2023
Exports
$9.38MWorld Rnk 43 / 195
Flag Rnk 322 / 1123
2023
PRODUCT COMPLEXITY IN Knit Babies' Garments
-1.57Rnk 954 / 1025
2023
Imports
$5.84MWorld Rnk 79 / 216
Flag Rnk 765 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $9.38M in Knit Babies' Garments, making it the 43rd largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 322nd most exported product in Philippines. The main destination of Knit Babies' Garments exports from Philippines are: United States ($6.71M), Japan ($1.02M), Indonesia ($288k), Saudi Arabia ($287k), and Singapore ($177k).

The fastest growing export markets for Knit Babies' Garments of Philippines between 2022 and 2023 were Singapore ($123k), Indonesia ($107k), and Spain ($101k).

Imports In 2023, Philippines imported $5.84M in Knit Babies' Garments, becoming the 79th largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 765th most imported product in Philippines. Philippines imports Knit Babies' Garments primarily from: China ($3.4M), Bangladesh ($830k), India ($340k), Cambodia ($257k), and Thailand ($222k).

The fastest growing import markets in Knit Babies' Garments for Philippines between 2022 and 2023 were China ($978k), Bangladesh ($186k), and India ($181k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$419k(141%)
IMPORT GROWTH (July 2023 - July 2024)$-78.4k(-20.6%)
MAIN DESTINATION (July 2024)United Arab Emirates$452k

This section shows Knit Babies' Garments'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 Knit Babies' Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.38M
IMPORTS (2023)$5.84M
NET TRADE (2023)$3.54M

In 2023, Philippines exported $9.38M in Knit Babies' Garments. The main destinations of Philippines exports on Knit Babies' Garments were United States ($6.71M), Japan ($1.02M), Indonesia ($288k), Saudi Arabia ($287k), and Singapore ($177k).

In 2023, Philippines imported $5.84M in Knit Babies' Garments, mainly from China ($3.4M), Bangladesh ($830k), India ($340k), Cambodia ($257k), and Thailand ($222k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Singapore$123k (224%)
Indonesia$107k (58.7%)
Spain$101k (378%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY Philippines WERE (2022 - 2023):
United States-$1.69M (-20.1%)
Japan-$765k (-42.8%)
United Arab Emirates-$362k (-73.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Knit Babies' Garments were:
In 2023, Philippines's main importing competitors in Knit Babies' Garments were:

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.24M
TOP IMPORT POTENTIALChina+ $2.84M

Knit Babies' Garments’s highest export potential is United States. With an export gap of $3.24M.   Knit Babies' Garments’s highest import potential is China with an import gap of $2.84M.

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