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2022
Exports $1.74MWorld Rnk 121 / 178
Flag Rnk 92 / 96
2022
Destination $266k South Korea
2021 - 2022
FASTEST GROWING MARKET $266kMalaysia
2022
PRODUCT COMPLEXITY IN Raw hides & skin (non-fur)-0.66Rnk 745 / 1025
2022
Imports $148MWorld Rnk 30 / 200
Flag Rnk 71 / 96
2022
Origin $3.26M Italy
2021 - 2022
FASTEST GROWING ORIGIN $3.26MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.74M in Raw hides & skin (non-fur), making it the 121st largest exporter of Raw hides & skin (non-fur) in the world. At the same year, Raw hides & skin (non-fur) was the 92nd most exported product in Philippines. The main destination of Raw hides & skin (non-fur) exports from Philippines are: South Korea ($272k), Malaysia ($266k), Vietnam ($234k), China ($219k), and Italy ($212k).

The fastest growing export markets for Raw hides & skin (non-fur) of Philippines between 2021 and 2022 were Malaysia ($266k), Vietnam ($161k), and Italy ($135k).

Imports In 2022, Philippines imported $148M in Raw hides & skin (non-fur), becoming the 30th largest importer of Raw hides & skin (non-fur) in the world. At the same year, Raw hides & skin (non-fur) was the 71st most imported product in Philippines. Philippines imports Raw hides & skin (non-fur) primarily from: Italy ($35.7M), South Korea ($31.5M), China ($21.9M), Japan ($16.1M), and Vietnam ($12.8M).

The fastest growing import markets in Raw hides & skin (non-fur) for Philippines between 2021 and 2022 were Japan ($3.26M), Indonesia ($2.73M), and Italy ($2.35M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Raw hides & skin (non-fur) exports accounted up to $150k and imports accounted up to $6.1M, resulting in a negative trade balance of $5.95M. Between June 2023 and June 2024 the exports of Philippines'   Raw hides & skin (non-fur) have decreased by $-384k (-71.9%) from $533k to $150k, while imports decreased by $-4.12M (-40.3%) from $10.2M to $6.1M.

Destinations In June 2024, Raw hides & skin (non-fur) were exported mostly to Vietnam ($140k), South Korea ($5.89k), Japan ($1.64k), United States ($1.54k), and Italy ($368), and were imported mostly from Italy ($2.18M), South Korea ($1.11M), Japan ($723k), Vietnam ($521k), and Brazil ($409k).

Growth In June 2024, the decrease in Raw hides & skin (non-fur)'s year-by-year exports was explained primarily by a decrease in exports to China ($-8.97k or -89.6%). In June 2024, the decrease in Raw hides & skin (non-fur)'s year-by-year imports was explained primarily by a decrease in imports from China ($-1.29M or -25.1%), Hong Kong ($-520k or -99.3%), and Italy ($-456k or -20.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-384k(-71.9%)
IMPORT GROWTH (June 2023 - June 2024)$-4.12M(-40.3%)
MAIN DESTINATION (June 2024)Vietnam$140k

This section shows Raw hides & skin (non-fur)'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 Raw hides & skin (non-fur) over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.74M
IMPORTS (2022)$148M
NET TRADE (2022)-$146M

In 2022, Philippines exported $1.74M in Raw hides & skin (non-fur). The main destinations of Philippines exports on Raw hides & skin (non-fur) were South Korea ($272k), Malaysia ($266k), Vietnam ($234k), China ($219k), and Italy ($212k).

In 2022, Philippines imported $148M in Raw hides & skin (non-fur), mainly from Italy ($35.7M), South Korea ($31.5M), China ($21.9M), Japan ($16.1M), and Vietnam ($12.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw hides & skin (non-fur) EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$266k (1%)
Vietnam$161k (223%)
Italy$135k (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw hides & skin (non-fur) BY Philippines WERE (2021 - 2022):
China-$484k (-68.8%)
United States-$161k (-62.2%)
Hong Kong-$48k (-54.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Raw hides & skin (non-fur) were:
Italy $3.39B
United States $1.79B
Brazil $1.27B
In 2022, Philippines's main importing competitors in Raw hides & skin (non-fur) were:
China $2.76B
Italy $2.37B
Vietnam $1.54B

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Trade Value of Raw hides & skin (non-fur) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $222k
TOP IMPORT POTENTIALChina+ $5.2M

Raw hides & skin (non-fur)’s highest export potential is China. With an export gap of $222k.   Raw hides & skin (non-fur)’s highest import potential is China with an import gap of $5.2M.

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