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2022
Exports $64.6MWorld Rnk 19 / 196
Flag Rnk 147 / 1127
2022
Destination $38.4M United States
2021 - 2022
FASTEST GROWING MARKET $38.4MUnited States
2022
PRODUCT COMPLEXITY IN Knit Women's Shirts-1.35Rnk 923 / 1025
2022
Imports $17.2MWorld Rnk 43 / 221
Flag Rnk 607 / 1201
2022
Origin $1.22M China
2021 - 2022
FASTEST GROWING ORIGIN $1.22MVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $64.6M in Knit Women's Shirts, making it the 19th largest exporter of Knit Women's Shirts in the world. At the same year, Knit Women's Shirts was the 147th most exported product in Philippines. The main destination of Knit Women's Shirts exports from Philippines are: United States ($52.6M), Japan ($4.72M), South Korea ($1.15M), Canada ($984k), and Italy ($830k).

The fastest growing export markets for Knit Women's Shirts of Philippines between 2021 and 2022 were United States ($38.4M), Canada ($639k), and Italy ($556k).

Imports In 2022, Philippines imported $17.2M in Knit Women's Shirts, becoming the 43rd largest importer of Knit Women's Shirts in the world. At the same year, Knit Women's Shirts was the 607th most imported product in Philippines. Philippines imports Knit Women's Shirts primarily from: China ($12.7M), Vietnam ($1.98M), Indonesia ($572k), Singapore ($441k), and Bangladesh ($420k).

The fastest growing import markets in Knit Women's Shirts for Philippines between 2021 and 2022 were Vietnam ($1.22M), Indonesia ($481k), and Bangladesh ($294k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Knit Women's Shirts exports accounted up to $1.33M and imports accounted up to $466k, resulting in a positive trade balance of $868k. Between August 2023 and August 2024 the exports of Philippines'   Knit Women's Shirts have decreased by $-462k (-25.7%) from $1.8M to $1.33M, while imports increased by $1.37k (0.3%) from $465k to $466k.

Destinations In August 2024, Knit Women's Shirts were exported mostly to United States ($940k), Japan ($380k), Hong Kong ($3.64k), Chinese Taipei ($3.61k), and United Kingdom ($3.38k), and were imported mostly from China ($209k), Italy ($102k), Vietnam ($79.2k), Bangladesh ($45.3k), and India ($11.1k).

Growth In August 2024, the decrease in Knit Women's Shirts's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.29M or -26.5%), South Korea ($-77.6k or -85.3%), and Chinese Taipei ($-38.3k or -99.8%). In August 2024, the increase in Knit Women's Shirts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($183k or 280%), China ($102k or 535%), and Indonesia ($43.2k or 621%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-462k(-25.7%)
IMPORT GROWTH (August 2023 - August 2024)$1.37k(0.3%)
MAIN DESTINATION (August 2024)United States$940k

This section shows Knit Women's Shirts'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 Women's Shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.6M
IMPORTS (2022)$17.2M
NET TRADE (2022)$47.4M

In 2022, Philippines exported $64.6M in Knit Women's Shirts. The main destinations of Philippines exports on Knit Women's Shirts were United States ($52.6M), Japan ($4.72M), South Korea ($1.15M), Canada ($984k), and Italy ($830k).

In 2022, Philippines imported $17.2M in Knit Women's Shirts, mainly from China ($12.7M), Vietnam ($1.98M), Indonesia ($572k), Singapore ($441k), and Bangladesh ($420k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Shirts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$38.4M (271%)
Canada$639k (185%)
Italy$556k (203%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Shirts BY Philippines WERE (2021 - 2022):
Japan-$1.07M (-18.4%)
South Korea-$765k (-40.1%)
Mexico-$175k (-78%)
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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 Women's Shirts were:
China $805M
Bangladesh $450M
Vietnam $402M
In 2022, Philippines's main importing competitors in Knit Women's Shirts were:
United States $1.19B
Germany $467M
Japan $267M

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Trade Value of Knit Women's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.49M
TOP IMPORT POTENTIALVietnam+ $1.35M

Knit Women's Shirts’s highest export potential is United States. With an export gap of $2.49M.   Knit Women's Shirts’s highest import potential is Vietnam with an import gap of $1.35M.

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