Non-Knit Men's Suits in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $89M in Non-Knit Men's Suits, making it the 49th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 126th most exported product in Philippines. The main destination of Non-Knit Men's Suits exports from Philippines are: United States ($25.6M), South Korea ($21.5M), Canada ($6.81M), United Kingdom ($4.97M), and Japan ($4.66M).

The fastest growing export markets for Non-Knit Men's Suits of Philippines between 2021 and 2022 were South Korea ($7.68M), United States ($5.97M), and United Kingdom ($3.87M).

Imports In 2022, Philippines imported $236M in Non-Knit Men's Suits, becoming the 38th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 138th most imported product in Philippines. Philippines imports Non-Knit Men's Suits primarily from: China ($189M), Vietnam ($11.5M), Bangladesh ($9.16M), Cambodia ($6.28M), and Indonesia ($4.81M).

The fastest growing import markets in Non-Knit Men's Suits for Philippines between 2021 and 2022 were China ($9.51M), Vietnam ($7.53M), and Bangladesh ($6.44M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Non-Knit Men's Suits from Philippines to the United States.

Latest Trends

August 2021

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Overview In August 2021 Philippines' Non-Knit Men's Suits exports accounted up to $478k and imports accounted up to $3.76M, resulting in a negative trade balance of $3.28M. Between August 2020 and August 2021 the exports of Philippines' Non-Knit Men's Suits have decreased by $-1.22M (-71.9%) from $1.7M to $478k, while imports decreased by $-3.66M (-49.3%) from $7.42M to $3.76M.

Destinations In August 2021, Non-Knit Men's Suits were exported mostly to United States ($412k), Japan ($33.3k), South Korea ($11.3k), Hong Kong ($8.92k), and Thailand ($3.65k), and were imported mostly from China ($2.73M), Indonesia ($299k), Vietnam ($170k), Bangladesh ($165k), and Turkey ($74.5k).

Growth In August 2021, the decrease in Non-Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-507k or -76%), South Korea ($-8.82k or -41.7%), and Chinese Taipei ($-4.84k or -96.2%). In August 2021, the decrease in Non-Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from Spain ($-138k or -66.2%), Thailand ($-18.1k or -71.8%), and Hong Kong ($-13.2k or -53%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-1.22M(-71.9%)

IMPORT GROWTH (August 2020 - August 2021)$-3.66M(-49.3%)

MAIN DESTINATION (August 2021)United States$412k

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

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