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2022
Exports $101MWorld Rnk 35 / 183
Flag Rnk 114 / 1127
2022
Destination $36.6M United States
2021 - 2022
FASTEST GROWING MARKET $36.6MUnited States
2022
PRODUCT COMPLEXITY IN Fish Fillets-1.24Rnk 888 / 1025
2022
Imports $188MWorld Rnk 27 / 220
Flag Rnk 161 / 1201
2022
Origin $24.7M China
2021 - 2022
FASTEST GROWING ORIGIN $24.7MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $101M in Fish Fillets, making it the 35th largest exporter of Fish Fillets in the world. At the same year, Fish Fillets was the 114th most exported product in Philippines. The main destination of Fish Fillets exports from Philippines are: United States ($43.7M), Japan ($28.5M), Switzerland ($9.59M), Netherlands ($3.85M), and Spain ($2.95M).

The fastest growing export markets for Fish Fillets of Philippines between 2021 and 2022 were United States ($36.6M), Japan ($2.35M), and Switzerland ($1.69M).

Imports In 2022, Philippines imported $188M in Fish Fillets, becoming the 27th largest importer of Fish Fillets in the world. At the same year, Fish Fillets was the 161st most imported product in Philippines. Philippines imports Fish Fillets primarily from: China ($115M), Vietnam ($50.4M), Indonesia ($6.06M), South Korea ($4.58M), and Norway ($3.14M).

The fastest growing import markets in Fish Fillets for Philippines between 2021 and 2022 were China ($24.7M), Vietnam ($19.3M), and Indonesia ($2.72M).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Fish Fillets exports accounted up to $4.24M and imports accounted up to $9.33M, resulting in a negative trade balance of $5.09M. Between September 2023 and September 2024 the exports of Philippines'   Fish Fillets have decreased by $-1.11M (-20.8%) from $5.35M to $4.24M, while imports decreased by $-1.82M (-16.3%) from $11.1M to $9.33M.

Destinations In September 2024, Fish Fillets were exported mostly to Japan ($1.92M), United States ($1.16M), Canada ($332k), Germany ($217k), and France ($143k), and were imported mostly from Vietnam ($4.1M), China ($3.68M), Norway ($446k), United Kingdom ($314k), and Faroe Islands ($235k).

Growth In September 2024, the decrease in Fish Fillets's year-by-year exports was explained primarily by a decrease in exports to Japan ($-87.3k or -3.6%). In September 2024, the decrease in Fish Fillets's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-1.83M or -32.6%), China ($-483k or -12.1%), and South Korea ($-69.3k or -60.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-1.11M(-20.8%)
IMPORT GROWTH (September 2023 - September 2024)$-1.82M(-16.3%)
MAIN DESTINATION (September 2024)Japan$1.92M

This section shows Fish Fillets'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 Fish Fillets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$101M
IMPORTS (2022)$188M
NET TRADE (2022)-$86.7M

In 2022, Philippines exported $101M in Fish Fillets. The main destinations of Philippines exports on Fish Fillets were United States ($43.7M), Japan ($28.5M), Switzerland ($9.59M), Netherlands ($3.85M), and Spain ($2.95M).

In 2022, Philippines imported $188M in Fish Fillets, mainly from China ($115M), Vietnam ($50.4M), Indonesia ($6.06M), South Korea ($4.58M), and Norway ($3.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish Fillets EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$36.6M (511%)
Japan$2.35M (8.97%)
Switzerland$1.69M (21.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish Fillets BY Philippines WERE (2021 - 2022):
Netherlands-$373k (-8.83%)
Singapore-$223k (-89.8%)
Poland-$124k (-34.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Fish Fillets were:
China $4.09B
Chile $3.91B
Vietnam $3.64B
In 2022, Philippines's main importing competitors in Fish Fillets were:
United States $8.53B
Japan $3.17B
Germany $2.21B

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Trade Value of Fish Fillets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.3M
TOP IMPORT POTENTIALVietnam+ $12.7M

Fish Fillets’s highest export potential is United States. With an export gap of $17.3M.   Fish Fillets’s highest import potential is Vietnam with an import gap of $12.7M.

See methodology.

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