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2022
Exports $8.16MWorld Rnk 51 / 193
Flag Rnk 362 / 1127
2022
Destination $1.05M United States
2021 - 2022
FASTEST GROWING MARKET $1.05MUnited States
2022
PRODUCT COMPLEXITY IN Knit Active Wear-0.86Rnk 791 / 1025
2022
Imports $30.4MWorld Rnk 38 / 212
Flag Rnk 492 / 1201
2022
Origin $11.4M China
2021 - 2022
FASTEST GROWING ORIGIN $11.4MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $8.16M in Knit Active Wear, making it the 51st largest exporter of Knit Active Wear in the world. At the same year, Knit Active Wear was the 362nd most exported product in Philippines. The main destination of Knit Active Wear exports from Philippines are: United States ($1.32M), Germany ($1.11M), Australia ($1.08M), Netherlands ($909k), and Argentina ($797k).

The fastest growing export markets for Knit Active Wear of Philippines between 2021 and 2022 were United States ($1.05M), Argentina ($797k), and Spain ($628k).

Imports In 2022, Philippines imported $30.4M in Knit Active Wear, becoming the 38th largest importer of Knit Active Wear in the world. At the same year, Knit Active Wear was the 492nd most imported product in Philippines. Philippines imports Knit Active Wear primarily from: China ($28.9M), Indonesia ($274k), Singapore ($203k), Malaysia ($167k), and Cambodia ($131k).

The fastest growing import markets in Knit Active Wear for Philippines between 2021 and 2022 were China ($11.4M), Malaysia ($131k), and Singapore ($128k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Knit Active Wear exports accounted up to $241k and imports accounted up to $228k, resulting in a positive trade balance of $12.6k. Between August 2023 and August 2024 the exports of Philippines'   Knit Active Wear have increased by $53.5k (28.6%) from $187k to $241k, while imports increased by $141k (162%) from $87.1k to $228k.

Destinations In August 2024, Knit Active Wear were exported mostly to United States ($113k), Australia ($93.5k), Poland ($22k), United Kingdom ($9.59k), and Japan ($2.89k), and were imported mostly from China ($124k), Vietnam ($48.5k), Sri Lanka ($24.6k), Bangladesh ($14.2k), and Indonesia ($3.37k).

Growth In August 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 August 2024, the increase in Knit Active Wear's year-by-year imports was explained primarily by an increase in imports from China ($523k or 868%), Cambodia ($24.5k or 47.2k%), and Vietnam ($12k or 372%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$53.5k(28.6%)
IMPORT GROWTH (August 2023 - August 2024)$141k(162%)
MAIN DESTINATION (August 2024)United States$113k

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 (2022)$8.16M
IMPORTS (2022)$30.4M
NET TRADE (2022)-$22.2M

In 2022, Philippines exported $8.16M in Knit Active Wear. The main destinations of Philippines exports on Knit Active Wear were United States ($1.32M), Germany ($1.11M), Australia ($1.08M), Netherlands ($909k), and Argentina ($797k).

In 2022, Philippines imported $30.4M in Knit Active Wear, mainly from China ($28.9M), Indonesia ($274k), Singapore ($203k), Malaysia ($167k), and Cambodia ($131k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Active Wear EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$1.05M (388%)
Argentina$797k (669k%)
Spain$628k (1.44k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Active Wear BY Philippines WERE (2021 - 2022):
China-$245k (-91.4%)
United Kingdom-$220k (-54.2%)
Brazil-$100k (-91.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Knit Active Wear were:
China $2.33B
Vietnam $632M
Germany $400M
In 2022, Philippines's main importing competitors in Knit Active Wear were:
United States $1.42B
Germany $708M
United Kingdom $426M

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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.

See methodology.

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