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2022
Exports $817kWorld Rnk 67 / 152
Flag Rnk 624 / 1127
2022
Destination $207k United States
2021 - 2022
FASTEST GROWING MARKET $207kUnited States
2022
PRODUCT COMPLEXITY IN Starches-0.6Rnk 726 / 1025
2022
Imports $156MWorld Rnk 10 / 216
Flag Rnk 187 / 1201
2022
Origin $25.5M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $25.5MThailand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $817k in Starches, making it the 67th largest exporter of Starches in the world. At the same year, Starches was the 624th most exported product in Philippines. The main destination of Starches exports from Philippines are: United States ($283k), Thailand ($209k), Vietnam ($124k), Fiji ($93.6k), and United Kingdom ($70.6k).

The fastest growing export markets for Starches of Philippines between 2021 and 2022 were United States ($207k), Fiji ($93.6k), and Vietnam ($79.3k).

Imports In 2022, Philippines imported $156M in Starches, becoming the 10th largest importer of Starches in the world. At the same year, Starches was the 187th most imported product in Philippines. Philippines imports Starches primarily from: Thailand ($68.4M), China ($26.2M), Indonesia ($24.4M), Vietnam ($14.3M), and Denmark ($7.23M).

The fastest growing import markets in Starches for Philippines between 2021 and 2022 were Thailand ($25.5M), Vietnam ($11M), and Denmark ($3.1M).

COMPANIES In 2023, leading companies such as Walong Marketing (2) were at the forefront of shipping Starches from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Starches exports accounted up to $45.8k and imports accounted up to $7.76M, resulting in a negative trade balance of $7.71M. Between June 2023 and June 2024 the exports of Philippines'   Starches have increased by $23k (100%) from $22.9k to $45.8k, while imports decreased by $-2.44M (-24%) from $10.2M to $7.76M.

Destinations In June 2024, Starches were exported mostly to Thailand ($29.5k), Vietnam ($15.9k), and Papua New Guinea ($396), and were imported mostly from Thailand ($5.42M), Denmark ($861k), Germany ($501k), Vietnam ($221k), and Netherlands ($203k).

Growth In June 2024, the increase in Starches's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Starches's year-by-year imports was explained primarily by a decrease in imports from Chile ($-130k or -55.3%), Australia ($-92.8k or -60.3%), and Chinese Taipei ($-27.3k or -81.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$23k(100%)
IMPORT GROWTH (June 2023 - June 2024)$-2.44M(-24%)
MAIN DESTINATION (June 2024)Thailand$29.5k

This section shows Starches'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 Starches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$817k
IMPORTS (2022)$156M
NET TRADE (2022)-$155M

In 2022, Philippines exported $817k in Starches. The main destinations of Philippines exports on Starches were United States ($283k), Thailand ($209k), Vietnam ($124k), Fiji ($93.6k), and United Kingdom ($70.6k).

In 2022, Philippines imported $156M in Starches, mainly from Thailand ($68.4M), China ($26.2M), Indonesia ($24.4M), Vietnam ($14.3M), and Denmark ($7.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Starches EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$207k (275%)
Fiji$93.6k (1%)
Vietnam$79.3k (179%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Starches BY Philippines WERE (2021 - 2022):
Spain-$35.7k (-100%)
United Kingdom-$31k (-30.5%)
United Arab Emirates-$12.8k (-94%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Starches were:
Thailand $1.84B
Vietnam $1.15B
Germany $469M
In 2022, Philippines's main importing competitors in Starches were:
China $2.35B
United States $462M
Germany $367M

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Trade Value of Starches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $241k
TOP IMPORT POTENTIALVietnam+ $7.37M

Starches’s highest export potential is United States. With an export gap of $241k.   Starches’s highest import potential is Vietnam with an import gap of $7.37M.

See methodology.

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