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2022
Exports $197kWorld Rnk 99 / 160
Flag Rnk 96 / 96
2022
Destination $66.5k France
2021 - 2022
FASTEST GROWING MARKET $66.5kFrance
2022
PRODUCT COMPLEXITY IN Wool & animal hair0.58Rnk 333 / 1025
2022
Imports $21.2MWorld Rnk 55 / 194
Flag Rnk 89 / 96
2022
Origin $942k Italy
2021 - 2022
FASTEST GROWING ORIGIN $942kItaly
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $197k in Wool & animal hair, making it the 99th largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 96th most exported product in Philippines. The main destination of Wool & animal hair exports from Philippines are: France ($69.4k), United Kingdom ($29.7k), Hong Kong ($26k), United Arab Emirates ($24.7k), and Italy ($17.8k).

The fastest growing export markets for Wool & animal hair of Philippines between 2021 and 2022 were France ($66.5k), United Kingdom ($28.2k), and United Arab Emirates ($24.7k).

Imports In 2022, Philippines imported $21.2M in Wool & animal hair, becoming the 55th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 89th most imported product in Philippines. Philippines imports Wool & animal hair primarily from: Italy ($7.14M), United Kingdom ($5.04M), China ($4.57M), Japan ($1.16M), and South Korea ($971k).

The fastest growing import markets in Wool & animal hair for Philippines between 2021 and 2022 were Italy ($942k), United Kingdom ($929k), and South Africa ($441k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Wool & animal hair exports accounted up to $4.35k and imports accounted up to $649k, resulting in a negative trade balance of $645k. Between March 2023 and June 2024 the exports of Philippines'   Wool & animal hair have decreased by $-18.8k (-81.2%) from $23.2k to $4.35k, while imports decreased by $-597k (-47.9%) from $1.25M to $649k.

Destinations In June 2024, Wool & animal hair were exported mostly to France ($4.35k), and were imported mostly from United Kingdom ($322k), Italy ($148k), South Korea ($118k), Japan ($3.02k), and Mexico ($866).

Growth In June 2024, the decrease in Wool & animal hair's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Wool & animal hair's year-by-year imports was explained primarily by a decrease in imports from United States ($-29.1k or -72%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - June 2024)$-18.8k(-81.2%)
IMPORT GROWTH (June 2023 - June 2024)$-597k(-47.9%)
MAIN DESTINATION (June 2024)France$4.35k

This section shows Wool & animal 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 Wool & animal hair over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$197k
IMPORTS (2022)$21.2M
NET TRADE (2022)-$21M

In 2022, Philippines exported $197k in Wool & animal hair. The main destinations of Philippines exports on Wool & animal hair were France ($69.4k), United Kingdom ($29.7k), Hong Kong ($26k), United Arab Emirates ($24.7k), and Italy ($17.8k).

In 2022, Philippines imported $21.2M in Wool & animal hair, mainly from Italy ($7.14M), United Kingdom ($5.04M), China ($4.57M), Japan ($1.16M), and South Korea ($971k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
France$66.5k (2.29k%)
United Kingdom$28.2k (1.8k%)
United Arab Emirates$24.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool & animal hair BY Philippines WERE (2021 - 2022):
Netherlands-$45.7k (-100%)
Thailand-$19.5k (-93%)
South Korea-$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 Wool & animal hair were:
Australia $2.24B
China $2.23B
Italy $2.03B
In 2022, Philippines's main importing competitors in Wool & animal hair were:
China $2.97B
Italy $1.62B
Germany $694M

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Trade Value of Wool & animal hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $22.1k
TOP IMPORT POTENTIALChina+ $1.47M

Wool & animal hair’s highest export potential is France. With an export gap of $22.1k.   Wool & animal hair’s highest import potential is China with an import gap of $1.47M.

See methodology.

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