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2022
Exports $5.4MWorld Rnk 88 / 189
Flag Rnk 404 / 1127
2022
Destination $831k South Korea
2021 - 2022
FASTEST GROWING MARKET $831kSouth Korea
2022
PRODUCT COMPLEXITY IN Animal Food-0.27Rnk 637 / 1025
2022
Imports $562MWorld Rnk 22 / 223
Flag Rnk 63 / 1201
2022
Origin $36.7M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $36.7MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $5.4M in Animal Food, making it the 88th largest exporter of Animal Food in the world. At the same year, Animal Food was the 404th most exported product in Philippines. The main destination of Animal Food exports from Philippines are: South Korea ($2.02M), Vietnam ($1.12M), Bangladesh ($769k), Cambodia ($414k), and Northern Mariana Islands ($311k).

The fastest growing export markets for Animal Food of Philippines between 2021 and 2022 were South Korea ($831k), Bangladesh ($690k), and Vietnam ($538k).

Imports In 2022, Philippines imported $562M in Animal Food, becoming the 22nd largest importer of Animal Food in the world. At the same year, Animal Food was the 63rd most imported product in Philippines. Philippines imports Animal Food primarily from: Thailand ($120M), United States ($99.7M), China ($97M), Vietnam ($37.2M), and Italy ($33.3M).

The fastest growing import markets in Animal Food for Philippines between 2021 and 2022 were China ($36.7M), Thailand ($32.9M), and United States ($9.45M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Animal Food exports accounted up to $780k and imports accounted up to $44.4M, resulting in a negative trade balance of $43.6M. Between August 2023 and August 2024 the exports of Philippines'   Animal Food have increased by $321k (69.8%) from $460k to $780k, while imports increased by $3.72M (9.15%) from $40.7M to $44.4M.

Destinations In August 2024, Animal Food were exported mostly to Cambodia ($497k), Vietnam ($67.9k), Guam ($62.2k), South Korea ($61.2k), and Northern Mariana Islands ($49.6k), and were imported mostly from Thailand ($9.69M), United States ($7.75M), China ($7.27M), Vietnam ($3.01M), and Singapore ($2.38M).

Growth In August 2024, the increase in Animal Food's year-by-year exports was explained primarily by an increase in exports to Vietnam ($10.7k or 16.9%) and Timor-Leste ($9.95k or 175%). In August 2024, the increase in Animal Food's year-by-year imports was explained primarily by an increase in imports from Thailand ($2.46M or 31.6%), Australia ($1.24M or 75.9%), and China ($1.09M or 14.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$321k(69.8%)
IMPORT GROWTH (August 2023 - August 2024)$3.72M(9.15%)
MAIN DESTINATION (August 2024)Cambodia$497k

This section shows Animal Food'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 Animal Food over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.4M
IMPORTS (2022)$562M
NET TRADE (2022)-$557M

In 2022, Philippines exported $5.4M in Animal Food. The main destinations of Philippines exports on Animal Food were South Korea ($2.02M), Vietnam ($1.12M), Bangladesh ($769k), Cambodia ($414k), and Northern Mariana Islands ($311k).

In 2022, Philippines imported $562M in Animal Food, mainly from Thailand ($120M), United States ($99.7M), China ($97M), Vietnam ($37.2M), and Italy ($33.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Food EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$831k (69.9%)
Bangladesh$690k (872%)
Vietnam$538k (92.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Food BY Philippines WERE (2021 - 2022):
India-$626k (-100%)
Thailand-$149k (-63.2%)
Chinese Taipei-$93.9k (-82%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Animal Food were:
Germany $4.76B
Netherlands $4.41B
United States $4.34B
In 2022, Philippines's main importing competitors in Animal Food were:
Germany $3.39B
United States $3.02B
Netherlands $1.95B

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Trade Value of Animal Food by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $835k
TOP IMPORT POTENTIALChina+ $23.9M

Animal Food’s highest export potential is South Korea. With an export gap of $835k.   Animal Food’s highest import potential is China with an import gap of $23.9M.

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