Cotton in Philippines | The Observatory of Economic Complexity

About

Exports In 2023, Philippines exported $7.48M in Cotton, making it the 96th largest exporter of Cotton in the world. At the same year, Cotton was the 81st most exported product in Philippines. The main destination of Cotton exports from Philippines are: United States ($3.75M), Egypt ($723k), Thailand ($718k), China ($709k), and Algeria ($251k).

Imports In 2023, Philippines imported $189M in Cotton, becoming the 44th largest importer of Cotton in the world. At the same year, Cotton was the 66th most imported product in Philippines. Philippines imports Cotton primarily from: China ($114M), Indonesia ($14.1M), India ($12.1M), Vietnam ($9.1M), and Pakistan ($8.83M).

The fastest growing import markets in Cotton for Philippines between 2022 and 2023 were Indonesia ($4.29M), India ($921k), and United Kingdom ($206k).

COMPANIES In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (1), Adidas (1), and Panasonic (1) were at the forefront of shipping Cotton from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Cotton exports accounted up to $2.12k and imports accounted up to $5.73M, resulting in a negative trade balance of $5.73M. Between July 2023 and July 2024 the exports of Philippines' Cotton have decreased by $-65.2k (-96.8%) from $67.3k to $2.12k, while imports decreased by $-2.66M (-31.7%) from $8.39M to $5.73M.

Destinations In July 2024, Cotton were exported mostly to Japan ($2.12k), and were imported mostly from China ($2.25M), Pakistan ($594k), Vietnam ($517k), India ($395k), and Indonesia ($394k).

Growth In July 2024, the decrease in Cotton's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-5.72k or -25.5%) and China ($-1.01k or -51.4%). In July 2024, the decrease in Cotton's year-by-year imports was explained primarily by a decrease in imports from Australia ($-989k or -74.1%), Italy ($-853k or -80.4%), and India ($-661k or -62.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-65.2k(-96.8%)

IMPORT GROWTH (July 2023 - July 2024)$-2.66M(-31.7%)

MAIN DESTINATION (July 2024)Japan$2.12k

This section shows Cotton'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 Cotton over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$7.48M

IMPORTS (2023)$189M

NET TRADE (2023)-$182M

In 2023, Philippines exported $7.48M in Cotton. The main destinations of Philippines exports on Cotton were United States ($3.75M), Egypt ($723k), Thailand ($718k), China ($709k), and Algeria ($251k).

In 2023, Philippines imported $189M in Cotton, mainly from China ($114M), Indonesia ($14.1M), India ($12.1M), Vietnam ($9.1M), and Pakistan ($8.83M).

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