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2022
Exports $2.78MWorld Rnk 17 / 125
Flag Rnk 474 / 1127
2022
Destination $1.32M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.32MHong Kong
2022
PRODUCT COMPLEXITY IN Processed Hair-1.23Rnk 886 / 1025
2022
Imports $4.76MWorld Rnk 19 / 178
Flag Rnk 833 / 1201
2022
Origin $1.53M India
2021 - 2022
FASTEST GROWING ORIGIN $1.53MIndia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.78M in Processed Hair, making it the 17th largest exporter of Processed Hair in the world. At the same year, Processed Hair was the 474th most exported product in Philippines. The main destination of Processed Hair exports from Philippines are: Hong Kong ($1.32M), China ($550k), Italy ($313k), Thailand ($230k), and Japan ($216k).

The fastest growing export markets for Processed Hair of Philippines between 2021 and 2022 were Hong Kong ($1.32M), China ($452k), and Japan ($209k).

Imports In 2022, Philippines imported $4.76M in Processed Hair, becoming the 19th largest importer of Processed Hair in the world. At the same year, Processed Hair was the 833rd most imported product in Philippines. Philippines imports Processed Hair primarily from: India ($1.8M), Japan ($1.48M), South Korea ($542k), China ($492k), and Thailand ($448k).

The fastest growing import markets in Processed Hair for Philippines between 2021 and 2022 were India ($1.53M), Japan ($632k), and Thailand ($87.2k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Processed Hair exports accounted up to $42.6k and imports accounted up to $97.2k, resulting in a negative trade balance of $54.6k. Between June 2023 and June 2024 the exports of Philippines'   Processed Hair have decreased by $-7.77k (-15.4%) from $50.4k to $42.6k, while imports decreased by $-367k (-79%) from $464k to $97.2k.

Destinations In June 2024, Processed Hair were exported mostly to Thailand ($39k) and South Korea ($3.68k), and were imported mostly from South Korea ($82.6k), Japan ($12k), and Thailand ($2.66k).

Growth In June 2024, the decrease in Processed Hair's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Processed Hair's year-by-year imports was explained primarily by a decrease in imports from China ($-21.5k or -75.7%) and Japan ($-13.3k or -73.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-7.77k(-15.4%)
IMPORT GROWTH (June 2023 - June 2024)$-367k(-79%)
MAIN DESTINATION (June 2024)Thailand$39k

This section shows Processed Hair'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 Processed Hair over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.78M
IMPORTS (2022)$4.76M
NET TRADE (2022)-$1.98M

In 2022, Philippines exported $2.78M in Processed Hair. The main destinations of Philippines exports on Processed Hair were Hong Kong ($1.32M), China ($550k), Italy ($313k), Thailand ($230k), and Japan ($216k).

In 2022, Philippines imported $4.76M in Processed Hair, mainly from India ($1.8M), Japan ($1.48M), South Korea ($542k), China ($492k), and Thailand ($448k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Hair EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$1.32M (126k%)
China$452k (460%)
Japan$209k (2.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Hair BY Philippines WERE (2021 - 2022):
Italy-$45.2k (-12.6%)
Denmark-$17.3k (-78.7%)
Nigeria-$13.7k (-35.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Processed Hair were:
India $469M
Burma $424M
China $164M
In 2022, Philippines's main importing competitors in Processed Hair were:
China $946M
United States $35.4M
Bangladesh $33.3M

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Trade Value of Processed Hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $739k
TOP IMPORT POTENTIALIndia+ $896k

Processed Hair’s highest export potential is China. With an export gap of $739k.   Processed Hair’s highest import potential is India with an import gap of $896k.

See methodology.

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