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Pricing

2022
Exports $26.9kWorld Rnk 54 / 71
Flag Rnk 936 / 1127
2022
Destination $26.8k Denmark
2021 - 2022
FASTEST GROWING MARKET $26.8kDenmark
2022
PRODUCT COMPLEXITY IN Animal Fat0.41Rnk 403 / 1025
2022
Imports $76.1MWorld Rnk 1 / 154
Flag Rnk 321 / 1201
2022
Origin $11M Spain
2021 - 2022
FASTEST GROWING ORIGIN $11MSpain
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $26.9k in Animal Fat, making it the 54th largest exporter of Animal Fat in the world. At the same year, Animal Fat was the 936th most exported product in Philippines. The main destination of Animal Fat exports from Philippines are: Denmark ($26.8k) and Switzerland ($82).

The fastest growing export markets for Animal Fat of Philippines between 2021 and 2022 were Denmark ($26.8k) and Switzerland ($82).

Imports In 2022, Philippines imported $76.1M in Animal Fat, becoming the 1st largest importer of Animal Fat in the world. At the same year, Animal Fat was the 321st most imported product in Philippines. Philippines imports Animal Fat primarily from: Spain ($37.6M), France ($10.8M), Netherlands ($10.2M), Canada ($6.79M), and Ireland ($2.84M).

The fastest growing import markets in Animal Fat for Philippines between 2021 and 2022 were Spain ($11M), Chile ($1.57M), and Denmark ($1.46M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Animal Fat exports accounted up to $92.6k and imports accounted up to $8.47M, resulting in a negative trade balance of $8.38M. Between July 2023 and July 2024 the exports of Philippines'   Animal Fat have decreased by $-312k (-77.1%) from $405k to $92.6k, while imports increased by $1.86M (28.1%) from $6.61M to $8.47M.

Destinations In July 2024, Animal Fat were exported mostly to , and were imported mostly from Spain ($4.02M), Brazil ($1.19M), France ($1.09M), Canada ($508k), and Netherlands ($455k).

Growth In July 2024, the decrease in Animal Fat's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the increase in Animal Fat's year-by-year imports was explained primarily by an increase in imports from Brazil ($728k or 597%), Canada ($312k or 250%), and Belgium ($162k or 247%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-312k(-77.1%)
IMPORT GROWTH (September 2023 - September 2024)$1.86M(28.1%)
MAIN DESTINATION (July 2024)

This section shows Animal Fat'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 Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.9k
IMPORTS (2022)$76.1M
NET TRADE (2022)-$76.1M

In 2022, Philippines exported $26.9k in Animal Fat. The main destinations of Philippines exports on Animal Fat were Denmark ($26.8k) and Switzerland ($82).

In 2022, Philippines imported $76.1M in Animal Fat, mainly from Spain ($37.6M), France ($10.8M), Netherlands ($10.2M), Canada ($6.79M), and Ireland ($2.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Fat EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Denmark$26.8k (1%)
Switzerland$82 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Fat BY Philippines WERE (2021 - 2022):
United Kingdom-$165k (-100%)
Bahrain-$979 (-100%)
Australia-$100 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Animal Fat were:
Spain $162M
Germany $140M
Canada $92.6M
In 2022, Philippines's main importing competitors in Animal Fat were:
Japan $59.2M
Belgium $51.3M

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Trade Value of Animal Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $861
TOP IMPORT POTENTIALBelgium+ $124k

Animal Fat’s highest export potential is Japan. With an export gap of $861.   Animal Fat’s highest import potential is Belgium with an import gap of $124k.

See methodology.

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