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2022
Exports $7.64MWorld Rnk 63 / 207
Flag Rnk 371 / 1127
2022
Destination $1.57M Germany
2021 - 2022
FASTEST GROWING MARKET $1.57MGermany
2022
PRODUCT COMPLEXITY IN Felt or Coated Fabric Garments-1.16Rnk 873 / 1025
2022
Imports $37.6MWorld Rnk 42 / 221
Flag Rnk 446 / 1201
2022
Origin $15M United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $15MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.64M in Felt or Coated Fabric Garments, making it the 63rd largest exporter of Felt or Coated Fabric Garments in the world. At the same year, Felt or Coated Fabric Garments was the 371st most exported product in Philippines. The main destination of Felt or Coated Fabric Garments exports from Philippines are: Germany ($2.22M), United States ($1.27M), South Korea ($815k), Japan ($760k), and United Kingdom ($736k).

The fastest growing export markets for Felt or Coated Fabric Garments of Philippines between 2021 and 2022 were Germany ($1.57M), United States ($726k), and United Kingdom ($520k).

Imports In 2022, Philippines imported $37.6M in Felt or Coated Fabric Garments, becoming the 42nd largest importer of Felt or Coated Fabric Garments in the world. At the same year, Felt or Coated Fabric Garments was the 446th most imported product in Philippines. Philippines imports Felt or Coated Fabric Garments primarily from: United Arab Emirates ($15M), China ($6.93M), Israel ($4.65M), Thailand ($3.92M), and India ($2.43M).

The fastest growing import markets in Felt or Coated Fabric Garments for Philippines between 2021 and 2022 were United Arab Emirates ($15M), Israel ($4.64M), and Thailand ($3.82M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Felt or Coated Fabric Garments exports accounted up to $218k and imports accounted up to $326k, resulting in a negative trade balance of $108k. Between August 2023 and August 2024 the exports of Philippines'   Felt or Coated Fabric Garments have decreased by $-175k (-44.6%) from $393k to $218k, while imports decreased by $-100k (-23.5%) from $426k to $326k.

Destinations In August 2024, Felt or Coated Fabric Garments were exported mostly to South Korea ($147k), United States ($70.6k), and Solomon Islands ($639), and were imported mostly from China ($151k), Indonesia ($123k), Vietnam ($13.2k), United Kingdom ($10.7k), and Malaysia ($7.32k).

Growth In August 2024, the decrease in Felt or Coated Fabric Garments's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Felt or Coated Fabric Garments's year-by-year imports was explained primarily by a decrease in imports from China ($-553k or -80.8%), Vietnam ($-277k or -88.7%), and Chinese Taipei ($-9.48k or -63.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-175k(-44.6%)
IMPORT GROWTH (August 2023 - August 2024)$-100k(-23.5%)
MAIN DESTINATION (August 2024)South Korea$147k

This section shows Felt or Coated Fabric Garments'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 Felt or Coated Fabric Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.64M
IMPORTS (2022)$37.6M
NET TRADE (2022)-$29.9M

In 2022, Philippines exported $7.64M in Felt or Coated Fabric Garments. The main destinations of Philippines exports on Felt or Coated Fabric Garments were Germany ($2.22M), United States ($1.27M), South Korea ($815k), Japan ($760k), and United Kingdom ($736k).

In 2022, Philippines imported $37.6M in Felt or Coated Fabric Garments, mainly from United Arab Emirates ($15M), China ($6.93M), Israel ($4.65M), Thailand ($3.92M), and India ($2.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Felt or Coated Fabric Garments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$1.57M (241%)
United States$726k (133%)
United Kingdom$520k (240%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt or Coated Fabric Garments BY Philippines WERE (2021 - 2022):
Ireland-$195k (-62.6%)
South Korea-$135k (-14.2%)
France-$82.7k (-62.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Felt or Coated Fabric Garments were:
China $4.89B
Vietnam $1.3B
Bangladesh $776M
In 2022, Philippines's main importing competitors in Felt or Coated Fabric Garments were:
United States $2.39B
Germany $1.33B
France $730M

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Trade Value of Felt or Coated Fabric Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.53M
TOP IMPORT POTENTIALChina+ $6.84M

Felt or Coated Fabric Garments’s highest export potential is United States. With an export gap of $1.53M.   Felt or Coated Fabric Garments’s highest import potential is China with an import gap of $6.84M.

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