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2022
Exports $29.2MWorld Rnk 12 / 172
Flag Rnk 218 / 1127
2022
Destination $10.8M United States
2021 - 2022
FASTEST GROWING MARKET $10.8MUnited States
2022
PRODUCT COMPLEXITY IN Non-Knit Gloves-1.39Rnk 931 / 1025
2022
Imports $2.07MWorld Rnk 57 / 215
Flag Rnk 942 / 1201
2022
Origin $36.3k China
2021 - 2022
FASTEST GROWING ORIGIN $36.3kItaly
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $29.2M in Non-Knit Gloves, making it the 12th largest exporter of Non-Knit Gloves in the world. At the same year, Non-Knit Gloves was the 218th most exported product in Philippines. The main destination of Non-Knit Gloves exports from Philippines are: United States ($17.7M), Ukraine ($3.56M), Netherlands ($2.5M), Canada ($1.45M), and Mexico ($1.28M).

The fastest growing export markets for Non-Knit Gloves of Philippines between 2021 and 2022 were United States ($10.8M), Ukraine ($3.55M), and Netherlands ($2.31M).

Imports In 2022, Philippines imported $2.07M in Non-Knit Gloves, becoming the 57th largest importer of Non-Knit Gloves in the world. At the same year, Non-Knit Gloves was the 942nd most imported product in Philippines. Philippines imports Non-Knit Gloves primarily from: China ($1.45M), Japan ($205k), Chinese Taipei ($65k), Vietnam ($58.7k), and Singapore ($51.8k).

The fastest growing import markets in Non-Knit Gloves for Philippines between 2021 and 2022 were Italy ($36.3k), Vietnam ($24.2k), and Japan ($15.8k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Non-Knit Gloves exports accounted up to $1.86M and imports accounted up to $179k, resulting in a positive trade balance of $1.68M. Between August 2023 and August 2024 the exports of Philippines'   Non-Knit Gloves have decreased by $-614k (-24.8%) from $2.48M to $1.86M, while imports increased by $17.7k (11%) from $161k to $179k.

Destinations In August 2024, Non-Knit Gloves were exported mostly to United States ($1.36M), Netherlands ($183k), Japan ($106k), Australia ($61.6k), and Canada ($54.9k), and were imported mostly from China ($115k), Vietnam ($35k), Japan ($8.44k), Chinese Taipei ($5.35k), and India ($4.62k).

Growth In August 2024, the decrease in Non-Knit Gloves's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.04M or -77.3%). In August 2024, the increase in Non-Knit Gloves's year-by-year imports was explained primarily by an increase in imports from China ($17.5k or 33%), Indonesia ($2.78k or 138%), and Spain ($1.93k or 1.95k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-614k(-24.8%)
IMPORT GROWTH (August 2023 - August 2024)$17.7k(11%)
MAIN DESTINATION (August 2024)United States$1.36M

This section shows Non-Knit Gloves'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 Non-Knit Gloves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.2M
IMPORTS (2022)$2.07M
NET TRADE (2022)$27.2M

In 2022, Philippines exported $29.2M in Non-Knit Gloves. The main destinations of Philippines exports on Non-Knit Gloves were United States ($17.7M), Ukraine ($3.56M), Netherlands ($2.5M), Canada ($1.45M), and Mexico ($1.28M).

In 2022, Philippines imported $2.07M in Non-Knit Gloves, mainly from China ($1.45M), Japan ($205k), Chinese Taipei ($65k), Vietnam ($58.7k), and Singapore ($51.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Gloves EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$10.8M (158%)
Ukraine$3.55M (50k%)
Netherlands$2.31M (1.25k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Gloves BY Philippines WERE (2021 - 2022):
Chinese Taipei-$55.9k (-72.2%)
Sweden-$46k (-52.5%)
Indonesia-$43.9k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Non-Knit Gloves were:
China $606M
Vietnam $200M
Indonesia $88M
In 2022, Philippines's main importing competitors in Non-Knit Gloves were:
United States $427M
Germany $111M
Canada $80.4M

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Trade Value of Non-Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $486k
TOP IMPORT POTENTIALChina+ $615k

Non-Knit Gloves’s highest export potential is Canada. With an export gap of $486k.   Non-Knit Gloves’s highest import potential is China with an import gap of $615k.

See methodology.

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