Spices in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $1.96M in Spices, making it the 79th largest exporter of Spices in the world. At the same year, Spices was the 531st most exported product in Philippines. The main destination of Spices exports from Philippines are: Canada ($613k), United States ($316k), Singapore ($237k), United Arab Emirates ($222k), and Qatar ($188k).

The fastest growing export markets for Spices of Philippines between 2021 and 2022 were Canada ($279k), United Arab Emirates ($98.6k), and Turkey ($38.9k).

Imports In 2022, Philippines imported $11.6M in Spices, becoming the 49th largest importer of Spices in the world. At the same year, Spices was the 690th most imported product in Philippines. Philippines imports Spices primarily from: China ($4.68M), India ($1.67M), United States ($1.3M), Turkey ($1.12M), and Vietnam ($606k).

The fastest growing import markets in Spices for Philippines between 2021 and 2022 were United States ($651k), Singapore ($227k), and Australia ($175k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Spices from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Spices exports accounted up to $14.2k and imports accounted up to $2.39M, resulting in a negative trade balance of $2.38M. Between July 2020 and August 2021 the exports of Philippines' Spices have increased by $11.1k (360%) from $3.09k to $14.2k, while imports increased by $533k (28.7%) from $1.86M to $2.39M.

Destinations In August 2021, Spices were exported mostly to United Arab Emirates ($8.32k), Malaysia ($5.01k), Hong Kong ($746), and New Zealand ($146), and were imported mostly from China ($2.09M), India ($109k), Turkey ($60.1k), Spain ($29.9k), and Vietnam ($28.8k).

Growth In August 2021, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to . In August 2021, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from India ($60.4k or 133%), Turkey ($59.9k or 123%), and Vietnam ($42.2k or 224%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2020 - August 2021)$11.1k(360%)

IMPORT GROWTH (August 2020 - August 2021)$533k(28.7%)

MAIN DESTINATION (August 2021)United Arab Emirates$8.32k

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.96M

IMPORTS (2022)$11.6M

NET TRADE (2022)-$9.63M

In 2022, Philippines exported $1.96M in Spices. The main destinations of Philippines exports on Spices were Canada ($613k), United States ($316k), Singapore ($237k), United Arab Emirates ($222k), and Qatar ($188k).

In 2022, Philippines imported $11.6M in Spices, mainly from China ($4.68M), India ($1.67M), United States ($1.3M), Turkey ($1.12M), and Vietnam ($606k).

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