2022
Exports
$26.9kWorld Rnk 54 / 71
Flag Rnk 936 / 1127
2022
PRODUCT COMPLEXITY IN Animal Fat
0.41Rnk 403 / 1025
2022
Imports
$76.1MWorld Rnk 1 / 154
Flag Rnk 321 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 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

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal Fat. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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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%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Animal Fat were:
Spain $162M
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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