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2022
Exports $207kWorld Rnk 74 / 142
Flag Rnk 768 / 1127
2022
Destination $69.1k China
2021 - 2022
FASTEST GROWING MARKET $69.1kChina
2022
PRODUCT COMPLEXITY IN Synthetic Fabrics-0.0088Rnk 549 / 1025
2022
Imports $16.4MWorld Rnk 46 / 208
Flag Rnk 619 / 1201
2022
Origin $734k China
2021 - 2022
FASTEST GROWING ORIGIN $734kSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $207k in Synthetic Fabrics, making it the 74th largest exporter of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 768th most exported product in Philippines. The main destination of Synthetic Fabrics exports from Philippines are: China ($70.4k), South Korea ($55.8k), Chinese Taipei ($24.5k), Hong Kong ($16.5k), and United Kingdom ($13.9k).

The fastest growing export markets for Synthetic Fabrics of Philippines between 2021 and 2022 were China ($69.1k), South Korea ($45.8k), and United Kingdom ($13.9k).

Imports In 2022, Philippines imported $16.4M in Synthetic Fabrics, becoming the 46th largest importer of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 619th most imported product in Philippines. Philippines imports Synthetic Fabrics primarily from: China ($11.8M), South Korea ($1.22M), Hong Kong ($721k), Indonesia ($586k), and Chinese Taipei ($519k).

The fastest growing import markets in Synthetic Fabrics for Philippines between 2021 and 2022 were South Korea ($734k), Indonesia ($243k), and Chinese Taipei ($126k).

Latest Trends

April 2024

About

Overview In April 2024 Philippines' Synthetic Fabrics exports accounted up to $100 and imports accounted up to $678k, resulting in a negative trade balance of $678k. Between October 2019 and April 2024 the exports of Philippines'   Synthetic Fabrics have decreased by $-2.83k (-96.6%) from $2.93k to $100, while imports decreased by $-705k (-51%) from $1.38M to $678k.

Destinations In April 2024, Synthetic Fabrics were exported mostly to , and were imported mostly from India ($234k), United States ($97.7k), Chinese Taipei ($81.6k), Japan ($61.5k), and South Korea ($57k).

Growth In April 2024, the decrease in Synthetic Fabrics's year-by-year exports was explained primarily by a decrease in exports to . In June 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 (October 2019 - April 2024)$-2.83k(-96.6%)
IMPORT GROWTH (June 2023 - June 2024)$-705k(-51%)
MAIN DESTINATION (April 2024)

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 (2022)$207k
IMPORTS (2022)$16.4M
NET TRADE (2022)-$16.2M

In 2022, Philippines exported $207k in Synthetic Fabrics. The main destinations of Philippines exports on Synthetic Fabrics were China ($70.4k), South Korea ($55.8k), Chinese Taipei ($24.5k), Hong Kong ($16.5k), and United Kingdom ($13.9k).

In 2022, Philippines imported $16.4M in Synthetic Fabrics, mainly from China ($11.8M), South Korea ($1.22M), Hong Kong ($721k), Indonesia ($586k), and Chinese Taipei ($519k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Fabrics EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$69.1k (5.4k%)
South Korea$45.8k (457%)
United Kingdom$13.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Fabrics BY Philippines WERE (2021 - 2022):
Germany-$107k (-100%)
United States-$11.6k (-100%)
Sri Lanka-$10.3k (-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 Synthetic Fabrics were:
China $1.42B
United States $264M
Germany $165M
In 2022, Philippines's main importing competitors in Synthetic Fabrics were:
Vietnam $384M
Morocco $237M
Mexico $179M

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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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