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2022
Exports $8.85MWorld Rnk 36 / 195
Flag Rnk 355 / 1127
2022
Destination $3.76M United States
2021 - 2022
FASTEST GROWING MARKET $3.76MUnited States
2022
PRODUCT COMPLEXITY IN Other Knit Clothing Accessories-1.29Rnk 906 / 1025
2022
Imports $19.6MWorld Rnk 43 / 218
Flag Rnk 576 / 1201
2022
Origin $368k China
2021 - 2022
FASTEST GROWING ORIGIN $368kVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $8.85M in Other Knit Clothing Accessories, making it the 36th largest exporter of Other Knit Clothing Accessories in the world. At the same year, Other Knit Clothing Accessories was the 355th most exported product in Philippines. The main destination of Other Knit Clothing Accessories exports from Philippines are: United States ($6.38M), Chinese Taipei ($539k), Japan ($352k), China ($310k), and Canada ($298k).

The fastest growing export markets for Other Knit Clothing Accessories of Philippines between 2021 and 2022 were United States ($3.76M), Chinese Taipei ($520k), and Singapore ($186k).

Imports In 2022, Philippines imported $19.6M in Other Knit Clothing Accessories, becoming the 43rd largest importer of Other Knit Clothing Accessories in the world. At the same year, Other Knit Clothing Accessories was the 576th most imported product in Philippines. Philippines imports Other Knit Clothing Accessories primarily from: China ($16.9M), Chinese Taipei ($638k), South Korea ($614k), Vietnam ($462k), and Indonesia ($206k).

The fastest growing import markets in Other Knit Clothing Accessories for Philippines between 2021 and 2022 were Vietnam ($368k), Indonesia ($162k), and United States ($89.4k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Knit Clothing Accessories exports accounted up to $75.1k and imports accounted up to $53.3k, resulting in a positive trade balance of $21.8k. Between June 2023 and June 2024 the exports of Philippines'   Other Knit Clothing Accessories have decreased by $-37.1k (-33.1%) from $112k to $75.1k, while imports decreased by $-310k (-85.3%) from $363k to $53.3k.

Destinations In June 2024, Other Knit Clothing Accessories were exported mostly to United States ($69.2k), China ($2.81k), Italy ($1.88k), and Canada ($1.15k), and were imported mostly from Hong Kong ($25.2k), Thailand ($17.9k), Vietnam ($3.45k), Japan ($3.37k), and Portugal ($1.73k).

Growth In June 2024, the decrease in Other Knit Clothing Accessories's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-405k or -99.2%) and United States ($-5.42k or -86.5%). In June 2024, the decrease in Other Knit Clothing Accessories's year-by-year imports was explained primarily by a decrease in imports from China ($-99k or -62.7%), South Korea ($-6.76k or -52.2%), and Portugal ($-11 or -16.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-37.1k(-33.1%)
IMPORT GROWTH (June 2023 - June 2024)$-310k(-85.3%)
MAIN DESTINATION (June 2024)United States$69.2k

This section shows Other Knit Clothing Accessories'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 Knit Clothing Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.85M
IMPORTS (2022)$19.6M
NET TRADE (2022)-$10.8M

In 2022, Philippines exported $8.85M in Other Knit Clothing Accessories. The main destinations of Philippines exports on Other Knit Clothing Accessories were United States ($6.38M), Chinese Taipei ($539k), Japan ($352k), China ($310k), and Canada ($298k).

In 2022, Philippines imported $19.6M in Other Knit Clothing Accessories, mainly from China ($16.9M), Chinese Taipei ($638k), South Korea ($614k), Vietnam ($462k), and Indonesia ($206k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Clothing Accessories EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$3.76M (143%)
Chinese Taipei$520k (2.75k%)
Singapore$186k (334%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Clothing Accessories BY Philippines WERE (2021 - 2022):
Hong Kong-$104k (-48.5%)
Australia-$12.6k (-72.8%)
Poland-$9.31k (-62.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Other Knit Clothing Accessories were:
China $1.94B
Italy $239M
Germany $109M
In 2022, Philippines's main importing competitors in Other Knit Clothing Accessories were:
United States $489M
Germany $218M
South Korea $166M

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Trade Value of Other Knit Clothing Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $422k
TOP IMPORT POTENTIALChina+ $1.89M

Other Knit Clothing Accessories’s highest export potential is United States. With an export gap of $422k.   Other Knit Clothing Accessories’s highest import potential is China with an import gap of $1.89M.

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