2018
Exports
$113MWorld Rnk 27 / 207
Flag Rnk 101 / 1127
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2018
Imports
$312MWorld Rnk 15 / 221
Flag Rnk 114 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2018, Philippines exported $113M in Knit Men's Suits, making it the 27th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 101st most exported product in Philippines. The main destination of Knit Men's Suits exports from Philippines are: United States ($47.4M), Canada ($18.9M), Japan ($7.6M), Netherlands ($6.31M), and South Korea ($6.02M).

The fastest growing export markets for Knit Men's Suits of Philippines between 2021 and 2022 were United States ($33.3M), Canada ($11.9M), and Kuwait ($2.52M).

Imports In 2022, Philippines imported $312M in Knit Men's Suits, becoming the 15th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 114th most imported product in Philippines. Philippines imports Knit Men's Suits primarily from: China ($296M), Vietnam ($4.1M), Bangladesh ($2.69M), Indonesia ($1.21M), and Singapore ($1.03M).

The fastest growing import markets in Knit Men's Suits for Philippines between 2021 and 2022 were China ($203M), Vietnam ($2.5M), and Bangladesh ($1.9M).

COMPANIES In 2023, leading companies such as Adidas (11) and Panasonic (1) were at the forefront of shipping Knit Men's Suits from Philippines to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.5M(-69.3%)
IMPORT GROWTH (June 2023 - June 2024)$-1.07M(-57.4%)
MAIN DESTINATION (June 2024)South Korea$275k

This section shows Knit Men's Suits'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 Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$113M
IMPORTS (2022)$312M
NET TRADE (2022)-$198M

In 2022, Philippines exported $113M in Knit Men's Suits. The main destinations of Philippines exports on Knit Men's Suits were United States ($47.4M), Canada ($18.9M), Japan ($7.6M), Netherlands ($6.31M), and South Korea ($6.02M).

In 2022, Philippines imported $312M in Knit Men's Suits, mainly from China ($296M), Vietnam ($4.1M), Bangladesh ($2.69M), Indonesia ($1.21M), and Singapore ($1.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$33.3M (235%)
Canada$11.9M (171%)
Kuwait$2.52M (375%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Philippines WERE (2021 - 2022):
Austria-$3.19M (-99.9%)
Germany-$825k (-21.1%)
Russia-$577k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Knit Men's Suits were:
In 2022, Philippines's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.1M
TOP IMPORT POTENTIALVietnam+ $6.42M

Knit Men's Suits’s highest export potential is United States. With an export gap of $13.1M.   Knit Men's Suits’s highest import potential is Vietnam with an import gap of $6.42M.

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