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2023
Exports $90.9kWorld Rnk 85 / 150
Flag Rnk 848 / 1123
2023
Destination $29.8k Germany
2022 - 2023
FASTEST GROWING MARKET $29.8kGermany
2023
PRODUCT COMPLEXITY IN Synthetic Fabrics0.58Rnk 336 / 1025
2023
Imports $14.1MWorld Rnk 52 / 208
Flag Rnk 591 / 1202
2023
Origin $1.25M China
2022 - 2023
FASTEST GROWING ORIGIN $1.25MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $90.9k in Synthetic Fabrics, making it the 85th largest exporter of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 848th most exported product in Philippines. The main destination of Synthetic Fabrics exports from Philippines are: Germany ($29.8k), Chinese Taipei ($23.7k), United States ($18.1k), France ($14.5k), and United Kingdom ($3.91k).

The fastest growing export markets for Synthetic Fabrics of Philippines between 2022 and 2023 were Germany ($29.8k), United States ($18.1k), and France ($10.2k).

Imports In 2023, Philippines imported $14.1M in Synthetic Fabrics, becoming the 52nd largest importer of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 591st most imported product in Philippines. Philippines imports Synthetic Fabrics primarily from: China ($8.93M), South Korea ($1.43M), Chinese Taipei ($858k), Indonesia ($597k), and United States ($507k).

The fastest growing import markets in Synthetic Fabrics for Philippines between 2022 and 2023 were China ($1.25M), South Korea ($453k), and United States ($200k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Synthetic Fabrics exports accounted up to $2.34k and imports accounted up to $618k, resulting in a negative trade balance of $616k. Between August 2020 and July 2024 the exports of Philippines'   Synthetic Fabrics have increased by $2.27k (3.15k%) from $72 to $2.34k, while imports decreased by $-41.9k (-6.35%) from $660k to $618k.

Destinations In July 2024, Synthetic Fabrics were exported mostly to China ($2.34k), and were imported mostly from China ($298k), India ($60.8k), Japan ($51k), Chinese Taipei ($42.6k), and Singapore ($39.4k).

Growth In July 2024, the increase in Synthetic Fabrics's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Synthetic Fabrics's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-90.7k or -71.6%), Chinese Taipei ($-19.9k or -9.88%), and Italy ($-8.65k or -86.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2020 - July 2024)$2.27k(3.15k%)
IMPORT GROWTH (July 2023 - July 2024)$-41.9k(-6.35%)
MAIN DESTINATION (July 2024)China$2.34k

This section shows Synthetic Fabrics'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 Synthetic Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$90.9k
IMPORTS (2023)$14.1M
NET TRADE (2023)-$14M

In 2023, Philippines exported $90.9k in Synthetic Fabrics. The main destinations of Philippines exports on Synthetic Fabrics were Germany ($29.8k), Chinese Taipei ($23.7k), United States ($18.1k), France ($14.5k), and United Kingdom ($3.91k).

In 2023, Philippines imported $14.1M in Synthetic Fabrics, mainly from China ($8.93M), South Korea ($1.43M), Chinese Taipei ($858k), Indonesia ($597k), and United States ($507k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Synthetic Fabrics EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Germany$29.8k (1%)
United States$18.1k (1%)
France$10.2k (240%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Fabrics BY Philippines WERE (2022 - 2023):
China-$70.3k (-99.9%)
South Korea-$55.8k (-100%)
Hong Kong-$16.4k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Synthetic Fabrics were:
China $1.51B
United States $228M
Spain $168M
In 2023, Philippines's main importing competitors in Synthetic Fabrics were:
Morocco $317M
Vietnam $288M
Mexico $147M

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Trade Value of Synthetic Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $88.8k
TOP IMPORT POTENTIALChina+ $2.2M

Synthetic Fabrics’s highest export potential is China. With an export gap of $88.8k.   Synthetic Fabrics’s highest import potential is China with an import gap of $2.2M.

See methodology.

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