Philippine wine imports by country totaled US$33.7 million in 2016, up by an overall 49.8% for all wine suppliers over the five-year period starting in 2012.
From 2015 to 2016, the value of Filipino imported wine slowed to a 1.8% uptick.
New World wines shipped from North America finished ahead of Old World wines imported into the Philippines from Europe. Imported wines from North America represented almost a third (32.7%) of all Filipino wine imports in 2016 compared to a quarter (25.5%) from Europe.
Lagging those top percentages were New World wines imported from Australia and New Zealand at 14.6%, as were imported wines from Asia (13.2%), Latin America minus Mexico but including the Caribbean (8.6%) and Africa (5.4%).
The 4-digit Harmonized Tariff System code prefix for fresh grape wine is 2204.
Philippines Wine Imports by Country
Below are the 15 countries that accounted for the highest dollar value worth of wine imported into the Philippines during 2016:
- United States: US$10.4 million (30.9% of imported Filipino wines)
- Australia: $4.4 million (13%)
- Singapore: $3.7 million (10.9%)
- France: $3.4 million (10.2%)
- Spain: $3.3 million (9.8%)
- Chile: $2 million (6%)
- South Africa: $1.8 million (5.4%)
- Italy: $942,000 (2.8%)
- Argentina: $871,000 (2.6%)
- Mexico: $591,000 (1.8%)
- New Zealand: $536,000 (1.6%)
- Hong Kong: $494,000 (1.5%)
- United Kingdom: $358,000 (1.1%)
- Portugal: $245,000 (0.7%)
- South Korea: $194,000 (0.6%)
The listed 15 countries shipped 98.8% of all wine imports involving the Philippines during 2016 by value.
Among the above wine exporters to the Philippines, the fastest-growing suppliers since 2012 were: South Africa (up 307.1%), Hong Kong (up 168.5%), France (up 133.2%) and Singapore (up 114%).
Philippines cut back on wine purchases from four of the top countries: Mexico (down -22.3%), Italy (down -12.9%), United Kingdom (down -7.5%) and Australia (down -2%).
Not being a major grape-harvesting nation, the Philippines exports very little wine. However, the Philippines did post positive net exports for wine during 2016 with the 3 trade partners listed below. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus that the Philippines earned. In other words, the difference between the value of Filipino wine exports and its import purchases for that same commodity.
Below are the 4 territories that provided the Philippines with its highest net exports of wine during 2016:
- United Arab Emirates: US$508,000 (net export surplus up 5,544% since 2012)
- North Korea: $101,000 (no data in 2012)
- Taiwan: $40,000 (up 471.4%)
- Vietnam: $1,000 (down -99.3%)
The United Arab Emirates propelled the Philippines to its highest surplus win in the international trade of wine in 2016. This positive cashflow confirms the Philippines competitive advantage trading this specific product category with the UAE–as it does for the other listed trade partners.
The Philippines experienced the highest negative net exports for wine trading with the following countries during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of Filipino wine import purchases and its exports for that same commodity.
- United States: US-$10.4 million (net export deficit up 68% since 2012)
- Australia: -$4.4 million (down -2%)
- Singapore: -$3.7 million (up 113.5%)
- France: -$3.4 million (up 129.9%)
- Spain: -$3.3 million (up 3.2%)
- Chile: -$2 million (up 30.9%)
- South Africa: -$1.8 million (up 307.1%)
- Italy: -$942,000 (down -12.9%)
- Argentina: -$871,000 (up 83%)
- Mexico: -$591,000 (down -27.7%)
- New Zealand: -$536,000 (up 2.9%)
- United Kingdom: -$358,000 (down -7.5%)
- Portugal: -$245,000 (up 71.3%)
- South Korea: -$153,000 (down -3.8%)
- Switzerland: -$149,000 (down -3.2%)
America is the most potent surplus driver for the Philippines when it comes to the international trade of wine. In turn, this negative cashflow highlights the competitive disadvantages the Philippines have for this specific product category. However, it also signals opportunities for wine-supplying countries that help satisfy the powerful demand among Filipino consumers.
Consider Canada which shipped only $11,000 worth of wine to the Philippines in 2016. While those trade results are disappointing, Canadian vinters are positioned to take advantage of the growing Philippine demand for imported wine.