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2022
Exports $41MWorld Rnk 28 / 190
Flag Rnk 186 / 1127
2022
Destination $17.3M United States
2021 - 2022
FASTEST GROWING MARKET $17.3MUnited States
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $70.1MWorld Rnk 26 / 217
Flag Rnk 333 / 1201
2022
Origin $15.1M China
2021 - 2022
FASTEST GROWING ORIGIN $15.1MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $41M in Knit Men's Undergarments, making it the 28th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 186th most exported product in Philippines. The main destination of Knit Men's Undergarments exports from Philippines are: United States ($25.4M), South Korea ($4.14M), Japan ($3.2M), Germany ($2.24M), and Netherlands ($1.44M).

The fastest growing export markets for Knit Men's Undergarments of Philippines between 2021 and 2022 were United States ($17.3M), Japan ($1.24M), and Germany ($1.23M).

Imports In 2022, Philippines imported $70.1M in Knit Men's Undergarments, becoming the 26th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 333rd most imported product in Philippines. Philippines imports Knit Men's Undergarments primarily from: China ($68.1M), Bangladesh ($428k), Vietnam ($422k), Cambodia ($283k), and Malaysia ($144k).

The fastest growing import markets in Knit Men's Undergarments for Philippines between 2021 and 2022 were China ($15.1M), Vietnam ($268k), and Bangladesh ($232k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Knit Men's Undergarments exports accounted up to $2.04M and imports accounted up to $392k, resulting in a positive trade balance of $1.65M. Between August 2023 and August 2024 the exports of Philippines'   Knit Men's Undergarments have increased by $1.19M (140%) from $851k to $2.04M, while imports decreased by $-101k (-20.6%) from $493k to $392k.

Destinations In August 2024, Knit Men's Undergarments were exported mostly to United States ($1.78M), Japan ($141k), South Korea ($69k), Nigeria ($17.6k), and Tonga ($9.04k), and were imported mostly from China ($309k), Vietnam ($40.7k), Bangladesh ($33.1k), Pakistan ($3.77k), and United States ($2.49k).

Growth In August 2024, the increase in Knit Men's Undergarments's year-by-year exports was explained primarily by an increase in exports to South Korea ($297 or 0.19%). In August 2024, the decrease in Knit Men's Undergarments's year-by-year imports was explained primarily by a decrease in imports from China ($-74.8k or -16.4%), Cambodia ($-12.9k or -78.1%), and Burma ($-673 or -58.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1.19M(140%)
IMPORT GROWTH (August 2023 - August 2024)$-101k(-20.6%)
MAIN DESTINATION (August 2024)United States$1.78M

This section shows Knit Men's Undergarments'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 Men's Undergarments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41M
IMPORTS (2022)$70.1M
NET TRADE (2022)-$29.1M

In 2022, Philippines exported $41M in Knit Men's Undergarments. The main destinations of Philippines exports on Knit Men's Undergarments were United States ($25.4M), South Korea ($4.14M), Japan ($3.2M), Germany ($2.24M), and Netherlands ($1.44M).

In 2022, Philippines imported $70.1M in Knit Men's Undergarments, mainly from China ($68.1M), Bangladesh ($428k), Vietnam ($422k), Cambodia ($283k), and Malaysia ($144k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$17.3M (215%)
Japan$1.24M (63.3%)
Germany$1.23M (123%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Philippines WERE (2021 - 2022):
Poland-$184k (-30.9%)
Austria-$130k (-99.7%)
Greece-$75.7k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Knit Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, Philippines's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.75M
TOP IMPORT POTENTIALVietnam+ $1.11M

Knit Men's Undergarments’s highest export potential is United States. With an export gap of $4.75M.   Knit Men's Undergarments’s highest import potential is Vietnam with an import gap of $1.11M.

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