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2022
Exports $53.9MWorld Rnk 43 / 195
Flag Rnk 163 / 1127
2022
Destination $2.38M China
2021 - 2022
FASTEST GROWING MARKET $2.38MMalaysia
2022
PRODUCT COMPLEXITY IN Confectionery Sugar-0.72Rnk 763 / 1025
2022
Imports $185MWorld Rnk 17 / 224
Flag Rnk 164 / 1201
2022
Origin $6.62M China
2021 - 2022
FASTEST GROWING ORIGIN $6.62MVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $53.9M in Confectionery Sugar, making it the 43rd largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 163rd most exported product in Philippines. The main destination of Confectionery Sugar exports from Philippines are: China ($11.5M), Vietnam ($11.4M), Malaysia ($5.57M), Thailand ($4.9M), and Japan ($3.07M).

The fastest growing export markets for Confectionery Sugar of Philippines between 2021 and 2022 were Malaysia ($2.38M), Vietnam ($2.1M), and Papua New Guinea ($1.03M).

Imports In 2022, Philippines imported $185M in Confectionery Sugar, becoming the 17th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 164th most imported product in Philippines. Philippines imports Confectionery Sugar primarily from: China ($123M), Indonesia ($18.1M), Vietnam ($16.7M), United States ($7.95M), and Thailand ($4.44M).

The fastest growing import markets in Confectionery Sugar for Philippines between 2021 and 2022 were Vietnam ($6.62M), United States ($5.09M), and Indonesia ($1.74M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Confectionery Sugar exports accounted up to $3.57M and imports accounted up to $3.8M, resulting in a negative trade balance of $229k. Between June 2023 and June 2024 the exports of Philippines'   Confectionery Sugar have decreased by $-1.44M (-28.7%) from $5.01M to $3.57M, while imports decreased by $-5.88M (-60.7%) from $9.68M to $3.8M.

Destinations In June 2024, Confectionery Sugar were exported mostly to Vietnam ($1.33M), China ($351k), Chinese Taipei ($339k), United States ($273k), and United Kingdom ($206k), and were imported mostly from Vietnam ($1.51M), India ($560k), Thailand ($542k), Switzerland ($433k), and United States ($94.5k).

Growth In June 2024, the decrease in Confectionery Sugar's year-by-year exports was explained primarily by a decrease in exports to China ($-644k or -75.6%), Papua New Guinea ($-179k or -99.5%), and Thailand ($-80k or -15.4%). In June 2024, the decrease in Confectionery Sugar's year-by-year imports was explained primarily by a decrease in imports from India ($-192k or -39.2%), Spain ($-18.5k or -33.8%), and Germany ($-7.07k or -33.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.44M(-28.7%)
IMPORT GROWTH (June 2023 - June 2024)$-5.88M(-60.7%)
MAIN DESTINATION (June 2024)Vietnam$1.33M

This section shows Confectionery Sugar'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 Confectionery Sugar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$53.9M
IMPORTS (2022)$185M
NET TRADE (2022)-$131M

In 2022, Philippines exported $53.9M in Confectionery Sugar. The main destinations of Philippines exports on Confectionery Sugar were China ($11.5M), Vietnam ($11.4M), Malaysia ($5.57M), Thailand ($4.9M), and Japan ($3.07M).

In 2022, Philippines imported $185M in Confectionery Sugar, mainly from China ($123M), Indonesia ($18.1M), Vietnam ($16.7M), United States ($7.95M), and Thailand ($4.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$2.38M (74.7%)
Vietnam$2.1M (22.5%)
Papua New Guinea$1.03M (86.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Philippines WERE (2021 - 2022):
China-$1.61M (-12.2%)
Saudi Arabia-$725k (-81.2%)
United Kingdom-$705k (-30.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Confectionery Sugar were:
Germany $1.76B
China $1.38B
Mexico $1.12B
In 2022, Philippines's main importing competitors in Confectionery Sugar were:
United States $3.01B
Germany $834M
United Kingdom $736M

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.07M
TOP IMPORT POTENTIALGermany+ $2.7M

Confectionery Sugar’s highest export potential is China. With an export gap of $3.07M.   Confectionery Sugar’s highest import potential is Germany with an import gap of $2.7M.

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