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2022
Exports $89MWorld Rnk 49 / 221
Flag Rnk 126 / 1127
2022
Destination $7.68M United States
2021 - 2022
FASTEST GROWING MARKET $7.68MSouth Korea
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits-1.17Rnk 874 / 1025
2022
Imports $236MWorld Rnk 38 / 225
Flag Rnk 138 / 1201
2022
Origin $9.51M China
2021 - 2022
FASTEST GROWING ORIGIN $9.51MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

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 2023, leading companies such as Adidas (19) were at the forefront of shipping Non-Knit Men's Suits from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Non-Knit Men's Suits exports accounted up to $787k and imports accounted up to $9.02M, resulting in a negative trade balance of $8.23M. Between August 2023 and August 2024 the exports of Philippines'   Non-Knit Men's Suits have decreased by $-2.11M (-72.8%) from $2.9M to $787k, while imports increased by $1.62M (21.9%) from $7.4M to $9.02M.

Destinations In August 2024, Non-Knit Men's Suits were exported mostly to Canada ($169k), Netherlands ($138k), United Kingdom ($123k), Singapore ($97.2k), and United States ($84.5k), and were imported mostly from China ($5.36M), Vietnam ($1.46M), Bangladesh ($720k), Pakistan ($217k), and Egypt ($151k).

Growth In August 2024, the decrease in Non-Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to United States ($-76.5k or -25.6%), Malaysia ($-53.3k or -96.3%), and Japan ($-21.2k or -36.7%). In August 2024, the increase in Non-Knit Men's Suits's year-by-year imports was explained primarily by an increase in imports from China ($819k or 32.4%), Indonesia ($563k or 151%), and Bangladesh ($460k or 75.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.11M(-72.8%)
IMPORT GROWTH (August 2023 - August 2024)$1.62M(21.9%)
MAIN DESTINATION (August 2024)Canada$169k

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$89M
IMPORTS (2022)$236M
NET TRADE (2022)-$147M

In 2022, Philippines exported $89M in Non-Knit Men's Suits. The main destinations of Philippines exports on Non-Knit Men's Suits were United States ($25.6M), South Korea ($21.5M), Canada ($6.81M), United Kingdom ($4.97M), and Japan ($4.66M).

In 2022, Philippines imported $236M in Non-Knit Men's Suits, mainly from China ($189M), Vietnam ($11.5M), Bangladesh ($9.16M), Cambodia ($6.28M), and Indonesia ($4.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$7.68M (55.3%)
United States$5.97M (30.4%)
United Kingdom$3.87M (349%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Philippines WERE (2021 - 2022):
Germany-$2.57M (-53.8%)
Netherlands-$1.16M (-52.2%)
Australia-$806k (-34.7%)
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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 Suits were:
China $10.7B
Bangladesh $8.82B
Vietnam $3.63B
In 2022, Philippines's main importing competitors in Non-Knit Men's Suits were:
United States $10.8B
Germany $5.92B
France $2.37B

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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.3M
TOP IMPORT POTENTIALVietnam+ $12.1M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $20.3M.   Non-Knit Men's Suits’s highest import potential is Vietnam with an import gap of $12.1M.

See methodology.

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