Cotton in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $7.43M in Cotton, making it the 100th largest exporter of Cotton in the world. At the same year, Cotton was the 82nd most exported product in Philippines. The main destination of Cotton exports from Philippines are: United States ($1.84M), Bangladesh ($1.45M), Thailand ($1.38M), Indonesia ($464k), and Spain ($400k).

The fastest growing export markets for Cotton of Philippines between 2021 and 2022 were United States ($1.77M), Spain ($355k), and Indonesia ($199k).

Imports In 2022, Philippines imported $587M in Cotton, becoming the 25th largest importer of Cotton in the world. At the same year, Cotton was the 49th most imported product in Philippines. Philippines imports Cotton primarily from: China ($425M), Vietnam ($40.4M), India ($34M), Indonesia ($22.6M), and Australia ($10.9M).

The fastest growing import markets in Cotton for Philippines between 2021 and 2022 were Vietnam ($33.1M), China ($32.3M), and Indonesia ($12M).

COMPANIES In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (1), Adidas (1), and Panasonic (1) were at the forefront of shipping Cotton from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Cotton exports accounted up to $2.71k and imports accounted up to $2.2M, resulting in a negative trade balance of $2.2M. Between June 2023 and June 2024 the exports of Philippines' Cotton have decreased by $-288k (-99.1%) from $291k to $2.71k, while imports decreased by $-5.62M (-71.8%) from $7.83M to $2.2M.

Destinations In June 2024, Cotton were exported mostly to American Samoa ($2.23k) and Vietnam ($473), and were imported mostly from Japan ($372k), Pakistan ($363k), India ($349k), Chinese Taipei ($273k), and Italy ($247k).

Growth In June 2024, the decrease in Cotton's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-5.72k or -25.5%) and China ($-1.01k or -51.4%). In June 2024, the decrease in Cotton's year-by-year imports was explained primarily by a decrease in imports from Australia ($-989k or -74.1%), Italy ($-853k or -80.4%), and India ($-661k or -62.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-288k(-99.1%)

IMPORT GROWTH (June 2023 - June 2024)$-5.62M(-71.8%)

MAIN DESTINATION (June 2024)American Samoa$2.23k

This section shows Cotton'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 Cotton over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.43M

IMPORTS (2022)$587M

NET TRADE (2022)-$580M

In 2022, Philippines exported $7.43M in Cotton. The main destinations of Philippines exports on Cotton were United States ($1.84M), Bangladesh ($1.45M), Thailand ($1.38M), Indonesia ($464k), and Spain ($400k).

In 2022, Philippines imported $587M in Cotton, mainly from China ($425M), Vietnam ($40.4M), India ($34M), Indonesia ($22.6M), and Australia ($10.9M).

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