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2023
Exports $3.47MWorld Rnk 58 / 194
Flag Rnk 437 / 1123
2023
Destination $310k Australia
2022 - 2023
FASTEST GROWING MARKET $310kAustralia
2023
PRODUCT COMPLEXITY IN Knit Active Wear-1.03Rnk 835 / 1025
2023
Imports $21.6MWorld Rnk 39 / 211
Flag Rnk 505 / 1202
2023
Origin $286k China
2022 - 2023
FASTEST GROWING ORIGIN $286kVietnam
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $3.47M in Knit Active Wear, making it the 58th largest exporter of Knit Active Wear in the world. At the same year, Knit Active Wear was the 437th most exported product in Philippines. The main destination of Knit Active Wear exports from Philippines are: Australia ($833k), United States ($669k), Japan ($431k), Germany ($357k), and Poland ($221k).

The fastest growing export markets for Knit Active Wear of Philippines between 2022 and 2023 were Australia ($310k), Japan ($246k), and Poland ($120k).

Imports In 2023, Philippines imported $21.6M in Knit Active Wear, becoming the 39th largest importer of Knit Active Wear in the world. At the same year, Knit Active Wear was the 505th most imported product in Philippines. Philippines imports Knit Active Wear primarily from: China ($20M), Vietnam ($507k), Bangladesh ($183k), Malaysia ($168k), and Cambodia ($128k).

The fastest growing import markets in Knit Active Wear for Philippines between 2022 and 2023 were Vietnam ($286k), Malaysia ($103k), and Bangladesh ($77.5k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Knit Active Wear exports accounted up to $239k and imports accounted up to $123k, resulting in a positive trade balance of $116k. Between July 2023 and July 2024 the exports of Philippines'   Knit Active Wear have increased by $42.4k (21.5%) from $197k to $239k, while imports decreased by $-204k (-62.4%) from $327k to $123k.

Destinations In July 2024, Knit Active Wear were exported mostly to United States ($76.4k), Australia ($64k), Poland ($45.3k), Malaysia ($26.4k), and United Kingdom ($11.9k), and were imported mostly from China ($51.9k), Sri Lanka ($29.7k), Vietnam ($20.6k), Bangladesh ($7.13k), and Morocco ($2.85k).

Growth In July 2024, the increase in Knit Active Wear's year-by-year exports was explained primarily by an increase in exports to United States ($57.6k or 186%). In July 2024, the decrease in Knit Active Wear's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-38.7k or -96.5%), Italy ($-10.4k or -88.1%), and India ($-10.1k or -59.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$42.4k(21.5%)
IMPORT GROWTH (July 2023 - July 2024)$-204k(-62.4%)
MAIN DESTINATION (July 2024)United States$76.4k

This section shows Knit Active Wear'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 Knit Active Wear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.47M
IMPORTS (2023)$21.6M
NET TRADE (2023)-$18.1M

In 2023, Philippines exported $3.47M in Knit Active Wear. The main destinations of Philippines exports on Knit Active Wear were Australia ($833k), United States ($669k), Japan ($431k), Germany ($357k), and Poland ($221k).

In 2023, Philippines imported $21.6M in Knit Active Wear, mainly from China ($20M), Vietnam ($507k), Bangladesh ($183k), Malaysia ($168k), and Cambodia ($128k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Active Wear EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Australia$310k (59.2%)
Japan$246k (134%)
Poland$120k (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Active Wear BY Philippines WERE (2022 - 2023):
Netherlands-$904k (-99.3%)
Germany-$750k (-67.7%)
United States-$668k (-49.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Knit Active Wear were:
China $1.91B
Vietnam $496M
Cambodia $260M
In 2023, Philippines's main importing competitors in Knit Active Wear were:
United States $750M
Germany $499M
France $325M

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Trade Value of Knit Active Wear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $789k
TOP IMPORT POTENTIALChina+ $2.79M

Knit Active Wear’s highest export potential is United States. With an export gap of $789k.   Knit Active Wear’s highest import potential is China with an import gap of $2.79M.

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