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2022
Exports $483kWorld Rnk 34 / 80
Flag Rnk 673 / 1127
2022
Destination $86.2k Canada
2021 - 2022
FASTEST GROWING MARKET $86.2kKuwait
2022
Imports $2.87MWorld Rnk 21 / 154
Flag Rnk 896 / 1201
2022
Origin $68.2k Thailand
2021 - 2022
FASTEST GROWING ORIGIN $68.2kVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $483k in Animal Extracts, making it the 34th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 673rd most exported product in Philippines. The main destination of Animal Extracts exports from Philippines are: Canada ($153k), Qatar ($105k), Kuwait ($99.1k), Netherlands ($47.1k), and United Kingdom ($36.5k).

The fastest growing export markets for Animal Extracts of Philippines between 2021 and 2022 were Kuwait ($86.2k), Qatar ($68.2k), and United Kingdom ($30.3k).

Imports In 2022, Philippines imported $2.87M in Animal Extracts, becoming the 21st largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 896th most imported product in Philippines. Philippines imports Animal Extracts primarily from: Thailand ($2.05M), China ($292k), Japan ($112k), Vietnam ($88.4k), and Italy ($87.8k).

The fastest growing import markets in Animal Extracts for Philippines between 2021 and 2022 were Vietnam ($68.2k), Japan ($63.3k), and Brazil ($62.1k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Animal Extracts exports accounted up to $14.1k and imports accounted up to $305k, resulting in a negative trade balance of $291k. Between May 2023 and June 2024 the exports of Philippines'   Animal Extracts have decreased by $-7.01k (-33.2%) from $21.1k to $14.1k, while imports increased by $49.5k (19.3%) from $256k to $305k.

Destinations In June 2024, Animal Extracts were exported mostly to Netherlands ($12.6k), New Zealand ($1.01k), and Japan ($535), and were imported mostly from Thailand ($282k) and Brazil ($23.3k).

Growth In June 2024, the decrease in Animal Extracts's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Animal Extracts's year-by-year imports was explained primarily by an increase in imports from Malaysia ($380 or 9.76%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$-7.01k(-33.2%)
IMPORT GROWTH (June 2023 - June 2024)$49.5k(19.3%)
MAIN DESTINATION (June 2024)Netherlands$12.6k

This section shows Animal Extracts'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 Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$483k
IMPORTS (2022)$2.87M
NET TRADE (2022)-$2.38M

In 2022, Philippines exported $483k in Animal Extracts. The main destinations of Philippines exports on Animal Extracts were Canada ($153k), Qatar ($105k), Kuwait ($99.1k), Netherlands ($47.1k), and United Kingdom ($36.5k).

In 2022, Philippines imported $2.87M in Animal Extracts, mainly from Thailand ($2.05M), China ($292k), Japan ($112k), Vietnam ($88.4k), and Italy ($87.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Kuwait$86.2k (667%)
Qatar$68.2k (184%)
United Kingdom$30.3k (486%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY Philippines WERE (2021 - 2022):
Canada-$48k (-23.9%)
Netherlands-$30.7k (-39.5%)
Italy-$13k (-57%)
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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 Extracts were:
New Zealand $32M
Italy $28.2M
China $25.8M
In 2022, Philippines's main importing competitors in Animal Extracts were:
United States $37M
Japan $35.9M
Germany $26.5M

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $16.6k
TOP IMPORT POTENTIALChina+ $132k

Animal Extracts’s highest export potential is United Kingdom. With an export gap of $16.6k.   Animal Extracts’s highest import potential is China with an import gap of $132k.

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