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2022
Exports $17.1kWorld Rnk 79 / 93
Flag Rnk 961 / 1127
2022
Destination $9.21k Thailand
2021 - 2022
FASTEST GROWING MARKET $9.21kThailand
2022
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat-0.5Rnk 698 / 1025
2022
Imports $33.8MWorld Rnk 12 / 156
Flag Rnk 468 / 1201
2022
Origin $11.3M Ireland
2021 - 2022
FASTEST GROWING ORIGIN $11.3MAustralia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $17.1k in Bovine, Sheep, and Goat Fat, making it the 79th largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 961st most exported product in Philippines. The main destination of Bovine, Sheep, and Goat Fat exports from Philippines are: Thailand ($13.8k) and Chinese Taipei ($3.33k).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of Philippines between 2021 and 2022 were Thailand ($9.21k).

Imports In 2022, Philippines imported $33.8M in Bovine, Sheep, and Goat Fat, becoming the 12th largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 468th most imported product in Philippines. Philippines imports Bovine, Sheep, and Goat Fat primarily from: Ireland ($14.6M), Australia ($12.1M), United Kingdom ($3.42M), New Zealand ($2.2M), and Netherlands ($571k).

The fastest growing import markets in Bovine, Sheep, and Goat Fat for Philippines between 2021 and 2022 were Australia ($11.3M), United Kingdom ($1.97M), and Ireland ($436k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Bovine, Sheep, and Goat Fat exports accounted up to $4.61k and imports accounted up to $3.04M, resulting in a negative trade balance of $3.03M. Between March 2022 and May 2024 the exports of Philippines'   Bovine, Sheep, and Goat Fat have decreased by $-832 (-15.3%) from $5.44k to $4.61k, while imports decreased by $-930k (-23.4%) from $3.97M to $3.04M.

Destinations In May 2024, Bovine, Sheep, and Goat Fat were exported mostly to , and were imported mostly from Australia ($1.46M), Ireland ($695k), United Kingdom ($490k), New Zealand ($246k), and Netherlands ($60.2k).

Growth In May 2024, the decrease in Bovine, Sheep, and Goat Fat's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Bovine, Sheep, and Goat Fat's year-by-year imports was explained primarily by a decrease in imports from Ireland ($-672k or -40.9%), New Zealand ($-90k or -32.9%), and France ($-24.3k or -62.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2022 - May 2024)$-832(-15.3%)
IMPORT GROWTH (June 2023 - June 2024)$-930k(-23.4%)
MAIN DESTINATION (May 2024)

This section shows Bovine, Sheep, and Goat Fat'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 Bovine, Sheep, and Goat Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.1k
IMPORTS (2022)$33.8M
NET TRADE (2022)-$33.8M

In 2022, Philippines exported $17.1k in Bovine, Sheep, and Goat Fat. The main destinations of Philippines exports on Bovine, Sheep, and Goat Fat were Thailand ($13.8k) and Chinese Taipei ($3.33k).

In 2022, Philippines imported $33.8M in Bovine, Sheep, and Goat Fat, mainly from Ireland ($14.6M), Australia ($12.1M), United Kingdom ($3.42M), New Zealand ($2.2M), and Netherlands ($571k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR Philippines WERE (2021 - 2022):Thailand$9.21k (200%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY Philippines WERE (2021 - 2022):Chinese Taipei-$4.61k (-58.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Bovine, Sheep, and Goat Fat were:
Australia $683M
Canada $450M
United States $393M
In 2022, Philippines's main importing competitors in Bovine, Sheep, and Goat Fat were:
United States $1.04B
Singapore $575M
Netherlands $225M

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $532
TOP IMPORT POTENTIALAustralia+ $603k

Bovine, Sheep, and Goat Fat’s highest export potential is United States. With an export gap of $532.   Bovine, Sheep, and Goat Fat’s highest import potential is Australia with an import gap of $603k.

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