Preparations of fish, crustacenas, & molluscs in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $658M in Preparations of fish, crustacenas, & molluscs, making it the 24th largest exporter of Preparations of fish, crustacenas, & molluscs in the world. At the same year, Preparations of fish, crustacenas, & molluscs was the 21st most exported product in Philippines. The main destination of Preparations of fish, crustacenas, & molluscs exports from Philippines are: United States ($157M), Japan ($83.1M), Germany ($79.7M), Spain ($53.5M), and United Kingdom ($35.9M).

The fastest growing export markets for Preparations of fish, crustacenas, & molluscs of Philippines between 2021 and 2022 were South Korea ($12.1M), United Kingdom ($9.38M), and Vietnam ($4.07M).

Imports In 2022, Philippines imported $403M in Preparations of fish, crustacenas, & molluscs, becoming the 31st largest importer of Preparations of fish, crustacenas, & molluscs in the world. At the same year, Preparations of fish, crustacenas, & molluscs was the 56th most imported product in Philippines. Philippines imports Preparations of fish, crustacenas, & molluscs primarily from: China ($211M), United States ($89.6M), Thailand ($28.1M), South Korea ($17.8M), and Denmark ($10.5M).

The fastest growing import markets in Preparations of fish, crustacenas, & molluscs for Philippines between 2021 and 2022 were United States ($17.6M), Thailand ($8.28M), and Brazil ($5.29M).

COMPANIES In 2023, leading companies such as Walong Marketing (2) and Wismettac Asian Foods (1) were at the forefront of shipping Preparations of fish, crustacenas, & molluscs from Philippines to the United States.

Latest Trends

June 2024

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Overview In June 2024 Philippines' Preparations of fish, crustacenas, & molluscs exports accounted up to $43.4M and imports accounted up to $6.01M, resulting in a positive trade balance of $37.4M. Between June 2023 and June 2024 the exports of Philippines' Preparations of fish, crustacenas, & molluscs have increased by $2.96M (7.31%) from $40.4M to $43.4M, while imports decreased by $-6.64M (-52.5%) from $12.6M to $6.01M.

Destinations In June 2024, Preparations of fish, crustacenas, & molluscs were exported mostly to Japan ($8.2M), United States ($6.92M), Germany ($6.49M), United Kingdom ($5.21M), and Spain ($4.67M), and were imported mostly from Thailand ($3.02M), Australia ($838k), United States ($801k), South Korea ($411k), and New Zealand ($339k).

Growth In June 2024, the increase in Preparations of fish, crustacenas, & molluscs's year-by-year exports was explained primarily by an increase in exports to Germany ($3.48M or 126%), Japan ($1.3M or 34.9%), and Poland ($625k or 232%). In June 2024, the decrease in Preparations of fish, crustacenas, & molluscs's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-337k or -99.8%), South Korea ($-36k or -40.8%), and Spain ($-30.8k or -76.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$2.96M(7.31%)

IMPORT GROWTH (June 2023 - June 2024)$-6.64M(-52.5%)

MAIN DESTINATION (June 2024)Japan$8.2M

This section shows Preparations of fish, crustacenas, & molluscs'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 Preparations of fish, crustacenas, & molluscs over time.

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