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2022
Exports $25.4MWorld Rnk 59 / 169
Flag Rnk 235 / 1127
2022
Destination $628k Japan
2021 - 2022
FASTEST GROWING MARKET $628kAustralia
2022
PRODUCT COMPLEXITY IN Crustaceans-1.97Rnk 999 / 1025
2022
Imports $25.5MWorld Rnk 53 / 217
Flag Rnk 528 / 1201
2022
Origin $8.67M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $8.67MVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $25.4M in Crustaceans, making it the 59th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 235th most exported product in Philippines. The main destination of Crustaceans exports from Philippines are: Japan ($9.19M), United States ($3.39M), France ($3.11M), Hong Kong ($3.08M), and South Korea ($1.7M).

The fastest growing export markets for Crustaceans of Philippines between 2021 and 2022 were Australia ($628k), France ($604k), and Malaysia ($393k).

Imports In 2022, Philippines imported $25.5M in Crustaceans, becoming the 53rd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 528th most imported product in Philippines. Philippines imports Crustaceans primarily from: Vietnam ($15.7M), China ($4.14M), United States ($3.42M), Canada ($818k), and Burma ($398k).

The fastest growing import markets in Crustaceans for Philippines between 2021 and 2022 were Vietnam ($8.67M), United States ($2.88M), and Canada ($783k).

COMPANIES In 2023, leading companies such as Chicken of the Sea (25) were at the forefront of shipping Crustaceans from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Crustaceans exports accounted up to $4.01M and imports accounted up to $2.82M, resulting in a positive trade balance of $1.19M. Between October 2023 and October 2024 the exports of Philippines'   Crustaceans have decreased by $-565k (-12.4%) from $4.58M to $4.01M, while imports increased by $105k (3.89%) from $2.71M to $2.82M.

Destinations In October 2024, Crustaceans were exported mostly to Hong Kong ($1.24M), China ($1.05M), Chinese Taipei ($684k), Guam ($261k), and United States ($234k), and were imported mostly from Vietnam ($1.89M), China ($508k), Canada ($308k), Burma ($72.5k), and Australia ($45.5k).

Growth In October 2024, the decrease in Crustaceans's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-293k or -66.2%) and Japan ($-248k or -38.8%). In October 2024, the increase in Crustaceans's year-by-year imports was explained primarily by an increase in imports from China ($461k or 150%) and Vietnam ($79.5k or 7.09%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-565k(-12.4%)
IMPORT GROWTH (October 2023 - October 2024)$105k(3.89%)
MAIN DESTINATION (October 2024)Hong Kong$1.24M

This section shows Crustaceans'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 Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.4M
IMPORTS (2022)$25.5M
NET TRADE (2022)-$104k

In 2022, Philippines exported $25.4M in Crustaceans. The main destinations of Philippines exports on Crustaceans were Japan ($9.19M), United States ($3.39M), France ($3.11M), Hong Kong ($3.08M), and South Korea ($1.7M).

In 2022, Philippines imported $25.5M in Crustaceans, mainly from Vietnam ($15.7M), China ($4.14M), United States ($3.42M), Canada ($818k), and Burma ($398k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Australia$628k (1%)
France$604k (24.1%)
Malaysia$393k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Philippines WERE (2021 - 2022):
Japan-$5.21M (-36.2%)
China-$2.48M (-63.9%)
South Korea-$1.48M (-46.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, Philippines's main importing competitors in Crustaceans were:
United States $9.1B
China $8.72B
Japan $2.16B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.8M
TOP IMPORT POTENTIALVietnam+ $4.36M

Crustaceans’s highest export potential is China. With an export gap of $11.8M.   Crustaceans’s highest import potential is Vietnam with an import gap of $4.36M.

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