potential is Thailand. With an export gap of $161k.   Wheat Flours’s highest import potential is Turkey with an import gap of $1.31M.

See methodology.

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