28 February 2018
Published also in Business Mirror
The total untapped export potential of chocolate and other cocoa-food preparations stands at $3.4 billion.
The markets with greatest potential for world’s exports of chocolate and other cocoa-food preparations are the US, Germany and France. The US shows the largest absolute difference between potential and actual exports in value terms, leaving room to realize additional exports worth $475.9 million.
The markets with greatest potential for Philippines’s exports of ornamental plants, excluding flowers and buds, are Japan, the Netherlands and the US. Japan shows the largest absolute difference between potential and actual exports in value terms, leaving room to realize additional exports worth $2.7 million.
The Philippines’s best options for export diversification to the world are smoked sheets of natural rubber, nanioc starch and single yarn of jute. The Philippines finds single yarn of jute easiest to reach. Other footwear, rubber or plastic soles and uppers are the products that face the strongest demand potential in the world.