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2023
Exports $266kWorld Rnk 35 / 84
Flag Rnk 729 / 1123
2023
Destination $10k Canada
2022 - 2023
FASTEST GROWING MARKET $10kBahrain
2023
Imports $2.97MWorld Rnk 21 / 148
Flag Rnk 866 / 1202
2023
Origin $69.1k Thailand
2022 - 2023
FASTEST GROWING ORIGIN $69.1kThailand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $266k in Animal Extracts, making it the 35th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 729th most exported product in Philippines. The main destination of Animal Extracts exports from Philippines are: Canada ($93.8k), Netherlands ($37k), United Kingdom ($23.9k), Italy ($18.5k), and Qatar ($18.4k).

The fastest growing export markets for Animal Extracts of Philippines between 2022 and 2023 were Bahrain ($10k), Italy ($8.34k), and United Arab Emirates ($5.1k).

Imports In 2023, Philippines imported $2.97M in Animal Extracts, becoming the 21st largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 866th most imported product in Philippines. Philippines imports Animal Extracts primarily from: Thailand ($2.24M), China ($307k), United States ($135k), Brazil ($62.4k), and Vietnam ($57.2k).

The fastest growing import markets in Animal Extracts for Philippines between 2022 and 2023 were Thailand ($69.1k), United States ($56.6k), and France ($35.7k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Animal Extracts exports accounted up to $19.2k and imports accounted up to $233k, resulting in a negative trade balance of $214k. Between June 2023 and July 2024 the exports of Philippines'   Animal Extracts have increased by $16.2k (532%) from $3.04k to $19.2k, while imports decreased by $-150k (-39.1%) from $383k to $233k.

Destinations In July 2024, Animal Extracts were exported mostly to Netherlands ($14.7k), United Arab Emirates ($2.54k), Japan ($1.24k), and Cambodia ($744), and were imported mostly from Thailand ($188k), China ($41k), Malaysia ($3.88k), and Spain ($351).

Growth In July 2024, the increase in Animal Extracts's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Animal Extracts's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-10.8k or -7.03%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$16.2k(532%)
IMPORT GROWTH (July 2023 - July 2024)$-150k(-39.1%)
MAIN DESTINATION (July 2024)Netherlands$14.7k

This section shows Animal Extracts'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 Animal Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$266k
IMPORTS (2023)$2.97M
NET TRADE (2023)-$2.7M

In 2023, Philippines exported $266k in Animal Extracts. The main destinations of Philippines exports on Animal Extracts were Canada ($93.8k), Netherlands ($37k), United Kingdom ($23.9k), Italy ($18.5k), and Qatar ($18.4k).

In 2023, Philippines imported $2.97M in Animal Extracts, mainly from Thailand ($2.24M), China ($307k), United States ($135k), Brazil ($62.4k), and Vietnam ($57.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Bahrain$10k (186%)
Italy$8.34k (82.1%)
United Arab Emirates$5.1k (53.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY Philippines WERE (2022 - 2023):
Qatar-$90k (-83%)
Canada-$64.6k (-40.8%)
Kuwait-$14.6k (-46.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Animal Extracts were:
China $21.8M
Italy $20.7M
New Zealand $19.8M
In 2023, Philippines's main importing competitors in Animal Extracts were:
Japan $36.8M
Hong Kong $23.6M
United States $19.9M

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $16.6k
TOP IMPORT POTENTIALChina+ $132k

Animal Extracts’s highest export potential is United Kingdom. With an export gap of $16.6k.   Animal Extracts’s highest import potential is China with an import gap of $132k.

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