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2022
Exports $358MWorld Rnk 42 / 225
Flag Rnk 18 / 21
2022
Destination $12.1M United States
2021 - 2022
FASTEST GROWING MARKET $12.1MUnited States
2022
PRODUCT COMPLEXITY IN Footwear and Headwear0.5Rnk 367 / 1025
2022
Imports $2.38BWorld Rnk 19 / 225
Flag Rnk 15 / 21
2022
Origin $1.07B China
2021 - 2022
FASTEST GROWING ORIGIN $1.07BChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $358M in Footwear and Headwear, making it the 42nd largest exporter of Footwear and Headwear in the world. At the same year, Footwear and Headwear was the 18th most exported product in Philippines. The main destination of Footwear and Headwear exports from Philippines are: United States ($109M), Japan ($39.8M), Germany ($28.8M), Netherlands ($26.8M), and Czechia ($26.3M).

The fastest growing export markets for Footwear and Headwear of Philippines between 2021 and 2022 were United States ($12.1M), Czechia ($9.77M), and Germany ($8.54M).

Imports In 2022, Philippines imported $2.38B in Footwear and Headwear, becoming the 19th largest importer of Footwear and Headwear in the world. At the same year, Footwear and Headwear was the 15th most imported product in Philippines. Philippines imports Footwear and Headwear primarily from: China ($2.11B), Vietnam ($81.4M), Indonesia ($33.4M), Singapore ($27.8M), and Malaysia ($20.6M).

The fastest growing import markets in Footwear and Headwear for Philippines between 2021 and 2022 were China ($1.07B), Vietnam ($43.7M), and Singapore ($9.45M).

COMPANIES In 2023, leading companies such as Cinmar (66), JP Boden Services (1), and Michael Kors (1) were at the forefront of shipping Footwear and Headwear from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Footwear and Headwear exports accounted up to $15.4M and imports accounted up to $55.7M, resulting in a negative trade balance of $40.3M. Between July 2023 and July 2024 the exports of Philippines'   Footwear and Headwear have increased by $4.17M (37.3%) from $11.2M to $15.4M, while imports decreased by $-6.99M (-11.2%) from $62.7M to $55.7M.

Destinations In July 2024, Footwear and Headwear were exported mostly to United States ($5.61M), Japan ($3.09M), Czechia ($1.38M), South Korea ($1.1M), and Singapore ($849k), and were imported mostly from China ($30.9M), Vietnam ($12.7M), Indonesia ($6.48M), Italy ($1.58M), and India ($589k).

Growth In July 2024, the increase in Footwear and Headwear's year-by-year exports was explained primarily by an increase in exports to N/A. In July 2024, the decrease in Footwear and Headwear's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$4.17M(37.3%)
IMPORT GROWTH (July 2023 - July 2024)$-6.99M(-11.2%)
MAIN DESTINATION (July 2024)United States$5.61M

This section shows Footwear and Headwear'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 Footwear and Headwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$358M
IMPORTS (2022)$2.38B
NET TRADE (2022)-$2.02B

In 2022, Philippines exported $358M in Footwear and Headwear. The main destinations of Philippines exports on Footwear and Headwear were United States ($109M), Japan ($39.8M), Germany ($28.8M), Netherlands ($26.8M), and Czechia ($26.3M).

In 2022, Philippines imported $2.38B in Footwear and Headwear, mainly from China ($2.11B), Vietnam ($81.4M), Indonesia ($33.4M), Singapore ($27.8M), and Malaysia ($20.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Footwear and Headwear EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$12.1M (12.6%)
Czechia$9.77M (59.1%)
Germany$8.54M (42.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear and Headwear BY Philippines WERE (2021 - 2022):
South Korea-$4.19M (-24.5%)
Austria-$2.53M (-78.8%)
Russia-$1.88M (-98.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Footwear and Headwear were:
China $83.6B
Vietnam $28.2B
Italy $13.9B
In 2022, Philippines's main importing competitors in Footwear and Headwear were:
United States $43B
Germany $17.1B
France $10.2B

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Trade Value of Footwear and Headwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $62.2M
TOP IMPORT POTENTIALVietnam+ $92.4M

Footwear and Headwear’s highest export potential is United States. With an export gap of $62.2M.   Footwear and Headwear’s highest import potential is Vietnam with an import gap of $92.4M.

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