Knit Sweaters in Philippines 2021 Exports | Imports : $107M | $260M, World Rnk 47 / 220 Rnk 110 / 1111 | World Rnk 35 / 217 Rnk 110 / 1203
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $4.61M | $28.7M, Japan | China
2021 ECONOMIC COMPLEXITY of Philippines: 0.72, Rnk 37 / 131
2021 PRODUCT COMPLEXITY IN Knit Sweaters: -1.35, Rnk 924 / 1029
Exports In 2021, Philippines exported $107M in Knit Sweaters, making it the 47th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 110th most exported product in Philippines. The main destination of Knit Sweaters exports from Philippines are: United States ($54.4M), Japan ($13M), Germany ($7.83M), Canada ($6.97M), and South Korea ($5.19M).
The fastest growing export markets for Knit Sweaters of Philippines between 2020 and 2021 were Japan ($4.61M), Canada ($2.43M), and South Korea ($975k).
Imports In 2021, Philippines imported $260M in Knit Sweaters, becoming the 35th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 110th most imported product in Philippines. Philippines imports Knit Sweaters primarily from: China ($250M), Spain ($1.86M), Bangladesh ($1.75M), Vietnam ($1.35M), and Singapore ($837k).
The fastest growing import markets in Knit Sweaters for Philippines between 2020 and 2021 were China ($28.7M), Spain ($634k), and Bangladesh ($366k).
Tariffs In 2018, the average tariff for Philippines in Knit Sweaters was 14.2%. The countries with the highest import tariffs for Knit Sweaters were Angola (Most Favoured Nation duty rate treatment, 15%), Burundi (Most Favoured Nation duty rate treatment, 15%), Benin (Most Favoured Nation duty rate treatment, 15%), Burkina Faso (Most Favoured Nation duty rate treatment, 15%), and Botswana (Most Favoured Nation duty rate treatment, 15%).
August 2021
Overview In August 2021 Philippines' Knit Sweaters exports accounted up to N/A5.46M and imports accounted up to N/A1.24M, resulting in a positive trade balance of N/A4.22M. Between August 2020 and August 2021 the exports of Philippines' Knit Sweaters have increased by N/A1.46M (36.5%) from N/A4M to N/A5.46M, while imports decreased by N/A-1.08M (-46.5%) from N/A2.32M to N/A1.24M.
Destinations In August 2021, Knit Sweaters were exported mostly to United States ($5.11M), South Korea ($170k), Australia ($40.8k), Poland ($36.7k), and Japan ($25.1k), and were imported mostly from China ($411k), Vietnam ($200k), Bangladesh ($153k), Indonesia ($113k), and Cambodia ($91.1k).
Growth In August 2021, the increase in Knit Sweaters's year-by-year exports was explained primarily by an increase in exports to United States ($1.93M or 68.7%), Canada ($35.5k or 193%), and United Kingdom ($29.1k or 296%). In August 2021, the decrease in Knit Sweaters's year-by-year imports was explained primarily by a decrease in imports from Spain ($-166k or -59.3%), Pakistan ($-36.2k or -81.7%), and Thailand ($-29.3k or -62%).
EXPORT GROWTH (August 2020 - August 2021): N/A1.46M, (36.5%)
IMPORT GROWTH (August 2020 - August 2021): N/A-1.08M, (-46.5%)
MAIN DESTINATION (August 2021): United States, $5.11M
This section shows Knit Sweaters'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 Sweaters over time.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $107M
IMPORTS (2021): $260M
NET TRADE (2021): -$153M
In 2021, Philippines exported $107M in Knit Sweaters. The main destinations of Philippines exports on Knit Sweaters were United States ($54.4M), Japan ($13M), Germany ($7.83M), Canada ($6.97M), and South Korea ($5.19M).
In 2021, Philippines imported $260M in Knit Sweaters, mainly from China ($250M), Spain ($1.86M), Bangladesh ($1.75M), Vietnam ($1.35M), and Singapore ($837k).
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Philippines WERE (2020 - 2021):
In 2021, Philippines's main exporting competitors in Knit Sweaters were:
In 2021, Philippines's main importing competitors in Knit Sweaters were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 nutria