Knit Sweaters in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $129M in Knit Sweaters, making it the 46th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 91st most exported product in Philippines. The main destination of Knit Sweaters exports from Philippines are: United States ($58.4M), Canada ($13M), Japan ($8.68M), Germany ($8.27M), and China ($6.8M).

The fastest growing export markets for Knit Sweaters of Philippines between 2021 and 2022 were Canada ($6.02M), United Kingdom ($4.87M), and China ($4.75M).

Imports In 2022, Philippines imported $327M in Knit Sweaters, becoming the 35th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 108th most imported product in Philippines. Philippines imports Knit Sweaters primarily from: China ($303M), Vietnam ($4.43M), Bangladesh ($4.26M), Spain ($4.08M), and Italy ($2.77M).

The fastest growing import markets in Knit Sweaters for Philippines between 2021 and 2022 were China ($61.1M), Vietnam ($3.08M), and Bangladesh ($2.52M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Knit Sweaters from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Knit Sweaters exports accounted up to $5.46M and imports accounted up to $1.24M, resulting in a positive trade balance of $4.22M. Between August 2020 and August 2021 the exports of Philippines' Knit Sweaters have increased by $1.46M (36.5%) from $4M to $5.46M, while imports decreased by $-1.08M (-46.5%) from $2.32M to $1.24M.

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%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$1.46M(36.5%)

IMPORT GROWTH (August 2020 - August 2021)$-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.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$129M

IMPORTS (2022)$327M

NET TRADE (2022)-$198M

In 2022, Philippines exported $129M in Knit Sweaters. The main destinations of Philippines exports on Knit Sweaters were United States ($58.4M), Canada ($13M), Japan ($8.68M), Germany ($8.27M), and China ($6.8M).

In 2022, Philippines imported $327M in Knit Sweaters, mainly from China ($303M), Vietnam ($4.43M), Bangladesh ($4.26M), Spain ($4.08M), and Italy ($2.77M).

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