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2022
Exports $1.03BWorld Rnk 17 / 224
Flag Rnk 15 / 21
2022
Destination $190M United States
2021 - 2022
FASTEST GROWING MARKET $190MUnited States
2022
PRODUCT COMPLEXITY IN Animal Hides-0.063Rnk 569 / 1025
2022
Imports $989MWorld Rnk 26 / 225
Flag Rnk 18 / 21
2022
Origin $355M China
2021 - 2022
FASTEST GROWING ORIGIN $355MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.03B in Animal Hides, making it the 17th largest exporter of Animal Hides in the world. At the same year, Animal Hides was the 15th most exported product in Philippines. The main destination of Animal Hides exports from Philippines are: United States ($658M), Japan ($79.2M), Canada ($42.8M), China ($39.5M), and Australia ($26.8M).

The fastest growing export markets for Animal Hides of Philippines between 2021 and 2022 were United States ($190M), Canada ($16.8M), and Australia ($13.9M).

Imports In 2022, Philippines imported $989M in Animal Hides, becoming the 26th largest importer of Animal Hides in the world. At the same year, Animal Hides was the 18th most imported product in Philippines. Philippines imports Animal Hides primarily from: China ($760M), Italy ($50.8M), South Korea ($36.3M), Singapore ($23.4M), and France ($17.9M).

The fastest growing import markets in Animal Hides for Philippines between 2021 and 2022 were China ($355M), Italy ($9.98M), and France ($7.4M).

COMPANIES In 2023, leading companies such as Michael Kors (27), Callaway Golf (20), and Lawrence Wholesale (1) were at the forefront of shipping Animal Hides from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Animal Hides exports accounted up to $47M and imports accounted up to $16.9M, resulting in a positive trade balance of $30.1M. Between June 2023 and June 2024 the exports of Philippines'   Animal Hides have decreased by $-8.42M (-15.2%) from $55.4M to $47M, while imports decreased by $-27.3M (-61.7%) from $44.2M to $16.9M.

Destinations In June 2024, Animal Hides were exported mostly to United States ($28.7M), Japan ($3.77M), Netherlands ($2.06M), Canada ($1.5M), and Italy ($1.46M), and were imported mostly from Italy ($5.22M), Hong Kong ($2.55M), France ($2.1M), Vietnam ($1.75M), and South Korea ($1.2M).

Growth In June 2024, the decrease in Animal Hides's year-by-year exports was explained primarily by a decrease in exports to United States ($-4.37M or -11.5%), Hong Kong ($-842k or -52.6%), and Chinese Taipei ($-591k or -86.6%). In June 2024, the decrease in Animal Hides's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-443k or -53.1%), Chinese Taipei ($-238k or -31.8%), and Japan ($-143k or -22.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-8.42M(-15.2%)
IMPORT GROWTH (June 2023 - June 2024)$-27.3M(-61.7%)
MAIN DESTINATION (June 2024)United States$28.7M

This section shows Animal Hides'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 Hides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.03B
IMPORTS (2022)$989M
NET TRADE (2022)$43.5M

In 2022, Philippines exported $1.03B in Animal Hides. The main destinations of Philippines exports on Animal Hides were United States ($658M), Japan ($79.2M), Canada ($42.8M), China ($39.5M), and Australia ($26.8M).

In 2022, Philippines imported $989M in Animal Hides, mainly from China ($760M), Italy ($50.8M), South Korea ($36.3M), Singapore ($23.4M), and France ($17.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Hides EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$190M (40.6%)
Canada$16.8M (64.3%)
Australia$13.9M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Hides BY Philippines WERE (2021 - 2022):
Chinese Taipei-$3.17M (-31.5%)
Hong Kong-$1.96M (-10.6%)
Russia-$1.95M (-96.6%)
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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 Hides were:
China $38.9B
Italy $15.1B
France $13.1B
In 2022, Philippines's main importing competitors in Animal Hides were:
United States $18.1B
China $7.54B
Italy $6.67B

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Trade Value of Animal Hides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $64.1M
TOP IMPORT POTENTIALChina+ $40.5M

Animal Hides’s highest export potential is China. With an export gap of $64.1M.   Animal Hides’s highest import potential is China with an import gap of $40.5M.

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