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2023
Exports $20MWorld Rnk 29 / 209
Flag Rnk 245 / 1123
2023
Destination $212k United States
2022 - 2023
FASTEST GROWING MARKET $212kSingapore
2023
PRODUCT COMPLEXITY IN Eyewear0.65Rnk 304 / 1025
2023
Imports $24.4MWorld Rnk 53 / 222
Flag Rnk 481 / 1202
2023
Origin $600k China
2022 - 2023
FASTEST GROWING ORIGIN $600kChinese Taipei
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $20M in Eyewear, making it the 29th largest exporter of Eyewear in the world. At the same year, Eyewear was the 245th most exported product in Philippines. The main destination of Eyewear exports from Philippines are: United States ($19M), Denmark ($363k), Singapore ($219k), China ($197k), and Hong Kong ($56.7k).

The fastest growing export markets for Eyewear of Philippines between 2022 and 2023 were Singapore ($212k), China ($196k), and Saudi Arabia ($25.6k).

Imports In 2023, Philippines imported $24.4M in Eyewear, becoming the 53rd largest importer of Eyewear in the world. At the same year, Eyewear was the 481st most imported product in Philippines. Philippines imports Eyewear primarily from: China ($18.1M), Hong Kong ($2.44M), Chinese Taipei ($1.15M), Italy ($714k), and Singapore ($437k).

The fastest growing import markets in Eyewear for Philippines between 2022 and 2023 were Chinese Taipei ($600k), United Arab Emirates ($97.7k), and Vietnam ($94k).

COMPANIES In 2023, leading companies such as Michael Kors (1) were at the forefront of shipping Eyewear from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Eyewear exports accounted up to $1.16k and imports accounted up to $1.66M, resulting in a negative trade balance of $1.66M. Between July 2023 and July 2024 the exports of Philippines'   Eyewear have decreased by $-19.5k (-94.4%) from $20.7k to $1.16k, while imports decreased by $-732k (-30.6%) from $2.39M to $1.66M.

Destinations In July 2024, Eyewear were exported mostly to Malaysia ($469), Singapore ($427), Thailand ($173), and India ($91), and were imported mostly from China ($628k), Hong Kong ($496k), Italy ($194k), Japan ($152k), and Australia ($60.8k).

Growth In July 2024, the decrease in Eyewear's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Eyewear's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-3.71k or -67.4%), Germany ($-1.46k or -89.9%), and Denmark ($-1.25k or -84.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-19.5k(-94.4%)
IMPORT GROWTH (July 2023 - July 2024)$-732k(-30.6%)
MAIN DESTINATION (July 2024)Malaysia$469

This section shows Eyewear'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 Eyewear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20M
IMPORTS (2023)$24.4M
NET TRADE (2023)-$4.45M

In 2023, Philippines exported $20M in Eyewear. The main destinations of Philippines exports on Eyewear were United States ($19M), Denmark ($363k), Singapore ($219k), China ($197k), and Hong Kong ($56.7k).

In 2023, Philippines imported $24.4M in Eyewear, mainly from China ($18.1M), Hong Kong ($2.44M), Chinese Taipei ($1.15M), Italy ($714k), and Singapore ($437k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Eyewear EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$212k (3.28k%)
China$196k (16.2k%)
Saudi Arabia$25.6k (6.45k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Eyewear BY Philippines WERE (2022 - 2023):
United States-$243k (-1.26%)
United Kingdom-$94.4k (-100%)
Hong Kong-$71.6k (-55.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Eyewear were:
China $4.95B
Italy $3.68B
Chinese Taipei $542M
In 2023, Philippines's main importing competitors in Eyewear were:
United States $2.81B
Hong Kong $1.01B
Italy $732M

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Trade Value of Eyewear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.92M
TOP IMPORT POTENTIALChina+ $5.51M

Eyewear’s highest export potential is United States. With an export gap of $3.92M.   Eyewear’s highest import potential is China with an import gap of $5.51M.

See methodology.

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