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2022
Exports $415MWorld Rnk 11 / 179
Flag Rnk 37 / 1127
2022
Destination $9.37M Germany
2021 - 2022
FASTEST GROWING MARKET $9.37MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Processed Fish-1.45Rnk 941 / 1025
2022
Imports $103MWorld Rnk 40 / 222
Flag Rnk 263 / 1201
2022
Origin $1.56M China
2021 - 2022
FASTEST GROWING ORIGIN $1.56MChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $415M in Processed Fish, making it the 11th largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 37th most exported product in Philippines. The main destination of Processed Fish exports from Philippines are: Germany ($79.6M), Japan ($74.3M), Spain ($52.8M), United States ($48.6M), and United Kingdom ($35.6M).

The fastest growing export markets for Processed Fish of Philippines between 2021 and 2022 were United Kingdom ($9.37M), Spain ($3.41M), and Finland ($3.1M).

Imports In 2022, Philippines imported $103M in Processed Fish, becoming the 40th largest importer of Processed Fish in the world. At the same year, Processed Fish was the 263rd most imported product in Philippines. Philippines imports Processed Fish primarily from: China ($67.2M), Thailand ($12.2M), Chinese Taipei ($5.32M), South Korea ($4.06M), and Malaysia ($3.64M).

The fastest growing import markets in Processed Fish for Philippines between 2021 and 2022 were Chinese Taipei ($1.56M), Malaysia ($915k), and United States ($733k).

COMPANIES In 2023, leading companies such as Walong Marketing (2) were at the forefront of shipping Processed Fish from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Processed Fish exports accounted up to $42M and imports accounted up to $3.01M, resulting in a positive trade balance of $39M. Between August 2023 and August 2024 the exports of Philippines'   Processed Fish have increased by $9.83M (30.5%) from $32.2M to $42M, while imports increased by $512k (20.5%) from $2.5M to $3.01M.

Destinations In August 2024, Processed Fish were exported mostly to Germany ($8.1M), Japan ($5.84M), Spain ($5.71M), United Kingdom ($4.74M), and Netherlands ($3.62M), and were imported mostly from Vietnam ($847k), Thailand ($821k), China ($769k), Malaysia ($252k), and Singapore ($100k).

Growth In August 2024, the increase in Processed Fish's year-by-year exports was explained primarily by an increase in exports to Germany ($3.48M or 126%), Japan ($1.77M or 55.6%), and Poland ($625k or 232%). In August 2024, the increase in Processed Fish's year-by-year imports was explained primarily by an increase in imports from China ($1.29M or 169%), Indonesia ($548k or 267%), and Thailand ($13.9k or 2.31%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$9.83M(30.5%)
IMPORT GROWTH (August 2023 - August 2024)$512k(20.5%)
MAIN DESTINATION (August 2024)Germany$8.1M

This section shows Processed Fish'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 Processed Fish over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$415M
IMPORTS (2022)$103M
NET TRADE (2022)$312M

In 2022, Philippines exported $415M in Processed Fish. The main destinations of Philippines exports on Processed Fish were Germany ($79.6M), Japan ($74.3M), Spain ($52.8M), United States ($48.6M), and United Kingdom ($35.6M).

In 2022, Philippines imported $103M in Processed Fish, mainly from China ($67.2M), Thailand ($12.2M), Chinese Taipei ($5.32M), South Korea ($4.06M), and Malaysia ($3.64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$9.37M (35.7%)
Spain$3.41M (6.92%)
Finland$3.1M (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Philippines WERE (2021 - 2022):
Netherlands-$12.7M (-30.6%)
Japan-$4.41M (-5.6%)
United States-$2.37M (-4.65%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Processed Fish were:
China $3.71B
Thailand $3.1B
Ecuador $1.5B
In 2022, Philippines's main importing competitors in Processed Fish were:
United States $2.22B
Japan $1.73B
Italy $1.31B

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20M
TOP IMPORT POTENTIALThailand+ $7.17M

Processed Fish’s highest export potential is United States. With an export gap of $20M.   Processed Fish’s highest import potential is Thailand with an import gap of $7.17M.

See methodology.

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