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2022
Exports $2.6MWorld Rnk 65 / 167
Flag Rnk 489 / 1127
2022
Destination $85k Japan
2021 - 2022
FASTEST GROWING MARKET $85kCanada
2022
PRODUCT COMPLEXITY IN Footwear Parts-0.62Rnk 735 / 1025
2022
Imports $57MWorld Rnk 37 / 207
Flag Rnk 365 / 1201
2022
Origin $6.16M China
2021 - 2022
FASTEST GROWING ORIGIN $6.16MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.6M in Footwear Parts, making it the 65th largest exporter of Footwear Parts in the world. At the same year, Footwear Parts was the 489th most exported product in Philippines. The main destination of Footwear Parts exports from Philippines are: Japan ($1.38M), United States ($407k), Netherlands ($203k), Canada ($156k), and South Korea ($132k).

The fastest growing export markets for Footwear Parts of Philippines between 2021 and 2022 were Canada ($85k), South Korea ($70.7k), and Australia ($45.7k).

Imports In 2022, Philippines imported $57M in Footwear Parts, becoming the 37th largest importer of Footwear Parts in the world. At the same year, Footwear Parts was the 365th most imported product in Philippines. Philippines imports Footwear Parts primarily from: China ($46.3M), Macau ($3.25M), South Korea ($1.97M), Vietnam ($1.52M), and Australia ($1.04M).

The fastest growing import markets in Footwear Parts for Philippines between 2021 and 2022 were China ($6.16M), Macau ($2.44M), and South Korea ($803k).

COMPANIES In 2023, leading companies such as JP Boden Services (1) were at the forefront of shipping Footwear Parts from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Footwear Parts exports accounted up to $47.9k and imports accounted up to $1.99M, resulting in a negative trade balance of $1.94M. Between August 2023 and August 2024 the exports of Philippines'   Footwear Parts have decreased by $-231k (-82.8%) from $279k to $47.9k, while imports decreased by $-1.88M (-48.6%) from $3.87M to $1.99M.

Destinations In August 2024, Footwear Parts were exported mostly to United States ($38.8k), Japan ($7.84k), and Portugal ($1.31k), and were imported mostly from China ($1.06M), Denmark ($311k), Vietnam ($217k), Macau ($198k), and Portugal ($115k).

Growth In August 2024, the decrease in Footwear Parts's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Footwear Parts's year-by-year imports was explained primarily by a decrease in imports from China ($-1.7M or -72.8%), Chinese Taipei ($-64.3k or -93.5%), and Netherlands ($-36.7k or -68.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-231k(-82.8%)
IMPORT GROWTH (August 2023 - August 2024)$-1.88M(-48.6%)
MAIN DESTINATION (August 2024)United States$38.8k

This section shows Footwear Parts'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 Footwear Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.6M
IMPORTS (2022)$57M
NET TRADE (2022)-$54.4M

In 2022, Philippines exported $2.6M in Footwear Parts. The main destinations of Philippines exports on Footwear Parts were Japan ($1.38M), United States ($407k), Netherlands ($203k), Canada ($156k), and South Korea ($132k).

In 2022, Philippines imported $57M in Footwear Parts, mainly from China ($46.3M), Macau ($3.25M), South Korea ($1.97M), Vietnam ($1.52M), and Australia ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear Parts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Canada$85k (120%)
South Korea$70.7k (114%)
Australia$45.7k (286%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear Parts BY Philippines WERE (2021 - 2022):
Netherlands-$802k (-79.8%)
Germany-$457k (-96.1%)
United States-$431k (-51.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Footwear Parts were:
China $4.26B
Vietnam $846M
Italy $811M
In 2022, Philippines's main importing competitors in Footwear Parts were:
Vietnam $1.43B
Italy $1.24B
Germany $554M

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Trade Value of Footwear Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $659k
TOP IMPORT POTENTIALChina+ $6.89M

Footwear Parts’s highest export potential is United States. With an export gap of $659k.   Footwear Parts’s highest import potential is China with an import gap of $6.89M.

See methodology.

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