2022
Exports
$46MWorld Rnk 32 / 200
Flag Rnk 172 / 1127
2022
PRODUCT COMPLEXITY IN Knit Men's Shirts
-1.58Rnk 957 / 1025
2022
Imports
$33.1MWorld Rnk 39 / 222
Flag Rnk 472 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $46M in Knit Men's Shirts, making it the 32nd largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 172nd most exported product in Philippines. The main destination of Knit Men's Shirts exports from Philippines are: United States ($22M), United Kingdom ($4.81M), Canada ($3.47M), Germany ($3.3M), and China ($2.68M).

The fastest growing export markets for Knit Men's Shirts of Philippines between 2021 and 2022 were United States ($5M), Germany ($2.92M), and China ($1.34M).

Imports In 2022, Philippines imported $33.1M in Knit Men's Shirts, becoming the 39th largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 472nd most imported product in Philippines. Philippines imports Knit Men's Shirts primarily from: China ($18.6M), Indonesia ($4.96M), Vietnam ($2.28M), France ($1.76M), and Singapore ($1.11M).

The fastest growing import markets in Knit Men's Shirts for Philippines between 2021 and 2022 were China ($10.7M), Indonesia ($3.35M), and Vietnam ($2.01M).

COMPANIES In 2023, leading companies such as Adidas (3) were at the forefront of shipping Knit Men's Shirts from Philippines to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-3.96M(-57.9%)
IMPORT GROWTH (June 2023 - June 2024)$-2.18M(-72.9%)
MAIN DESTINATION (June 2024)United States$2.37M

This section shows Knit Men's Shirts'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 Knit Men's Shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$46M
IMPORTS (2022)$33.1M
NET TRADE (2022)$13M

In 2022, Philippines exported $46M in Knit Men's Shirts. The main destinations of Philippines exports on Knit Men's Shirts were United States ($22M), United Kingdom ($4.81M), Canada ($3.47M), Germany ($3.3M), and China ($2.68M).

In 2022, Philippines imported $33.1M in Knit Men's Shirts, mainly from China ($18.6M), Indonesia ($4.96M), Vietnam ($2.28M), France ($1.76M), and Singapore ($1.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$5M (29.4%)
Germany$2.92M (764%)
China$1.34M (99.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY Philippines WERE (2021 - 2022):
Saudi Arabia-$298k (-64.5%)
Australia-$260k (-53.3%)
Japan-$177k (-13.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Knit Men's Shirts were:
In 2022, Philippines's main importing competitors in Knit Men's Shirts were:

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Trade Value of Knit Men's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.2M
TOP IMPORT POTENTIALChina+ $3.94M

Knit Men's Shirts’s highest export potential is United States. With an export gap of $7.2M.   Knit Men's Shirts’s highest import potential is China with an import gap of $3.94M.

See methodology.

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