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2023
Exports $330MWorld Rnk 12 / 176
Flag Rnk 43 / 1123
2023
Destination $4.08M Japan
2022 - 2023
FASTEST GROWING MARKET $4.08MPoland
2023
PRODUCT COMPLEXITY IN Processed Fish-1.39Rnk 925 / 1025
2023
Imports $57.6MWorld Rnk 53 / 224
Flag Rnk 315 / 1202
2023
Origin $9.67M China
2022 - 2023
FASTEST GROWING ORIGIN $9.67MThailand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $330M in Processed Fish, making it the 12th largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 43rd most exported product in Philippines. The main destination of Processed Fish exports from Philippines are: Japan ($62.6M), Germany ($44.9M), United States ($42.5M), Spain ($39.2M), and United Kingdom ($26.3M).

The fastest growing export markets for Processed Fish of Philippines between 2022 and 2023 were Poland ($4.08M), France ($3.27M), and Cyprus ($2.09M).

Imports In 2023, Philippines imported $57.6M in Processed Fish, becoming the 53rd largest importer of Processed Fish in the world. At the same year, Processed Fish was the 315th most imported product in Philippines. Philippines imports Processed Fish primarily from: China ($22.3M), Thailand ($17.9M), Vietnam ($4.62M), Indonesia ($4.01M), and Malaysia ($2.29M).

The fastest growing import markets in Processed Fish for Philippines between 2022 and 2023 were Thailand ($9.67M), Vietnam ($3.39M), and United States ($322k).

COMPANIES In 2023, leading companies such as Walong Marketing (2) were at the forefront of shipping Processed Fish from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Processed Fish exports accounted up to $44.2M and imports accounted up to $2.37M, resulting in a positive trade balance of $41.8M. Between July 2023 and July 2024 the exports of Philippines'   Processed Fish have increased by $15M (51.5%) from $29.2M to $44.2M, while imports decreased by $-475k (-16.7%) from $2.85M to $2.37M.

Destinations In July 2024, Processed Fish were exported mostly to Spain ($8.32M), Germany ($7.51M), Japan ($6.5M), United Kingdom ($5.11M), and Netherlands ($4.12M), and were imported mostly from Thailand ($894k), Malaysia ($456k), China ($394k), Vietnam ($297k), and Singapore ($95.1k).

Growth In July 2024, the increase in Processed Fish's year-by-year exports was explained primarily by an increase in exports to Germany ($3.48M or 126%), Japan ($1.77M or 55.6%), and Poland ($625k or 232%). In July 2024, the decrease in Processed Fish's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-52.8k or -98.8%), Malaysia ($-36.5k or -20.2%), and Chinese Taipei ($-22.2k or -52.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$15M(51.5%)
IMPORT GROWTH (July 2023 - July 2024)$-475k(-16.7%)
MAIN DESTINATION (July 2024)Spain$8.32M

This section shows Processed Fish'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 Processed Fish over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$330M
IMPORTS (2023)$57.6M
NET TRADE (2023)$272M

In 2023, Philippines exported $330M in Processed Fish. The main destinations of Philippines exports on Processed Fish were Japan ($62.6M), Germany ($44.9M), United States ($42.5M), Spain ($39.2M), and United Kingdom ($26.3M).

In 2023, Philippines imported $57.6M in Processed Fish, mainly from China ($22.3M), Thailand ($17.9M), Vietnam ($4.62M), Indonesia ($4.01M), and Malaysia ($2.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Poland$4.08M (99.4%)
France$3.27M (187%)
Cyprus$2.09M (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Philippines WERE (2022 - 2023):
Germany-$37.1M (-45.3%)
Spain-$14.9M (-27.5%)
Japan-$12.7M (-16.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Processed Fish were:
Thailand $2.97B
China $2.6B
Ecuador $1.37B
In 2023, Philippines's main importing competitors in Processed Fish were:
United States $2.1B
Japan $1.67B
Italy $1.5B

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20M
TOP IMPORT POTENTIALThailand+ $7.17M

Processed Fish’s highest export potential is United States. With an export gap of $20M.   Processed Fish’s highest import potential is Thailand with an import gap of $7.17M.

See methodology.

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