2022
Exports
$1.4kWorld Rnk 75 / 92
Flag Rnk 1070 / 1127
2022
PRODUCT COMPLEXITY IN Artificial Textile Machinery
1.99Rnk 5 / 1025
2022
Imports
$3.03MWorld Rnk 38 / 168
Flag Rnk 885 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.4k in Artificial Textile Machinery, making it the 75th largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1070th most exported product in Philippines. The main destination of Artificial Textile Machinery exports from Philippines are: Singapore ($1.12k), Paraguay ($266), and South Korea ($14).

The fastest growing export markets for Artificial Textile Machinery of Philippines between 2021 and 2022 were Singapore ($1.12k), Paraguay ($266), and South Korea ($14).

Imports In 2022, Philippines imported $3.03M in Artificial Textile Machinery, becoming the 38th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 885th most imported product in Philippines. Philippines imports Artificial Textile Machinery primarily from: Japan ($2.72M), China ($294k), Singapore ($5.11k), Chinese Taipei ($4.61k), and United States ($3.83k).

The fastest growing import markets in Artificial Textile Machinery for Philippines between 2021 and 2022 were Japan ($2.66M), Singapore ($5.05k), and South Korea ($1.79k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Artificial Textile Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.4k
IMPORTS (2022)$3.03M
NET TRADE (2022)-$3.03M

In 2022, Philippines exported $1.4k in Artificial Textile Machinery. The main destinations of Philippines exports on Artificial Textile Machinery were Singapore ($1.12k), Paraguay ($266), and South Korea ($14).

In 2022, Philippines imported $3.03M in Artificial Textile Machinery, mainly from Japan ($2.72M), China ($294k), Singapore ($5.11k), Chinese Taipei ($4.61k), and United States ($3.83k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Singapore$1.12k (1%)
Paraguay$266 (1%)
South Korea$14 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Philippines WERE (2021 - 2022):Switzerland-$128 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Artificial Textile Machinery were:
In 2022, Philippines's main importing competitors in Artificial Textile Machinery were:
China $489M
India $161M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $888
TOP IMPORT POTENTIALChina+ $171k

Artificial Textile Machinery’s highest export potential is China. With an export gap of $888.   Artificial Textile Machinery’s highest import potential is China with an import gap of $171k.

See methodology.

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