2022
Exports
$155MWorld Rnk 32 / 215
Flag Rnk 80 / 1127
2022
PRODUCT COMPLEXITY IN Knit Women's Suits
-1.27Rnk 900 / 1025
2022
Imports
$309MWorld Rnk 27 / 220
Flag Rnk 115 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $155M in Knit Women's Suits, making it the 32nd largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 80th most exported product in Philippines. The main destination of Knit Women's Suits exports from Philippines are: United States ($77.7M), Canada ($16.8M), Germany ($14.6M), South Korea ($6.32M), and United Kingdom ($3.87M).

The fastest growing export markets for Knit Women's Suits of Philippines between 2021 and 2022 were United States ($19.7M), Canada ($4.46M), and United Kingdom ($2.59M).

Imports In 2022, Philippines imported $309M in Knit Women's Suits, becoming the 27th largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 115th most imported product in Philippines. Philippines imports Knit Women's Suits primarily from: China ($273M), Vietnam ($15.2M), Morocco ($4.2M), Bangladesh ($3.67M), and Indonesia ($2.32M).

The fastest growing import markets in Knit Women's Suits for Philippines between 2021 and 2022 were Vietnam ($9.77M), China ($5.4M), and Morocco ($1.93M).

COMPANIES In 2023, leading companies such as Adidas (5), Reebok (3), and JP Boden Services (1) were at the forefront of shipping Knit Women's Suits from Philippines to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.56M(-36.9%)
IMPORT GROWTH (June 2023 - June 2024)$-1.85M(-45.9%)
MAIN DESTINATION (June 2024)United States$3.84M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$155M
IMPORTS (2022)$309M
NET TRADE (2022)-$154M

In 2022, Philippines exported $155M in Knit Women's Suits. The main destinations of Philippines exports on Knit Women's Suits were United States ($77.7M), Canada ($16.8M), Germany ($14.6M), South Korea ($6.32M), and United Kingdom ($3.87M).

In 2022, Philippines imported $309M in Knit Women's Suits, mainly from China ($273M), Vietnam ($15.2M), Morocco ($4.2M), Bangladesh ($3.67M), and Indonesia ($2.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$19.7M (34%)
Canada$4.46M (36.2%)
United Kingdom$2.59M (204%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY Philippines WERE (2021 - 2022):
Austria-$1.36M (-98.7%)
Russia-$1.33M (-100%)
Japan-$1.19M (-25%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Knit Women's Suits were:
In 2022, Philippines's main importing competitors in Knit Women's Suits were:

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Trade Value of Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.9M
TOP IMPORT POTENTIALVietnam+ $16.6M

Knit Women's Suits’s highest export potential is United States. With an export gap of $22.9M.   Knit Women's Suits’s highest import potential is Vietnam with an import gap of $16.6M.

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