Non-Knit Men's Suits in Philippines 2021 Exports | Imports : $72.1M | $205M, World Rnk 51 / 221 Rnk 136 / 1111 | World Rnk 37 / 223 Rnk 143 / 1203
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.17M | $927k, Japan | Indonesia
2021 ECONOMIC COMPLEXITY of Philippines: 0.72, Rnk 37 / 131
2021 PRODUCT COMPLEXITY IN Non-Knit Men's Suits: -1.08, Rnk 860 / 1029
Exports In 2021, Philippines exported $72.1M in Non-Knit Men's Suits, making it the 51st largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 136th most exported product in Philippines. The main destination of Non-Knit Men's Suits exports from Philippines are: United States ($19.3M), South Korea ($13.7M), Canada ($6.49M), Japan ($5.19M), and Germany ($4.79M).
The fastest growing export markets for Non-Knit Men's Suits of Philippines between 2020 and 2021 were Japan ($2.17M), Canada ($970k), and United Kingdom ($845k).
Imports In 2021, Philippines imported $205M in Non-Knit Men's Suits, becoming the 37th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 143rd most imported product in Philippines. Philippines imports Non-Knit Men's Suits primarily from: China ($185M), Vietnam ($3.92M), Indonesia ($2.9M), Bangladesh ($2.73M), and Cambodia ($1.64M).
The fastest growing import markets in Non-Knit Men's Suits for Philippines between 2020 and 2021 were Indonesia ($927k), Singapore ($402k), and Netherlands ($251k).
Tariffs In 2018, the average tariff for Philippines in Non-Knit Men's Suits was 14.2%. The countries with the highest import tariffs for Non-Knit Men's Suits were Angola (Most Favoured Nation duty rate treatment, 15%), Burundi (Most Favoured Nation duty rate treatment, 15%), Benin (Most Favoured Nation duty rate treatment, 15%), Burkina Faso (Most Favoured Nation duty rate treatment, 15%), and Botswana (Most Favoured Nation duty rate treatment, 15%).
August 2021
Overview In August 2021 Philippines' Non-Knit Men's Suits exports accounted up to N/A478k and imports accounted up to N/A3.76M, resulting in a negative trade balance of N/A3.28M. Between August 2020 and August 2021 the exports of Philippines' Non-Knit Men's Suits have decreased by N/A-1.22M (-71.9%) from N/A1.7M to N/A478k, while imports decreased by N/A-3.66M (-49.3%) from N/A7.42M to N/A3.76M.
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%).
EXPORT GROWTH (August 2020 - August 2021): N/A-1.22M, (-71.9%)
IMPORT GROWTH (August 2020 - August 2021): N/A-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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EXPORTS (2021): $72.1M
IMPORTS (2021): $205M
NET TRADE (2021): -$133M
In 2021, Philippines exported $72.1M in Non-Knit Men's Suits. The main destinations of Philippines exports on Non-Knit Men's Suits were United States ($19.3M), South Korea ($13.7M), Canada ($6.49M), Japan ($5.19M), and Germany ($4.79M).
In 2021, Philippines imported $205M in Non-Knit Men's Suits, mainly from China ($185M), Vietnam ($3.92M), Indonesia ($2.9M), Bangladesh ($2.73M), and Cambodia ($1.64M).
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Philippines WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Philippines WERE (2020 - 2021):
In 2021, Philippines's main exporting competitors in Non-Knit Men's Suits were:
In 2021, Philippines's main importing competitors in Non-Knit Men's Suits were:
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