Knit T-shirts in   Philippines

Overview In August 2024 Philippines' Knit T-shirts exports accounted up to $1.96M and imports accounted up to $11.2M, resulting in a negative trade balance of $9.28M. Between August 2023 and August 2024 the exports of Philippines'   Knit T-shirts have decreased by $-750k (-27.6%) from $2.72M to $1.96M, while imports increased by $2.54M (29.2%) from $8.71M to $11.2M.

Destinations In August 2024, Knit T-shirts were exported mostly to United States ($964k), Japan ($503k), South Korea ($95.1k), Tonga ($50.9k), and Hong Kong ($43.1k), and were imported mostly from China ($3.89M), Vietnam ($3.85M), Cambodia ($845k), Bangladesh ($820k), and Indonesia ($257k).

Growth In August 2024, the decrease in Knit T-shirts's year-by-year exports was explained primarily by a decrease in exports to Sierra Leone ($-17k or -80.6%), Guam ($-14.2k or -51.5%), and Micronesia ($-8.61k or -80.9%). In August 2024, the increase in Knit T-shirts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($1.65M or 157%), China ($1.18M or 61.1%), and Bangladesh ($443k or 83.8%).