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2022
Exports $2.86MWorld Rnk 46 / 181
Flag Rnk 471 / 1127
2022
Destination $1.02M United States
2021 - 2022
FASTEST GROWING MARKET $1.02MUnited States
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Undergarments-1.31Rnk 914 / 1025
2022
Imports $4.05MWorld Rnk 52 / 214
Flag Rnk 848 / 1201
2022
Origin $415k China
2021 - 2022
FASTEST GROWING ORIGIN $415kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.86M in Non-Knit Men's Undergarments, making it the 46th largest exporter of Non-Knit Men's Undergarments in the world. At the same year, Non-Knit Men's Undergarments was the 471st most exported product in Philippines. The main destination of Non-Knit Men's Undergarments exports from Philippines are: United States ($2.26M), Netherlands ($139k), South Korea ($117k), United Kingdom ($80.6k), and Germany ($57.7k).

The fastest growing export markets for Non-Knit Men's Undergarments of Philippines between 2021 and 2022 were United States ($1.02M), Netherlands ($134k), and United Kingdom ($60.8k).

Imports In 2022, Philippines imported $4.05M in Non-Knit Men's Undergarments, becoming the 52nd largest importer of Non-Knit Men's Undergarments in the world. At the same year, Non-Knit Men's Undergarments was the 848th most imported product in Philippines. Philippines imports Non-Knit Men's Undergarments primarily from: China ($2.98M), Chinese Taipei ($180k), Malaysia ($173k), India ($164k), and Australia ($117k).

The fastest growing import markets in Non-Knit Men's Undergarments for Philippines between 2021 and 2022 were China ($415k), India ($164k), and Chinese Taipei ($134k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Non-Knit Men's Undergarments exports accounted up to $1.58k and imports accounted up to $109k, resulting in a negative trade balance of $107k. Between July 2023 and August 2024 the exports of Philippines'   Non-Knit Men's Undergarments have increased by $124 (8.52%) from $1.46k to $1.58k, while imports decreased by $-16.8k (-13.4%) from $126k to $109k.

Destinations In August 2024, Non-Knit Men's Undergarments were exported mostly to Vietnam ($1.58k), and were imported mostly from China ($93.8k), Vietnam ($9.09k), Malaysia ($2.26k), Bangladesh ($1.36k), and Thailand ($1.31k).

Growth In August 2024, the increase in Non-Knit Men's Undergarments's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Non-Knit Men's Undergarments's year-by-year imports was explained primarily by a decrease in imports from China ($-148k or -68.7%), Vietnam ($-10.4k or -86.6%), and Bangladesh ($-2.51k or -57.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)$124(8.52%)
IMPORT GROWTH (August 2023 - August 2024)$-16.8k(-13.4%)
MAIN DESTINATION (August 2024)Vietnam$1.58k

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.86M
IMPORTS (2022)$4.05M
NET TRADE (2022)-$1.19M

In 2022, Philippines exported $2.86M in Non-Knit Men's Undergarments. The main destinations of Philippines exports on Non-Knit Men's Undergarments were United States ($2.26M), Netherlands ($139k), South Korea ($117k), United Kingdom ($80.6k), and Germany ($57.7k).

In 2022, Philippines imported $4.05M in Non-Knit Men's Undergarments, mainly from China ($2.98M), Chinese Taipei ($180k), Malaysia ($173k), India ($164k), and Australia ($117k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Undergarments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$1.02M (82.6%)
Netherlands$134k (2.52k%)
United Kingdom$60.8k (307%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Undergarments BY Philippines WERE (2021 - 2022):
China-$120k (-99.9%)
United Arab Emirates-$64.3k (-96.6%)
Papua New Guinea-$35.2k (-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 Men's Undergarments were:
China $459M
Bangladesh $137M
Vietnam $131M
In 2022, Philippines's main importing competitors in Non-Knit Men's Undergarments were:
United States $360M
Japan $134M
Germany $99.4M

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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $471k
TOP IMPORT POTENTIALChina+ $657k

Non-Knit Men's Undergarments’s highest export potential is United States. With an export gap of $471k.   Non-Knit Men's Undergarments’s highest import potential is China with an import gap of $657k.

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