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2022
Exports $2.12MWorld Rnk 51 / 118
Flag Rnk 519 / 1127
2022
Destination $1.26M Chile
2021 - 2022
FASTEST GROWING MARKET $1.26MChile
2022
PRODUCT COMPLEXITY IN Fish oil-1.83Rnk 985 / 1025
2022
Imports $3.35MWorld Rnk 51 / 171
Flag Rnk 871 / 1201
2022
Origin $480k United States
2021 - 2022
FASTEST GROWING ORIGIN $480kUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.12M in Fish oil, making it the 51st largest exporter of Fish oil in the world. At the same year, Fish oil was the 519th most exported product in Philippines. The main destination of Fish oil exports from Philippines are: Chile ($1.26M), Ecuador ($406k), Spain ($241k), South Korea ($112k), and Australia ($39.4k).

The fastest growing export markets for Fish oil of Philippines between 2021 and 2022 were Chile ($1.26M), Ecuador ($406k), and Spain ($241k).

Imports In 2022, Philippines imported $3.35M in Fish oil, becoming the 51st largest importer of Fish oil in the world. At the same year, Fish oil was the 871st most imported product in Philippines. Philippines imports Fish oil primarily from: United States ($1.17M), Switzerland ($1.06M), Chile ($340k), India ($336k), and Denmark ($139k).

The fastest growing import markets in Fish oil for Philippines between 2021 and 2022 were United States ($480k), India ($336k), and Denmark ($139k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Fish oil exports accounted up to $1.51M and imports accounted up to $376k, resulting in a positive trade balance of $1.13M. Between June 2023 and June 2024 the exports of Philippines'   Fish oil have increased by $621k (70.1%) from $886k to $1.51M, while imports decreased by $-99.9k (-21%) from $476k to $376k.

Destinations In June 2024, Fish oil were exported mostly to Spain ($994k), Ecuador ($308k), Malaysia ($107k), and South Korea ($98.3k), and were imported mostly from Switzerland ($232k), United States ($59.8k), Chile ($55.9k), and Japan ($29.1k).

Growth In June 2024, the increase in Fish oil's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Fish oil's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-60.6k or -44.5%) and Japan ($-9k or -37.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$621k(70.1%)
IMPORT GROWTH (April 2023 - June 2024)$-99.9k(-21%)
MAIN DESTINATION (June 2024)Spain$994k

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.12M
IMPORTS (2022)$3.35M
NET TRADE (2022)-$1.23M

In 2022, Philippines exported $2.12M in Fish oil. The main destinations of Philippines exports on Fish oil were Chile ($1.26M), Ecuador ($406k), Spain ($241k), South Korea ($112k), and Australia ($39.4k).

In 2022, Philippines imported $3.35M in Fish oil, mainly from United States ($1.17M), Switzerland ($1.06M), Chile ($340k), India ($336k), and Denmark ($139k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chile$1.26M (1%)
Ecuador$406k (1%)
Spain$241k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Philippines WERE (2021 - 2022):
Peru-$6.77M (-99.9%)
Japan-$516k (-100%)
Malaysia-$488k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Fish oil were:
Peru $556M
Norway $253M
Chile $249M
In 2022, Philippines's main importing competitors in Fish oil were:
Norway $563M
China $258M
Denmark $232M

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $74k
TOP IMPORT POTENTIALIndia+ $222k

Fish oil’s highest export potential is South Korea. With an export gap of $74k.   Fish oil’s highest import potential is India with an import gap of $222k.

See methodology.

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