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Pricing

2022
Exports $98.9MWorld Rnk 13 / 214
Flag Rnk 116 / 1127
2022
Destination $23.8M United States
2021 - 2022
FASTEST GROWING MARKET $23.8MUnited States
2022
PRODUCT COMPLEXITY IN Leather Apparel-1.09Rnk 854 / 1025
2022
Imports $20.6MWorld Rnk 45 / 224
Flag Rnk 570 / 1201
2022
Origin $6.64M China
2021 - 2022
FASTEST GROWING ORIGIN $6.64MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $98.9M in Leather Apparel, making it the 13th largest exporter of Leather Apparel in the world. At the same year, Leather Apparel was the 116th most exported product in Philippines. The main destination of Leather Apparel exports from Philippines are: United States ($65.4M), Japan ($12.6M), Italy ($4.18M), Canada ($3.68M), and France ($2.35M).

The fastest growing export markets for Leather Apparel of Philippines between 2021 and 2022 were United States ($23.8M), Italy ($3.13M), and Canada ($2.12M).

Imports In 2022, Philippines imported $20.6M in Leather Apparel, becoming the 45th largest importer of Leather Apparel in the world. At the same year, Leather Apparel was the 570th most imported product in Philippines. Philippines imports Leather Apparel primarily from: China ($14.7M), Italy ($1.84M), Singapore ($948k), Pakistan ($426k), and Spain ($395k).

The fastest growing import markets in Leather Apparel for Philippines between 2021 and 2022 were China ($6.64M), Italy ($429k), and Spain ($314k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Leather Apparel exports accounted up to $8.22M and imports accounted up to $904k, resulting in a positive trade balance of $7.31M. Between August 2023 and August 2024 the exports of Philippines'   Leather Apparel have decreased by $-514k (-5.89%) from $8.73M to $8.22M, while imports decreased by $-188k (-17.2%) from $1.09M to $904k.

Destinations In August 2024, Leather Apparel were exported mostly to United States ($5.95M), Italy ($832k), Japan ($490k), Canada ($319k), and Chinese Taipei ($123k), and were imported mostly from China ($392k), Italy ($155k), Spain ($87.9k), Vietnam ($60.3k), and Indonesia ($43.8k).

Growth In August 2024, the decrease in Leather Apparel's year-by-year exports was explained primarily by a decrease in exports to Japan ($-492k or -25.5%), Germany ($-23.8k or -14.5%), and Chinese Taipei ($-2.48k or -7.74%). In August 2024, the decrease in Leather Apparel's year-by-year imports was explained primarily by a decrease in imports from Germany ($-32.4k or -93.8%), Indonesia ($-6.67k or -43.1%), and South Korea ($-1.72k or -17.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-514k(-5.89%)
IMPORT GROWTH (August 2023 - August 2024)$-188k(-17.2%)
MAIN DESTINATION (August 2024)United States$5.95M

This section shows Leather Apparel'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 Leather Apparel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$98.9M
IMPORTS (2022)$20.6M
NET TRADE (2022)$78.2M

In 2022, Philippines exported $98.9M in Leather Apparel. The main destinations of Philippines exports on Leather Apparel were United States ($65.4M), Japan ($12.6M), Italy ($4.18M), Canada ($3.68M), and France ($2.35M).

In 2022, Philippines imported $20.6M in Leather Apparel, mainly from China ($14.7M), Italy ($1.84M), Singapore ($948k), Pakistan ($426k), and Spain ($395k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather Apparel EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$23.8M (57.1%)
Italy$3.13M (295%)
Canada$2.12M (136%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather Apparel BY Philippines WERE (2021 - 2022):
Chinese Taipei-$274k (-52.5%)
Vietnam-$203k (-62.8%)
South Korea-$173k (-10.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Leather Apparel were:
Italy $1.33B
China $1.3B
India $849M
In 2022, Philippines's main importing competitors in Leather Apparel were:
United States $1.65B
Germany $656M
France $484M

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Trade Value of Leather Apparel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $3.31M
TOP IMPORT POTENTIALChina+ $2.87M

Leather Apparel’s highest export potential is Japan. With an export gap of $3.31M.   Leather Apparel’s highest import potential is China with an import gap of $2.87M.

See methodology.

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