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2022
Exports $274kWorld Rnk 67 / 117
Flag Rnk 744 / 1127
2022
Destination $25.9k Singapore
2021 - 2022
FASTEST GROWING MARKET $25.9kVietnam
2022
PRODUCT COMPLEXITY IN Whey and other milk products0.4Rnk 408 / 1025
2022
Imports $128MWorld Rnk 13 / 198
Flag Rnk 220 / 1201
2022
Origin $8.39M United States
2021 - 2022
FASTEST GROWING ORIGIN $8.39MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $274k in Whey and other milk products, making it the 67th largest exporter of Whey and other milk products in the world. At the same year, Whey and other milk products was the 744th most exported product in Philippines. The main destination of Whey and other milk products exports from Philippines are: Singapore ($176k), Vietnam ($44.6k), United States ($28.9k), United Arab Emirates ($10.6k), and Thailand ($8.97k).

The fastest growing export markets for Whey and other milk products of Philippines between 2021 and 2022 were Vietnam ($25.9k), United States ($11.1k), and Thailand ($5.78k).

Imports In 2022, Philippines imported $128M in Whey and other milk products, becoming the 13th largest importer of Whey and other milk products in the world. At the same year, Whey and other milk products was the 220th most imported product in Philippines. Philippines imports Whey and other milk products primarily from: United States ($51.2M), France ($15.6M), Canada ($7.92M), Belarus ($7.64M), and Poland ($6.51M).

The fastest growing import markets in Whey and other milk products for Philippines between 2021 and 2022 were United States ($8.39M), Belgium ($3.98M), and Argentina ($3.04M).

Latest Trends

December 2023

About

Overview In December 2023 Philippines' Whey and other milk products exports accounted up to $2.97k and imports accounted up to $6.1M, resulting in a negative trade balance of $6.09M. Between November 2022 and December 2023 the exports of Philippines'   Whey and other milk products have decreased by $-28.9k (-90.7%) from $31.9k to $2.97k, while imports decreased by $-974k (-13.8%) from $7.07M to $6.1M.

Destinations In December 2023, Whey and other milk products were exported mostly to , and were imported mostly from .

Growth In December 2023, the decrease in Whey and other milk products's year-by-year exports was explained primarily by a decrease in exports to . In December 2023, the decrease in Whey and other milk products's year-by-year imports was explained primarily by a decrease in imports from France ($-1.73M or -80.4%) and Germany ($-223k or -88.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - December 2023)$-28.9k(-90.7%)
IMPORT GROWTH (December 2022 - December 2023)$-974k(-13.8%)
MAIN DESTINATION (December 2023)

This section shows Whey and other milk products'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 Whey and other milk products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$274k
IMPORTS (2022)$128M
NET TRADE (2022)-$127M

In 2022, Philippines exported $274k in Whey and other milk products. The main destinations of Philippines exports on Whey and other milk products were Singapore ($176k), Vietnam ($44.6k), United States ($28.9k), United Arab Emirates ($10.6k), and Thailand ($8.97k).

In 2022, Philippines imported $128M in Whey and other milk products, mainly from United States ($51.2M), France ($15.6M), Canada ($7.92M), Belarus ($7.64M), and Poland ($6.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Whey and other milk products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$25.9k (138%)
United States$11.1k (62.8%)
Thailand$5.78k (181%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Whey and other milk products BY Philippines WERE (2021 - 2022):
Singapore-$557k (-76%)
Saudi Arabia-$11k (-100%)
Malaysia-$3.53k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Whey and other milk products were:
United States $1.06B
Germany $786M
Netherlands $654M
In 2022, Philippines's main importing competitors in Whey and other milk products were:
China $1.01B
Netherlands $656M
Germany $366M

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Trade Value of Whey and other milk products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $59.2k
TOP IMPORT POTENTIALNew Zealand+ $2.12M

Whey and other milk products’s highest export potential is United States. With an export gap of $59.2k.   Whey and other milk products’s highest import potential is New Zealand with an import gap of $2.12M.

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