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2023
Exports $4.65MWorld Rnk 55 / 177
Flag Rnk 401 / 1123
2023
Destination $1.9M United States
2022 - 2023
FASTEST GROWING MARKET $1.9MUnited States
2023
PRODUCT COMPLEXITY IN Light Pure Woven Cotton-1.02Rnk 833 / 1025
2023
Imports $90.4MWorld Rnk 33 / 215
Flag Rnk 223 / 1202
2023
Origin $470k China
2022 - 2023
FASTEST GROWING ORIGIN $470kVietnam
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $4.65M in Light Pure Woven Cotton, making it the 55th largest exporter of Light Pure Woven Cotton in the world. At the same year, Light Pure Woven Cotton was the 401st most exported product in Philippines. The main destination of Light Pure Woven Cotton exports from Philippines are: United States ($3.68M), China ($686k), United Kingdom ($133k), Japan ($46.6k), and Switzerland ($31k).

The fastest growing export markets for Light Pure Woven Cotton of Philippines between 2022 and 2023 were United States ($1.9M), China ($631k), and United Kingdom ($96k).

Imports In 2023, Philippines imported $90.4M in Light Pure Woven Cotton, becoming the 33rd largest importer of Light Pure Woven Cotton in the world. At the same year, Light Pure Woven Cotton was the 223rd most imported product in Philippines. Philippines imports Light Pure Woven Cotton primarily from: China ($75.3M), Hong Kong ($3.41M), Italy ($2.03M), Japan ($2.02M), and South Korea ($1.92M).

The fastest growing import markets in Light Pure Woven Cotton for Philippines between 2022 and 2023 were Vietnam ($470k), Japan ($336k), and Hong Kong ($296k).

COMPANIES In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (1) and Puma (1) were at the forefront of shipping Light Pure Woven Cotton from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Light Pure Woven Cotton exports accounted up to $2.12k and imports accounted up to $1.54M, resulting in a negative trade balance of $1.54M. Between March 2023 and July 2024 the exports of Philippines'   Light Pure Woven Cotton have decreased by $-91.3k (-97.7%) from $93.4k to $2.12k, while imports decreased by $-401k (-20.6%) from $1.94M to $1.54M.

Destinations In July 2024, Light Pure Woven Cotton were exported mostly to Japan ($2.12k), and were imported mostly from China ($795k), Italy ($218k), Indonesia ($134k), Japan ($115k), and Chinese Taipei ($82.9k).

Growth In July 2024, the decrease in Light Pure Woven Cotton's year-by-year exports was explained primarily by a decrease in exports to China ($-1.01k or -51.4%). In July 2024, the decrease in Light Pure Woven Cotton's year-by-year imports was explained primarily by a decrease in imports from Italy ($-853k or -80.4%), China ($-591k or -17.3%), and Vietnam ($-145k or -70.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - July 2024)$-91.3k(-97.7%)
IMPORT GROWTH (July 2023 - July 2024)$-401k(-20.6%)
MAIN DESTINATION (July 2024)Japan$2.12k

This section shows Light Pure Woven Cotton'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 Light Pure Woven Cotton over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.65M
IMPORTS (2023)$90.4M
NET TRADE (2023)-$85.8M

In 2023, Philippines exported $4.65M in Light Pure Woven Cotton. The main destinations of Philippines exports on Light Pure Woven Cotton were United States ($3.68M), China ($686k), United Kingdom ($133k), Japan ($46.6k), and Switzerland ($31k).

In 2023, Philippines imported $90.4M in Light Pure Woven Cotton, mainly from China ($75.3M), Hong Kong ($3.41M), Italy ($2.03M), Japan ($2.02M), and South Korea ($1.92M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Light Pure Woven Cotton EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United States$1.9M (107%)
China$631k (1.16k%)
United Kingdom$96k (259%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Pure Woven Cotton BY Philippines WERE (2022 - 2023):
Romania-$22.4k (-100%)
Sierra Leone-$13.4k (-100%)
France-$10.2k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Light Pure Woven Cotton were:
China $3.58B
India $997M
Pakistan $685M
In 2023, Philippines's main importing competitors in Light Pure Woven Cotton were:
Bangladesh $722M
Vietnam $695M
United States $393M

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Trade Value of Light Pure Woven Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $14.4k
TOP IMPORT POTENTIALItaly+ $2.08M

Light Pure Woven Cotton’s highest export potential is South Korea. With an export gap of $14.4k.   Light Pure Woven Cotton’s highest import potential is Italy with an import gap of $2.08M.

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