2022
Exports
$7.43MWorld Rnk 100 / 199
Flag Rnk 82 / 96
2022
PRODUCT COMPLEXITY IN Cotton
-0.55Rnk 715 / 1025
2022
Imports
$587MWorld Rnk 25 / 220
Flag Rnk 49 / 96
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.43M in Cotton, making it the 100th largest exporter of Cotton in the world. At the same year, Cotton was the 82nd most exported product in Philippines. The main destination of Cotton exports from Philippines are: United States ($1.84M), Bangladesh ($1.45M), Thailand ($1.38M), Indonesia ($464k), and Spain ($400k).

The fastest growing export markets for Cotton of Philippines between 2021 and 2022 were United States ($1.77M), Spain ($355k), and Indonesia ($199k).

Imports In 2022, Philippines imported $587M in Cotton, becoming the 25th largest importer of Cotton in the world. At the same year, Cotton was the 49th most imported product in Philippines. Philippines imports Cotton primarily from: China ($425M), Vietnam ($40.4M), India ($34M), Indonesia ($22.6M), and Australia ($10.9M).

The fastest growing import markets in Cotton for Philippines between 2021 and 2022 were Vietnam ($33.1M), China ($32.3M), and Indonesia ($12M).

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

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-1.8M(-99.8%)
IMPORT GROWTH (August 2023 - August 2024)$-3.13M(-34.2%)
MAIN DESTINATION (August 2024)Vietnam$3.42k

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
EXPORTS (2022)$7.43M
IMPORTS (2022)$587M
NET TRADE (2022)-$580M

In 2022, Philippines exported $7.43M in Cotton. The main destinations of Philippines exports on Cotton were United States ($1.84M), Bangladesh ($1.45M), Thailand ($1.38M), Indonesia ($464k), and Spain ($400k).

In 2022, Philippines imported $587M in Cotton, mainly from China ($425M), Vietnam ($40.4M), India ($34M), Indonesia ($22.6M), and Australia ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$1.77M (2.25k%)
Spain$355k (782%)
Indonesia$199k (74.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Philippines WERE (2021 - 2022):
Bangladesh-$1.35M (-48.2%)
Bermuda-$916k (-100%)
Chinese Taipei-$651k (-71.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $305k
TOP IMPORT POTENTIALIndia+ $13.8M

Cotton’s highest export potential is Indonesia. With an export gap of $305k.   Cotton’s highest import potential is India with an import gap of $13.8M.

See methodology.

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