Furskins, articifial fur, & articles in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $10.6M in Furskins, articifial fur, & articles, making it the 27th largest exporter of Furskins, articifial fur, & articles in the world. At the same year, Furskins, articifial fur, & articles was the 77th most exported product in Philippines. The main destination of Furskins, articifial fur, & articles exports from Philippines are: Italy ($3.92M), Germany ($3.42M), United States ($2.49M), Norway ($183k), and Switzerland ($137k).

The fastest growing export markets for Furskins, articifial fur, & articles of Philippines between 2021 and 2022 were United States ($676k), Germany ($288k), and Iceland ($97.4k).

Imports In 2022, Philippines imported $18M in Furskins, articifial fur, & articles, becoming the 29th largest importer of Furskins, articifial fur, & articles in the world. At the same year, Furskins, articifial fur, & articles was the 91st most imported product in Philippines. Philippines imports Furskins, articifial fur, & articles primarily from: China ($9.84M), Uruguay ($3.92M), Italy ($1.94M), Singapore ($1.76M), and Spain ($150k).

The fastest growing import markets in Furskins, articifial fur, & articles for Philippines between 2021 and 2022 were Singapore ($725k), Italy ($459k), and United States ($69.1k).

COMPANIES In 2023, leading companies such as Michael Kors (2) and Lawrence Wholesale (1) were at the forefront of shipping Furskins, articifial fur, & articles from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Furskins, articifial fur, & articles exports accounted up to $467k and imports accounted up to $773k, resulting in a negative trade balance of $306k. Between June 2023 and June 2024 the exports of Philippines' Furskins, articifial fur, & articles have increased by $286k (157%) from $182k to $467k, while imports increased by $258k (50.2%) from $515k to $773k.

Destinations In June 2024, Furskins, articifial fur, & articles were exported mostly to Germany ($414k), United States ($27k), and Italy ($26.9k), and were imported mostly from Italy ($403k), Singapore ($156k), Uruguay ($127k), Portugal ($29.8k), and Denmark ($26.4k).

Growth In June 2024, the increase in Furskins, articifial fur, & articles's year-by-year exports was explained primarily by an increase in exports to Germany ($14.4k or 127%). In June 2024, the increase in Furskins, articifial fur, & articles's year-by-year imports was explained primarily by an increase in imports from Italy ($164k or 121%), Singapore ($85.7k or 114%), and Uruguay ($26.7k or 74.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$286k(157%)

IMPORT GROWTH (June 2023 - June 2024)$258k(50.2%)

MAIN DESTINATION (June 2024)Germany$414k

This section shows Furskins, articifial fur, & articles'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 Furskins, articifial fur, & articles over time.

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