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2022
Exports $38.7kWorld Rnk 91 / 180
Flag Rnk 913 / 1127
2022
Destination $10.5k United States
2021 - 2022
FASTEST GROWING MARKET $10.5kUnited States
2022
PRODUCT COMPLEXITY IN Other Carpets-0.63Rnk 739 / 1025
2022
Imports $39.2MWorld Rnk 16 / 223
Flag Rnk 434 / 1201
2022
Origin $13.3M China
2021 - 2022
FASTEST GROWING ORIGIN $13.3MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $38.7k in Other Carpets, making it the 91st largest exporter of Other Carpets in the world. At the same year, Other Carpets was the 913th most exported product in Philippines. The main destination of Other Carpets exports from Philippines are: United States ($12.8k), Thailand ($6.2k), Italy ($4.5k), Spain ($3.33k), and Jamaica ($2.52k).

The fastest growing export markets for Other Carpets of Philippines between 2021 and 2022 were United States ($10.5k), Thailand ($5.64k), and Italy ($4.5k).

Imports In 2022, Philippines imported $39.2M in Other Carpets, becoming the 16th largest importer of Other Carpets in the world. At the same year, Other Carpets was the 434th most imported product in Philippines. Philippines imports Other Carpets primarily from: China ($38.2M), United States ($297k), Thailand ($269k), India ($179k), and Italy ($44.7k).

The fastest growing import markets in Other Carpets for Philippines between 2021 and 2022 were China ($13.3M), United States ($139k), and Vietnam ($26.1k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Other Carpets exports accounted up to $348 and imports accounted up to $383k, resulting in a negative trade balance of $382k. Between December 2022 and September 2024 the exports of Philippines'   Other Carpets have decreased by $-2.02k (-85.3%) from $2.36k to $348, while imports increased by $94k (32.6%) from $289k to $383k.

Destinations In September 2024, Other Carpets were exported mostly to United States ($348), and were imported mostly from China ($214k), Thailand ($77.9k), Belgium ($61.9k), India ($8.71k), and Germany ($6.24k).

Growth In September 2024, the decrease in Other Carpets's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the increase in Other Carpets's year-by-year imports was explained primarily by an increase in imports from Netherlands ($14.5k or 24.6k%) and Japan ($74 or 77.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - September 2024)$-2.02k(-85.3%)
IMPORT GROWTH (September 2023 - September 2024)$94k(32.6%)
MAIN DESTINATION (September 2024)United States$348

This section shows Other Carpets'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 Other Carpets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$38.7k
IMPORTS (2022)$39.2M
NET TRADE (2022)-$39.2M

In 2022, Philippines exported $38.7k in Other Carpets. The main destinations of Philippines exports on Other Carpets were United States ($12.8k), Thailand ($6.2k), Italy ($4.5k), Spain ($3.33k), and Jamaica ($2.52k).

In 2022, Philippines imported $39.2M in Other Carpets, mainly from China ($38.2M), United States ($297k), Thailand ($269k), India ($179k), and Italy ($44.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Carpets EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$10.5k (455%)
Thailand$5.64k (1k%)
Italy$4.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Carpets BY Philippines WERE (2021 - 2022):
France-$48k (-100%)
United Kingdom-$12.6k (-100%)
Netherlands-$4.15k (-94.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Carpets were:
China $1.48B
India $294M
Netherlands $55.6M
In 2022, Philippines's main importing competitors in Other Carpets were:
United States $312M
Japan $173M
Iraq $171M

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Trade Value of Other Carpets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.6k
TOP IMPORT POTENTIALIndia+ $554k

Other Carpets’s highest export potential is United States. With an export gap of $23.6k.   Other Carpets’s highest import potential is India with an import gap of $554k.

See methodology.

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