Food residues & wastes; animal fodder in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $120M in Food residues & wastes; animal fodder, making it the 69th largest exporter of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 45th most exported product in Philippines. The main destination of Food residues & wastes; animal fodder exports from Philippines are: South Korea ($46.7M), China ($22.6M), Vietnam ($17.2M), India ($10.9M), and Japan ($8.82M).

The fastest growing export markets for Food residues & wastes; animal fodder of Philippines between 2021 and 2022 were South Korea ($16.3M), China ($8.88M), and Australia ($2.16M).

Imports In 2022, Philippines imported $1.59B in Food residues & wastes; animal fodder, becoming the 23rd largest importer of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 22nd most imported product in Philippines. Philippines imports Food residues & wastes; animal fodder primarily from: United States ($539M), Argentina ($413M), Thailand ($120M), China ($102M), and Brazil ($55.9M).

The fastest growing import markets in Food residues & wastes; animal fodder for Philippines between 2021 and 2022 were Argentina ($301M), United States ($118M), and Brazil ($42.6M).

COMPANIES In 2023, leading companies such as Dekalb Farmers Market (15) and Fred Meyer (1) were at the forefront of shipping Food residues & wastes; animal fodder from Philippines to the United States.

Latest Trends

June 2024

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Overview In June 2024 Philippines' Food residues & wastes; animal fodder exports accounted up to $6.46M and imports accounted up to $175M, resulting in a negative trade balance of $169M. Between June 2023 and June 2024 the exports of Philippines' Food residues & wastes; animal fodder have decreased by $-3.7M (-36.4%) from $10.2M to $6.46M, while imports decreased by $-35.9M (-17%) from $211M to $175M.

Destinations In June 2024, Food residues & wastes; animal fodder were exported mostly to Spain ($1.45M), Thailand ($1.21M), China ($1.02M), Vietnam ($821k), and India ($805k), and were imported mostly from United States ($85.7M), Argentina ($39.1M), Thailand ($11.7M), Italy ($10.8M), and France ($6.1M).

Growth In June 2024, the decrease in Food residues & wastes; animal fodder's year-by-year exports was explained primarily by a decrease in exports to Japan ($-767k or -83.3%), Vietnam ($-47.5k or -2.28%), and Chinese Taipei ($-6.15k or -6.02%). In June 2024, the decrease in Food residues & wastes; animal fodder's year-by-year imports was explained primarily by a decrease in imports from United States ($-76.7M or -41.5%), Argentina ($-43.9M or -57.5%), and Italy ($-12.7M or -78.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-3.7M(-36.4%)

IMPORT GROWTH (June 2023 - June 2024)$-35.9M(-17%)

MAIN DESTINATION (June 2024)Spain$1.45M

This section shows Food residues & wastes; animal fodder'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 Food residues & wastes; animal fodder over time.

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