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2022
Exports $19.3MWorld Rnk 45 / 126
Flag Rnk 261 / 1127
2022
Destination $2.66M Japan
2021 - 2022
FASTEST GROWING MARKET $2.66MVietnam
2022
PRODUCT COMPLEXITY IN Animal Meal and Pellets-1.49Rnk 946 / 1025
2022
Imports $147MWorld Rnk 18 / 173
Flag Rnk 197 / 1201
2022
Origin $21.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $21.5MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $19.3M in Animal Meal and Pellets, making it the 45th largest exporter of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 261st most exported product in Philippines. The main destination of Animal Meal and Pellets exports from Philippines are: Japan ($7.07M), Vietnam ($4.16M), Thailand ($2.89M), Australia ($2.62M), and Bangladesh ($2.2M).

The fastest growing export markets for Animal Meal and Pellets of Philippines between 2021 and 2022 were Vietnam ($2.66M), Australia ($2.16M), and Japan ($1.84M).

Imports In 2022, Philippines imported $147M in Animal Meal and Pellets, becoming the 18th largest importer of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 197th most imported product in Philippines. Philippines imports Animal Meal and Pellets primarily from: United States ($59.5M), Canada ($21.3M), France ($11M), Denmark ($6.97M), and Ireland ($5.97M).

The fastest growing import markets in Animal Meal and Pellets for Philippines between 2021 and 2022 were United States ($21.5M), France ($9.02M), and Canada ($4.72M).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Animal Meal and Pellets exports accounted up to $1.64M and imports accounted up to $12.8M, resulting in a negative trade balance of $11.2M. Between October 2023 and October 2024 the exports of Philippines'   Animal Meal and Pellets have decreased by $-771k (-32%) from $2.41M to $1.64M, while imports decreased by $-2.52M (-16.4%) from $15.3M to $12.8M.

Destinations In October 2024, Animal Meal and Pellets were exported mostly to Germany ($623k), Australia ($457k), Bangladesh ($266k), Vietnam ($230k), and South Korea ($41k), and were imported mostly from Italy ($6.17M), France ($1.19M), United States ($1.18M), Canada ($1.01M), and Argentina ($839k).

Growth In October 2024, the decrease in Animal Meal and Pellets's year-by-year exports was explained primarily by a decrease in exports to Japan ($-121k or -51.1%). In October 2024, the decrease in Animal Meal and Pellets's year-by-year imports was explained primarily by a decrease in imports from Italy ($-11.9M or -94.4%), Netherlands ($-663k or -77.4%), and Peru ($-107k or -48.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-771k(-32%)
IMPORT GROWTH (October 2023 - October 2024)$-2.52M(-16.4%)
MAIN DESTINATION (October 2024)Germany$623k

This section shows Animal Meal and Pellets'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 Meal and Pellets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.3M
IMPORTS (2022)$147M
NET TRADE (2022)-$128M

In 2022, Philippines exported $19.3M in Animal Meal and Pellets. The main destinations of Philippines exports on Animal Meal and Pellets were Japan ($7.07M), Vietnam ($4.16M), Thailand ($2.89M), Australia ($2.62M), and Bangladesh ($2.2M).

In 2022, Philippines imported $147M in Animal Meal and Pellets, mainly from United States ($59.5M), Canada ($21.3M), France ($11M), Denmark ($6.97M), and Ireland ($5.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Meal and Pellets EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$2.66M (177%)
Australia$2.16M (469%)
Japan$1.84M (35.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Meal and Pellets BY Philippines WERE (2021 - 2022):
Thailand-$3.71M (-56.2%)
India-$2.51M (-100%)
Indonesia-$1.17M (-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 Meal and Pellets were:
Peru $1.88B
United States $911M
Chile $423M
In 2022, Philippines's main importing competitors in Animal Meal and Pellets were:
China $2.9B
Vietnam $626M
Norway $481M

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Trade Value of Animal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $872k
TOP IMPORT POTENTIALIndia+ $2.97M

Animal Meal and Pellets’s highest export potential is Vietnam. With an export gap of $872k.   Animal Meal and Pellets’s highest import potential is India with an import gap of $2.97M.

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