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2022
Exports $164MWorld Rnk 20 / 146
Flag Rnk 75 / 1127
2022
Destination $47.6M Thailand
2021 - 2022
FASTEST GROWING MARKET $47.6MThailand
2022
PRODUCT COMPLEXITY IN Processed Tobacco-0.82Rnk 782 / 1025
2022
Imports $59MWorld Rnk 41 / 212
Flag Rnk 356 / 1201
2022
Origin $23.1M Japan
2021 - 2022
FASTEST GROWING ORIGIN $23.1MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $164M in Processed Tobacco, making it the 20th largest exporter of Processed Tobacco in the world. At the same year, Processed Tobacco was the 75th most exported product in Philippines. The main destination of Processed Tobacco exports from Philippines are: Thailand ($61.1M), South Korea ($28.8M), India ($22.8M), Burma ($14.3M), and Indonesia ($12.2M).

The fastest growing export markets for Processed Tobacco of Philippines between 2021 and 2022 were Thailand ($47.6M), India ($9.11M), and Indonesia ($6.65M).

Imports In 2022, Philippines imported $59M in Processed Tobacco, becoming the 41st largest importer of Processed Tobacco in the world. At the same year, Processed Tobacco was the 356th most imported product in Philippines. Philippines imports Processed Tobacco primarily from: Japan ($24M), South Korea ($10.3M), Malaysia ($7.02M), Belgium ($4.02M), and Germany ($3.54M).

The fastest growing import markets in Processed Tobacco for Philippines between 2021 and 2022 were Japan ($23.1M), South Korea ($5.85M), and Belgium ($3.91M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Processed Tobacco exports accounted up to $5.82M and imports accounted up to $3.39M, resulting in a positive trade balance of $2.43M. Between June 2023 and June 2024 the exports of Philippines'   Processed Tobacco have decreased by $-8.53M (-59.4%) from $14.4M to $5.82M, while imports decreased by $-2.82M (-45.4%) from $6.21M to $3.39M.

Destinations In June 2024, Processed Tobacco were exported mostly to India ($2.39M), Burma ($1.31M), Indonesia ($1.17M), South Korea ($727k), and Vietnam ($129k), and were imported mostly from Japan ($1.26M), Russia ($1.1M), France ($902k), Chinese Taipei ($24.9k), and South Korea ($24.3k).

Growth In June 2024, the decrease in Processed Tobacco's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-8.24M or -92%), South Korea ($-1.87M or -68.2%), and India ($-63.3k or -5.06%). In June 2024, the decrease in Processed Tobacco's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-111k or -18.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-8.53M(-59.4%)
IMPORT GROWTH (June 2023 - June 2024)$-2.82M(-45.4%)
MAIN DESTINATION (June 2024)India$2.39M

This section shows Processed Tobacco'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 Processed Tobacco over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$164M
IMPORTS (2022)$59M
NET TRADE (2022)$105M

In 2022, Philippines exported $164M in Processed Tobacco. The main destinations of Philippines exports on Processed Tobacco were Thailand ($61.1M), South Korea ($28.8M), India ($22.8M), Burma ($14.3M), and Indonesia ($12.2M).

In 2022, Philippines imported $59M in Processed Tobacco, mainly from Japan ($24M), South Korea ($10.3M), Malaysia ($7.02M), Belgium ($4.02M), and Germany ($3.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Tobacco EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$47.6M (352%)
India$9.11M (66.7%)
Indonesia$6.65M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Tobacco BY Philippines WERE (2021 - 2022):
South Korea-$5.64M (-16.4%)
Russia-$3.69M (-100%)
Chinese Taipei-$1.6M (-20.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Processed Tobacco were:
Italy $1.93B
Germany $955M
Romania $949M
In 2022, Philippines's main importing competitors in Processed Tobacco were:
Japan $1.75B
Germany $727M
Poland $596M

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Trade Value of Processed Tobacco by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $1.17M
TOP IMPORT POTENTIALGermany+ $820k

Processed Tobacco’s highest export potential is Japan. With an export gap of $1.17M.   Processed Tobacco’s highest import potential is Germany with an import gap of $820k.

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