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2022
Exports $37.7MWorld Rnk 10 / 175
Flag Rnk 196 / 1127
2022
Destination $5.37M Japan
2021 - 2022
FASTEST GROWING MARKET $5.37MHong Kong
2022
PRODUCT COMPLEXITY IN Fake Hair-2.31Rnk 1013 / 1025
2022
Imports $17.1MWorld Rnk 31 / 210
Flag Rnk 609 / 1201
2022
Origin $12.6M China
2021 - 2022
FASTEST GROWING ORIGIN $12.6MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $37.7M in Fake Hair, making it the 10th largest exporter of Fake Hair in the world. At the same year, Fake Hair was the 196th most exported product in Philippines. The main destination of Fake Hair exports from Philippines are: Japan ($26.7M), Hong Kong ($5.4M), Germany ($2.15M), United States ($1.13M), and Belgium ($618k).

The fastest growing export markets for Fake Hair of Philippines between 2021 and 2022 were Hong Kong ($5.37M), Germany ($1.55M), and Austria ($219k).

Imports In 2022, Philippines imported $17.1M in Fake Hair, becoming the 31st largest importer of Fake Hair in the world. At the same year, Fake Hair was the 609th most imported product in Philippines. Philippines imports Fake Hair primarily from: China ($15.6M), South Korea ($767k), India ($424k), Japan ($159k), and Indonesia ($59.3k).

The fastest growing import markets in Fake Hair for Philippines between 2021 and 2022 were China ($12.6M), South Korea ($189k), and India ($142k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Fake Hair exports accounted up to $2.17M and imports accounted up to $281k, resulting in a positive trade balance of $1.89M. Between August 2023 and August 2024 the exports of Philippines'   Fake Hair have decreased by $-125k (-5.43%) from $2.3M to $2.17M, while imports increased by $61k (27.7%) from $220k to $281k.

Destinations In August 2024, Fake Hair were exported mostly to Japan ($2.12M), United States ($46.8k), France ($2.95k), Netherlands ($2.86k), and Germany ($1.34k), and were imported mostly from Vietnam ($174k), China ($82.7k), Japan ($20.3k), United States ($1k), and Netherlands ($840).

Growth In August 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 August 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 (August 2023 - August 2024)$-125k(-5.43%)
IMPORT GROWTH (August 2023 - August 2024)$61k(27.7%)
MAIN DESTINATION (August 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 (2022)$37.7M
IMPORTS (2022)$17.1M
NET TRADE (2022)$20.6M

In 2022, Philippines exported $37.7M in Fake Hair. The main destinations of Philippines exports on Fake Hair were Japan ($26.7M), Hong Kong ($5.4M), Germany ($2.15M), United States ($1.13M), and Belgium ($618k).

In 2022, Philippines imported $17.1M in Fake Hair, mainly from China ($15.6M), South Korea ($767k), India ($424k), Japan ($159k), and Indonesia ($59.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fake Hair EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$5.37M (17.4k%)
Germany$1.55M (257%)
Austria$219k (111%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fake Hair BY Philippines WERE (2021 - 2022):
Japan-$2.05M (-7.13%)
France-$177k (-66.8%)
Spain-$130k (-78.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Fake Hair were:
China $3.28B
Indonesia $482M
Bangladesh $186M
In 2022, Philippines's main importing competitors in Fake Hair were:
United States $2.01B
Nigeria $461M
South Africa $226M

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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.

See methodology.

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