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2023
Exports $37.8MWorld Rnk 10 / 181
Flag Rnk 191 / 1123
2023
Destination $683k Japan
2022 - 2023
FASTEST GROWING MARKET $683kJapan
2023
PRODUCT COMPLEXITY IN Fake Hair-2.35Rnk 1013 / 1025
2023
Imports $2.76MWorld Rnk 69 / 208
Flag Rnk 874 / 1202
2023
Origin $286k China
2022 - 2023
FASTEST GROWING ORIGIN $286kIndia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $37.8M in Fake Hair, making it the 10th largest exporter of Fake Hair in the world. At the same year, Fake Hair was the 191st most exported product in Philippines. The main destination of Fake Hair exports from Philippines are: Japan ($33.1M), Germany ($1.88M), United States ($668k), Belgium ($610k), and Austria ($536k).

The fastest growing export markets for Fake Hair of Philippines between 2022 and 2023 were Japan ($683k), Austria ($121k), and Italy ($84k).

Imports In 2023, Philippines imported $2.76M in Fake Hair, becoming the 69th largest importer of Fake Hair in the world. At the same year, Fake Hair was the 874th most imported product in Philippines. Philippines imports Fake Hair primarily from: China ($1.57M), India ($710k), Japan ($203k), Vietnam ($82k), and South Korea ($62.4k).

The fastest growing import markets in Fake Hair for Philippines between 2022 and 2023 were India ($286k), Vietnam ($76.2k), and Japan ($30.7k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Fake Hair exports accounted up to $2.16M and imports accounted up to $240k, resulting in a positive trade balance of $1.92M. Between July 2023 and July 2024 the exports of Philippines'   Fake Hair have decreased by $-55k (-2.48%) from $2.22M to $2.16M, while imports increased by $57.4k (31.4%) from $183k to $240k.

Destinations In July 2024, Fake Hair were exported mostly to Japan ($2.12M), United States ($35.9k), France ($2.82k), Netherlands ($2.49k), and China ($1.17k), and were imported mostly from Vietnam ($156k), China ($51.6k), Japan ($22.3k), South Korea ($5.13k), and Germany ($1.82k).

Growth In July 2024, the decrease in Fake Hair's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-18.8k or -97.8%), United States ($-17.5k or -21.2%), and Netherlands ($-1.09k or -43.9%). In July 2024, the increase in Fake Hair's year-by-year imports was explained primarily by an increase in imports from Japan ($1.16k or 26.8%), Netherlands ($382 or 455%), and Germany ($312 or 30.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-55k(-2.48%)
IMPORT GROWTH (July 2023 - July 2024)$57.4k(31.4%)
MAIN DESTINATION (July 2024)Japan$2.12M

This section shows Fake 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 Fake Hair over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$37.8M
IMPORTS (2023)$2.76M
NET TRADE (2023)$35M

In 2023, Philippines exported $37.8M in Fake Hair. The main destinations of Philippines exports on Fake Hair were Japan ($33.1M), Germany ($1.88M), United States ($668k), Belgium ($610k), and Austria ($536k).

In 2023, Philippines imported $2.76M in Fake Hair, mainly from China ($1.57M), India ($710k), Japan ($203k), Vietnam ($82k), and South Korea ($62.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fake Hair EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$683k (2.11%)
Austria$121k (29.1%)
Italy$84k (1.09k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fake Hair BY Philippines WERE (2022 - 2023):
Hong Kong-$5.4M (-100%)
Germany-$550k (-22.6%)
United States-$444k (-39.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Fake Hair were:
China $2.25B
Indonesia $357M
North Korea $167M
In 2023, Philippines's main importing competitors in Fake Hair were:
United States $1.41B
Nigeria $429M
China $195M

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Trade Value of Fake Hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.05M
TOP IMPORT POTENTIALChina+ $3.06M

Fake Hair’s highest export potential is United States. With an export gap of $2.05M.   Fake Hair’s highest import potential is China with an import gap of $3.06M.

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