Animal and Vegetable Bi-Products in   Philippines

Overview In July 2024 Philippines' Animal and Vegetable Bi-Products exports accounted up to $222M and imports accounted up to $86.8M, resulting in a positive trade balance of $135M. Between July 2023 and July 2024 the exports of Philippines'   Animal and Vegetable Bi-Products have increased by $85.4M (62.5%) from $136M to $222M, while imports decreased by $-19.5M (-18.4%) from $106M to $86.8M.

Destinations In July 2024, Animal and Vegetable Bi-Products were exported mostly to United States ($53.6M), Netherlands ($52.7M), Italy ($23.2M), Malaysia ($22.1M), and Spain ($20.6M), and were imported mostly from Malaysia ($49.1M), Indonesia ($23M), Thailand ($3.69M), Australia ($1.98M), and Spain ($1.72M).

Growth In July 2024, the increase in Animal and Vegetable Bi-Products's year-by-year exports was explained primarily by an increase in exports to South Korea ($4.3M or 267%), Spain ($1.96M or 47.7%), and Canada ($596k or 289%). In July 2024, the decrease in Animal and Vegetable Bi-Products's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-27.8M or -46.1%), Malaysia ($-12.3M or -19.2%), and Thailand ($-2.84M or -57.6%).