Knit T-shirts in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $72M in Knit T-shirts, making it the 55th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 141st most exported product in Philippines. The main destination of Knit T-shirts exports from Philippines are: United States ($11.8M), Germany ($11.7M), Japan ($8.33M), South Korea ($5.35M), and United Kingdom ($3.57M).

The fastest growing export markets for Knit T-shirts of Philippines between 2021 and 2022 were Germany ($4.41M), United Kingdom ($1.92M), and Hong Kong ($1.54M).

Imports In 2022, Philippines imported $276M in Knit T-shirts, becoming the 40th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 122nd most imported product in Philippines. Philippines imports Knit T-shirts primarily from: China ($198M), Vietnam ($25.8M), Bangladesh ($10.1M), Spain ($5.46M), and Indonesia ($5.15M).

The fastest growing import markets in Knit T-shirts for Philippines between 2021 and 2022 were China ($53.3M), Vietnam ($16M), and India ($3.33M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Knit T-shirts from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Knit T-shirts exports accounted up to $2.18M and imports accounted up to $3.55M, resulting in a negative trade balance of $1.37M. Between August 2020 and August 2021 the exports of Philippines' Knit T-shirts have decreased by $-878k (-28.7%) from $3.06M to $2.18M, while imports decreased by $-2.62M (-42.5%) from $6.17M to $3.55M.

Destinations In August 2021, Knit T-shirts were exported mostly to United States ($1.16M), Japan ($526k), South Korea ($159k), Spain ($150k), and Italy ($69.8k), and were imported mostly from Vietnam ($1.08M), China ($974k), Bangladesh ($484k), Italy ($259k), and Turkey ($112k).

Growth In August 2021, the decrease in Knit T-shirts's year-by-year exports was explained primarily by a decrease in exports to United States ($-2.03M or -92.8%), South Korea ($-612k or -47.3%), and Ghana ($-170k or -85%). In August 2021, the decrease in Knit T-shirts's year-by-year imports was explained primarily by a decrease in imports from China ($-461k or -11.8%), Spain ($-220k or -69.8%), and India ($-105k or -44.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$-878k(-28.7%)

IMPORT GROWTH (August 2020 - August 2021)$-2.62M(-42.5%)

MAIN DESTINATION (August 2021)United States$1.16M

This section shows Knit T-shirts'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 T-shirts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$72M

IMPORTS (2022)$276M

NET TRADE (2022)-$204M

In 2022, Philippines exported $72M in Knit T-shirts. The main destinations of Philippines exports on Knit T-shirts were United States ($11.8M), Germany ($11.7M), Japan ($8.33M), South Korea ($5.35M), and United Kingdom ($3.57M).

In 2022, Philippines imported $276M in Knit T-shirts, mainly from China ($198M), Vietnam ($25.8M), Bangladesh ($10.1M), Spain ($5.46M), and Indonesia ($5.15M).

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