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2022
Exports $61.2MWorld Rnk 31 / 213
Flag Rnk 153 / 1127
2022
Destination $3.64M United States
2021 - 2022
FASTEST GROWING MARKET $3.64MUnited States
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Shirts-1.22Rnk 883 / 1025
2022
Imports $38.4MWorld Rnk 47 / 219
Flag Rnk 440 / 1201
2022
Origin $12.6M China
2021 - 2022
FASTEST GROWING ORIGIN $12.6MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $61.2M in Non-Knit Men's Shirts, making it the 31st largest exporter of Non-Knit Men's Shirts in the world. At the same year, Non-Knit Men's Shirts was the 153rd most exported product in Philippines. The main destination of Non-Knit Men's Shirts exports from Philippines are: United States ($17.3M), Italy ($6.24M), South Korea ($4.84M), Germany ($4.75M), and Japan ($4.05M).

The fastest growing export markets for Non-Knit Men's Shirts of Philippines between 2021 and 2022 were United States ($3.64M), United Kingdom ($3.5M), and South Korea ($1.96M).

Imports In 2022, Philippines imported $38.4M in Non-Knit Men's Shirts, becoming the 47th largest importer of Non-Knit Men's Shirts in the world. At the same year, Non-Knit Men's Shirts was the 440th most imported product in Philippines. Philippines imports Non-Knit Men's Shirts primarily from: China ($16.6M), Hong Kong ($6.8M), Malaysia ($3.51M), Bangladesh ($2.02M), and Vietnam ($1.83M).

The fastest growing import markets in Non-Knit Men's Shirts for Philippines between 2021 and 2022 were China ($12.6M), Hong Kong ($3.58M), and Vietnam ($1.52M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Non-Knit Men's Shirts exports accounted up to $1.65M and imports accounted up to $3.03M, resulting in a negative trade balance of $1.38M. Between August 2023 and August 2024 the exports of Philippines'   Non-Knit Men's Shirts have decreased by $-360k (-17.9%) from $2.01M to $1.65M, while imports decreased by $-1.2M (-28.3%) from $4.23M to $3.03M.

Destinations In August 2024, Non-Knit Men's Shirts were exported mostly to Thailand ($700k), Italy ($580k), United States ($245k), Japan ($62k), and South Korea ($25.3k), and were imported mostly from China ($1.52M), Hong Kong ($620k), Bangladesh ($159k), Singapore ($135k), and Morocco ($110k).

Growth In August 2024, the decrease in Non-Knit Men's Shirts's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.05M or -49.8%). In August 2024, the decrease in Non-Knit Men's Shirts's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-166k or -30.3%), Vietnam ($-68.1k or -93.8%), and France ($-46k or -99.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-360k(-17.9%)
IMPORT GROWTH (August 2023 - August 2024)$-1.2M(-28.3%)
MAIN DESTINATION (August 2024)Thailand$700k

This section shows Non-Knit Men's Shirts'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 Men's Shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$61.2M
IMPORTS (2022)$38.4M
NET TRADE (2022)$22.8M

In 2022, Philippines exported $61.2M in Non-Knit Men's Shirts. The main destinations of Philippines exports on Non-Knit Men's Shirts were United States ($17.3M), Italy ($6.24M), South Korea ($4.84M), Germany ($4.75M), and Japan ($4.05M).

In 2022, Philippines imported $38.4M in Non-Knit Men's Shirts, mainly from China ($16.6M), Hong Kong ($6.8M), Malaysia ($3.51M), Bangladesh ($2.02M), and Vietnam ($1.83M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Shirts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$3.64M (26.6%)
United Kingdom$3.5M (723%)
South Korea$1.96M (67.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Shirts BY Philippines WERE (2021 - 2022):
Spain-$1.46M (-61.2%)
Germany-$1.3M (-21.5%)
Austria-$848k (-99.9%)
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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 Men's Shirts were:
Bangladesh $2.59B
China $2.27B
Vietnam $1.14B
In 2022, Philippines's main importing competitors in Non-Knit Men's Shirts were:
United States $3.66B
Germany $1.06B
Japan $661M

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Trade Value of Non-Knit Men's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.14M
TOP IMPORT POTENTIALChina+ $5.04M

Non-Knit Men's Shirts’s highest export potential is United States. With an export gap of $9.14M.   Non-Knit Men's Shirts’s highest import potential is China with an import gap of $5.04M.

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