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2022
Exports $26.2MWorld Rnk 38 / 210
Flag Rnk 231 / 1127
2022
Destination $3.37M United States
2021 - 2022
FASTEST GROWING MARKET $3.37MMalaysia
2022
PRODUCT COMPLEXITY IN Other Knit Garments-1.33Rnk 917 / 1025
2022
Imports $24.9MWorld Rnk 47 / 217
Flag Rnk 534 / 1201
2022
Origin $776k China
2021 - 2022
FASTEST GROWING ORIGIN $776kFrance
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $26.2M in Other Knit Garments, making it the 38th largest exporter of Other Knit Garments in the world. At the same year, Other Knit Garments was the 231st most exported product in Philippines. The main destination of Other Knit Garments exports from Philippines are: United States ($12.9M), Malaysia ($7.17M), South Korea ($1.53M), Germany ($902k), and Canada ($471k).

The fastest growing export markets for Other Knit Garments of Philippines between 2021 and 2022 were Malaysia ($3.37M), United Kingdom ($331k), and Singapore ($290k).

Imports In 2022, Philippines imported $24.9M in Other Knit Garments, becoming the 47th largest importer of Other Knit Garments in the world. At the same year, Other Knit Garments was the 534th most imported product in Philippines. Philippines imports Other Knit Garments primarily from: China ($15.5M), Malaysia ($3.74M), Spain ($1.43M), France ($923k), and Bangladesh ($821k).

The fastest growing import markets in Other Knit Garments for Philippines between 2021 and 2022 were France ($776k), Spain ($528k), and Italy ($521k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Other Knit Garments exports accounted up to $1.13M and imports accounted up to $439k, resulting in a positive trade balance of $688k. Between August 2023 and August 2024 the exports of Philippines'   Other Knit Garments have increased by $543k (92.8%) from $585k to $1.13M, while imports decreased by $-454k (-50.8%) from $894k to $439k.

Destinations In August 2024, Other Knit Garments were exported mostly to United States ($1.11M), Japan ($18.8k), Thailand ($200), and Indonesia ($160), and were imported mostly from China ($140k), Morocco ($80.5k), United Arab Emirates ($46.7k), Bangladesh ($27.2k), and Vietnam ($22.6k).

Growth In August 2024, the increase in Other Knit Garments's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Other Knit Garments's year-by-year imports was explained primarily by a decrease in imports from Italy ($-49.2k or -88.9%), Portugal ($-19.1k or -97.2%), and Vietnam ($-10.2k or -44.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$543k(92.8%)
IMPORT GROWTH (August 2023 - August 2024)$-454k(-50.8%)
MAIN DESTINATION (August 2024)United States$1.11M

This section shows Other Knit Garments'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 Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.2M
IMPORTS (2022)$24.9M
NET TRADE (2022)$1.32M

In 2022, Philippines exported $26.2M in Other Knit Garments. The main destinations of Philippines exports on Other Knit Garments were United States ($12.9M), Malaysia ($7.17M), South Korea ($1.53M), Germany ($902k), and Canada ($471k).

In 2022, Philippines imported $24.9M in Other Knit Garments, mainly from China ($15.5M), Malaysia ($3.74M), Spain ($1.43M), France ($923k), and Bangladesh ($821k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Knit Garments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$3.37M (88.8%)
United Kingdom$331k (375%)
Singapore$290k (295%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Knit Garments BY Philippines WERE (2021 - 2022):
United States-$5.3M (-29.1%)
South Korea-$3.53M (-69.8%)
Saudi Arabia-$386k (-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 Other Knit Garments were:
China $3.22B
Bangladesh $791M
Vietnam $607M
In 2022, Philippines's main importing competitors in Other Knit Garments were:
United States $2.12B
Germany $894M
Spain $498M

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Trade Value of Other Knit Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.47M
TOP IMPORT POTENTIALChina+ $5.64M

Other Knit Garments’s highest export potential is United States. With an export gap of $4.47M.   Other Knit Garments’s highest import potential is China with an import gap of $5.64M.

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