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2022
Exports $191kWorld Rnk 95 / 182
Flag Rnk 775 / 1127
2022
Destination $55.2k Japan
2021 - 2022
FASTEST GROWING MARKET $55.2kJapan
2022
PRODUCT COMPLEXITY IN Blankets-0.91Rnk 813 / 1025
2022
Imports $45.8MWorld Rnk 24 / 220
Flag Rnk 401 / 1201
2022
Origin $8.69M China
2021 - 2022
FASTEST GROWING ORIGIN $8.69MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $191k in Blankets, making it the 95th largest exporter of Blankets in the world. At the same year, Blankets was the 775th most exported product in Philippines. The main destination of Blankets exports from Philippines are: Japan ($64.7k), United States ($58.1k), Canada ($30.8k), Australia ($11k), and Denmark ($3.52k).

The fastest growing export markets for Blankets of Philippines between 2021 and 2022 were Japan ($55.2k), United States ($10.1k), and Australia ($5.22k).

Imports In 2022, Philippines imported $45.8M in Blankets, becoming the 24th largest importer of Blankets in the world. At the same year, Blankets was the 401st most imported product in Philippines. Philippines imports Blankets primarily from: China ($38.7M), South Korea ($5.55M), Chinese Taipei ($451k), India ($356k), and Malaysia ($262k).

The fastest growing import markets in Blankets for Philippines between 2021 and 2022 were China ($8.69M), South Korea ($543k), and India ($333k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Blankets exports accounted up to $372 and imports accounted up to $898k, resulting in a negative trade balance of $897k. Between August 2023 and August 2024 the exports of Philippines'   Blankets have decreased by $-33.8k (-98.9%) from $34.1k to $372, while imports increased by $440k (95.9%) from $458k to $898k.

Destinations In August 2024, Blankets were exported mostly to United States ($325) and Japan ($47), and were imported mostly from China ($695k), South Korea ($137k), Colombia ($35.1k), Chinese Taipei ($8.47k), and India ($6.09k).

Growth In August 2024, the decrease in Blankets's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Blankets's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($21.8k or 83.6%), India ($7.54k or 163%), and Japan ($6.33k or 2.74k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-33.8k(-98.9%)
IMPORT GROWTH (August 2023 - August 2024)$440k(95.9%)
MAIN DESTINATION (August 2024)United States$325

This section shows Blankets'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 Blankets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$191k
IMPORTS (2022)$45.8M
NET TRADE (2022)-$45.6M

In 2022, Philippines exported $191k in Blankets. The main destinations of Philippines exports on Blankets were Japan ($64.7k), United States ($58.1k), Canada ($30.8k), Australia ($11k), and Denmark ($3.52k).

In 2022, Philippines imported $45.8M in Blankets, mainly from China ($38.7M), South Korea ($5.55M), Chinese Taipei ($451k), India ($356k), and Malaysia ($262k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Blankets EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$55.2k (578%)
United States$10.1k (21.1%)
Australia$5.22k (90.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Blankets BY Philippines WERE (2021 - 2022):
Bermuda-$162k (-100%)
Canada-$47.6k (-60.7%)
Netherlands-$43.2k (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Blankets were:
China $4.39B
India $217M
Germany $91.3M
In 2022, Philippines's main importing competitors in Blankets were:
United States $1.95B
Japan $251M
Germany $248M

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Trade Value of Blankets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $114k
TOP IMPORT POTENTIALChina+ $6.14M

Blankets’s highest export potential is United States. With an export gap of $114k.   Blankets’s highest import potential is China with an import gap of $6.14M.

See methodology.

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