Philippines | Imports and Exports | World | Butter, dairy spreads | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 0405 "Butter and other fats and oils derived from milk; dairy spreads." from Philippines totalled $ 2.38 million in 2023. Sales of commodity group 0405 from Philippines decreased by 21% in value terms compared to 2022. exports of commodity group 0405 "Butter and other fats and oils derived from milk; dairy spreads." decreased by $ 650 thousand (cumulative exports of commodity group 0405 from Philippines amounted $3.03 million in 2022)
Exports of commodity group 0405 "Butter and other fats and oils derived from milk; dairy spreads." amounted to 0.003% of total exports from Philippines (cumulative merchandise exports from Philippines totalled $ 72 billion in 2023). The share of commodity group 0405 in total exports from Philippines decreased by 0 p.p. compared to 2022 (it was 0.003% in 2022 and cumulative exports from Philippines were equal to $ 78 billion).
Exports of commodity group 0405 amounted to 12% of total sales of group "" from Philippines in 2023 (the value of exports of commodity group from Philippines amounted to $19.7 million in 2023). The share of exports of commodity group 0405 in sales of commodity group from Philippines increased by 6.06 p.p. compared to 2022 (it was 5.96% in 2022, and exports of commodity group from Philippines were $50 million).
Where does Philippines export Butter and other fats and oils derived from milk; dairy spreads.?
Top export destinations of "Butter and other fats and oils derived from milk; dairy spreads." from Philippines in 2023:
- Malaysia with a share of 31% (745 thousand US$)
- USA with a share of 16.7% (397 thousand US$)
- United Arab Emirates with a share of 15.4% (367 thousand US$)
- China with a share of 7.63% (181 thousand US$)
- Australia with a share of 5.46% (130 thousand US$)
- Saudi Arabia with a share of 4.78% (114 thousand US$)
- Korea with a share of 4.18% (99 thousand US$)
- Canada with a share of 3.92% (93 thousand US$)
- Belgium with a share of 3.45% (82 thousand US$)
- New Zealand with a share of 1.91% (45 thousand US$)
Exports structure of 0405 - Butter and other fats and oils derived from milk; dairy spreads. - from Philippines in 2023 represented by the following main commodity groups:
- 62% (1.48 million US$): 040520 - Dairy spreads
- 23% (563 thousand US$): 040510 - Butter
- 14% (334 thousand US$): 040590 - Fats & oils derived from milk, other than butter & dairy spreads
The value of imports of commodity group 0405 "Butter and other fats and oils derived from milk; dairy spreads." to Philippines totalled $ 143 million in 2023. Sales of commodity group 0405 to Philippines decreased by 17.7% in value terms compared to 2022. imports of commodity group 0405 "Butter and other fats and oils derived from milk; dairy spreads." decreased by $ 30 million (the value of imports of commodity group 0405 to Philippines was equal to $174 million in 2022)
Imports of commodity group 0405 "Butter and other fats and oils derived from milk; dairy spreads." accounted for 0.107% of total import flow to Philippines (in 2023, total imports to Philippines amounted to $ 133 billion). The share of commodity group 0405 in total imports to Philippines decreased by 0.012 p.p. compared to 2022 (it was 0.119% in 2022 and cumulative imports to Philippines were equal to $ 145 billion).
Imports of commodity group 0405 reached 11.1% of total imports of group "" to Philippines in 2023 (imports of commodity group to Philippines totalled $1.28 billion in 2023). The share of purchases of commodity group 0405 in total imports of commodity group to Philippines increased by 0.443 p.p. compared to 2022 (it was 10.7% in 2022, and imports of commodity group to Philippines accounted for $1.62 billion).
Where does Philippines import Butter and other fats and oils derived from milk; dairy spreads. from?
Top trading partners (import of "Butter and other fats and oils derived from milk; dairy spreads.") of Philippines in 2023:
- New Zealand with a share of 86% (124 million US$)
- China with a share of 3.19% (4.57 million US$)
- France with a share of 1.74% (2.49 million US$)
- Denmark with a share of 1.69% (2.42 million US$)
- Australia with a share of 1.56% (2.23 million US$)
- Thailand - 1.29 million US$
- Belgium - 1.12 million US$
- Romania - 1.01 million US$
- Argentina - 814 thousand US$
- Singapore - 805 thousand US$
Imports structure of 0405 - Butter and other fats and oils derived from milk; dairy spreads. - to Philippines in 2023 represented by the following main commodity groups:
- 75% (107 million US$): 040590 - Fats & oils derived from milk, other than butter & dairy spreads
- 24% (35 million US$): 040510 - Butter
- 0.002% (3.87 thousand US$): 040520 - Dairy spreads
