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2022
Exports $59.9MWorld Rnk 29 / 193
Flag Rnk 155 / 1127
2022
Destination $323k United States
2021 - 2022
FASTEST GROWING MARKET $323kKuwait
2022
PRODUCT COMPLEXITY IN Knit Women's Undergarments-1.38Rnk 928 / 1025
2022
Imports $95.4MWorld Rnk 31 / 214
Flag Rnk 276 / 1201
2022
Origin $14.7M China
2021 - 2022
FASTEST GROWING ORIGIN $14.7MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $59.9M in Knit Women's Undergarments, making it the 29th largest exporter of Knit Women's Undergarments in the world. At the same year, Knit Women's Undergarments was the 155th most exported product in Philippines. The main destination of Knit Women's Undergarments exports from Philippines are: United States ($45.8M), South Korea ($9.46M), Canada ($1.16M), Japan ($1.07M), and Kuwait ($401k).

The fastest growing export markets for Knit Women's Undergarments of Philippines between 2021 and 2022 were Kuwait ($323k), Germany ($229k), and United Kingdom ($228k).

Imports In 2022, Philippines imported $95.4M in Knit Women's Undergarments, becoming the 31st largest importer of Knit Women's Undergarments in the world. At the same year, Knit Women's Undergarments was the 276th most imported product in Philippines. Philippines imports Knit Women's Undergarments primarily from: China ($89.8M), Thailand ($1.6M), Bangladesh ($902k), Vietnam ($756k), and Indonesia ($706k).

The fastest growing import markets in Knit Women's Undergarments for Philippines between 2021 and 2022 were China ($14.7M), Thailand ($692k), and Bangladesh ($521k).

COMPANIES In 2023, leading companies such as JP Boden Services (2) and Amazon (1) were at the forefront of shipping Knit Women's Undergarments from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Knit Women's Undergarments exports accounted up to $3.63M and imports accounted up to $917k, resulting in a positive trade balance of $2.72M. Between August 2023 and August 2024 the exports of Philippines'   Knit Women's Undergarments have increased by $1.02M (39.2%) from $2.61M to $3.63M, while imports increased by $57k (6.63%) from $860k to $917k.

Destinations In August 2024, Knit Women's Undergarments were exported mostly to United States ($2.98M), South Korea ($223k), Japan ($199k), Canada ($150k), and Tonga ($28.2k), and were imported mostly from China ($656k), Vietnam ($101k), Bangladesh ($67.6k), Sri Lanka ($39.6k), and India ($25.1k).

Growth In August 2024, the increase in Knit Women's Undergarments's year-by-year exports was explained primarily by an increase in exports to Japan ($5.93k or 40.2%). In August 2024, the increase in Knit Women's Undergarments's year-by-year imports was explained primarily by an increase in imports from Vietnam ($75.8k or 203%), China ($56k or 24.1%), and Bangladesh ($42.9k or 166%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1.02M(39.2%)
IMPORT GROWTH (August 2023 - August 2024)$57k(6.63%)
MAIN DESTINATION (August 2024)United States$2.98M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$59.9M
IMPORTS (2022)$95.4M
NET TRADE (2022)-$35.5M

In 2022, Philippines exported $59.9M in Knit Women's Undergarments. The main destinations of Philippines exports on Knit Women's Undergarments were United States ($45.8M), South Korea ($9.46M), Canada ($1.16M), Japan ($1.07M), and Kuwait ($401k).

In 2022, Philippines imported $95.4M in Knit Women's Undergarments, mainly from China ($89.8M), Thailand ($1.6M), Bangladesh ($902k), Vietnam ($756k), and Indonesia ($706k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Undergarments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Kuwait$323k (414%)
Germany$229k (399%)
United Kingdom$228k (298%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Undergarments BY Philippines WERE (2021 - 2022):
United States-$1.2M (-2.56%)
South Korea-$572k (-5.7%)
Poland-$436k (-67.1%)
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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 Undergarments were:
China $6.96B
Bangladesh $1.74B
Vietnam $1.05B
In 2022, Philippines's main importing competitors in Knit Women's Undergarments were:
United States $4.19B
Germany $1.23B
United Kingdom $817M

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Trade Value of Knit Women's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.94M
TOP IMPORT POTENTIALVietnam+ $1.95M

Knit Women's Undergarments’s highest export potential is United States. With an export gap of $7.94M.   Knit Women's Undergarments’s highest import potential is Vietnam with an import gap of $1.95M.

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