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Pricing

2022
Exports $2.06MWorld Rnk 64 / 148
Flag Rnk 528 / 1127
2022
Destination $1.24M Indonesia
2021 - 2022
FASTEST GROWING MARKET $1.24MIndonesia
2022
PRODUCT COMPLEXITY IN Butter0.015Rnk 543 / 1025
2022
Imports $167MWorld Rnk 17 / 220
Flag Rnk 181 / 1201
2022
Origin $13.6M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $13.6MNew Zealand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.06M in Butter, making it the 64th largest exporter of Butter in the world. At the same year, Butter was the 528th most exported product in Philippines. The main destination of Butter exports from Philippines are: Indonesia ($1.82M), United States ($74.8k), United Arab Emirates ($73.7k), Kuwait ($44.9k), and South Korea ($14k).

The fastest growing export markets for Butter of Philippines between 2021 and 2022 were Indonesia ($1.24M), United States ($59.6k), and Kuwait ($34.2k).

Imports In 2022, Philippines imported $167M in Butter, becoming the 17th largest importer of Butter in the world. At the same year, Butter was the 181st most imported product in Philippines. Philippines imports Butter primarily from: New Zealand ($144M), China ($5.57M), Vietnam ($3.81M), France ($1.89M), and Denmark ($1.71M).

The fastest growing import markets in Butter for Philippines between 2021 and 2022 were New Zealand ($13.6M), Vietnam ($3.81M), and China ($2.39M).

Latest Trends

December 2023

About

Overview In December 2023 Philippines' Butter exports accounted up to $192k and imports accounted up to $9.64M, resulting in a negative trade balance of $9.45M. Between December 2022 and December 2023 the exports of Philippines'   Butter have increased by $116k (153%) from $75.9k to $192k, while imports increased by $392k (4.24%) from $9.25M to $9.64M.

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

Growth In December 2023, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to Malaysia ($7.87k or 11.2%) and South Korea ($2.97k or 9.57%). In December 2023, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from New Zealand ($1.21M or 16.7%), China ($622k or 314%), and France ($425k or 1k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$116k(153%)
IMPORT GROWTH (December 2022 - December 2023)$392k(4.24%)
MAIN DESTINATION (December 2023)

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.06M
IMPORTS (2022)$167M
NET TRADE (2022)-$165M

In 2022, Philippines exported $2.06M in Butter. The main destinations of Philippines exports on Butter were Indonesia ($1.82M), United States ($74.8k), United Arab Emirates ($73.7k), Kuwait ($44.9k), and South Korea ($14k).

In 2022, Philippines imported $167M in Butter, mainly from New Zealand ($144M), China ($5.57M), Vietnam ($3.81M), France ($1.89M), and Denmark ($1.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$1.24M (213%)
United States$59.6k (390%)
Kuwait$34.2k (321%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Philippines WERE (2021 - 2022):
Singapore-$135k (-100%)
Malaysia-$39.3k (-100%)
Hong Kong-$9.34k (-86.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Butter were:
New Zealand $2.78B
Netherlands $2.03B
Ireland $1.46B
In 2022, Philippines's main importing competitors in Butter were:
France $1.53B
Netherlands $1.04B
Germany $987M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $123k
TOP IMPORT POTENTIALNetherlands+ $2.86M

Butter’s highest export potential is United States. With an export gap of $123k.   Butter’s highest import potential is Netherlands with an import gap of $2.86M.

See methodology.

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