2023
Exports
$6.26kWorld Rnk 63 / 94
Flag Rnk 1011 / 1123
2023
PRODUCT COMPLEXITY IN Artificial Textile Machinery
1.97Rnk 3 / 1025
2023
Imports
$1.57MWorld Rnk 44 / 165
Flag Rnk 939 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $6.26k in Artificial Textile Machinery, making it the 63rd largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1011th most exported product in Philippines. The main destination of Artificial Textile Machinery exports from Philippines are: Singapore ($3.79k) and Solomon Islands ($2.48k).

The fastest growing export markets for Artificial Textile Machinery of Philippines between 2022 and 2023 were Singapore ($2.67k) and Solomon Islands ($2.48k).

Imports In 2023, Philippines imported $1.57M in Artificial Textile Machinery, becoming the 44th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 939th most imported product in Philippines. Philippines imports Artificial Textile Machinery primarily from: China ($1.26M), Switzerland ($166k), Macau ($64.6k), United States ($40.2k), and Australia ($25.8k).

The fastest growing import markets in Artificial Textile Machinery for Philippines between 2022 and 2023 were China ($1.14M), Switzerland ($166k), and Macau ($64.6k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Artificial Textile Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.26k
IMPORTS (2023)$1.57M
NET TRADE (2023)-$1.57M

In 2023, Philippines exported $6.26k in Artificial Textile Machinery. The main destinations of Philippines exports on Artificial Textile Machinery were Singapore ($3.79k) and Solomon Islands ($2.48k).

In 2023, Philippines imported $1.57M in Artificial Textile Machinery, mainly from China ($1.26M), Switzerland ($166k), Macau ($64.6k), United States ($40.2k), and Australia ($25.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$2.67k (239%)
Solomon Islands$2.48k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Philippines WERE (2022 - 2023):
Paraguay-$266 (-100%)
South Korea-$14 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Artificial Textile Machinery were:
In 2023, Philippines's main importing competitors in Artificial Textile Machinery were:
China $557M
India $148M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $888
TOP IMPORT POTENTIALChina+ $171k

Artificial Textile Machinery’s highest export potential is China. With an export gap of $888.   Artificial Textile Machinery’s highest import potential is China with an import gap of $171k.

See methodology.

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