HS Icon Knit Sweaters in  Flag Philippines

2021
Exports | Imports
: $107M | $260M, World Rnk 47 / 220
Flag Rnk 110 / 1111 | World Rnk 35 / 217
Flag 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

Subnational Monthly Trade

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Time Scale
Flow
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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.

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Historical Data

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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).

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Flow

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):

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Market Concentration

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In 2021, Philippines's main exporting competitors in Knit Sweaters were:

In 2021, Philippines's main importing competitors in Knit Sweaters were:

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