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2022
Exports $3.95MWorld Rnk 74 / 180
Flag Rnk 436 / 1127
2022
Destination $576k China
2021 - 2022
FASTEST GROWING MARKET $576kChina
2022
PRODUCT COMPLEXITY IN Light Rubberized Knitted Fabric-0.28Rnk 640 / 1025
2022
Imports $653MWorld Rnk 13 / 215
Flag Rnk 51 / 1201
2022
Origin $697k China
2021 - 2022
FASTEST GROWING ORIGIN $697kIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.95M in Light Rubberized Knitted Fabric, making it the 74th largest exporter of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 436th most exported product in Philippines. The main destination of Light Rubberized Knitted Fabric exports from Philippines are: China ($759k), Japan ($705k), Cambodia ($357k), Vietnam ($343k), and United States ($319k).

The fastest growing export markets for Light Rubberized Knitted Fabric of Philippines between 2021 and 2022 were China ($576k), United States ($282k), and Singapore ($154k).

Imports In 2022, Philippines imported $653M in Light Rubberized Knitted Fabric, becoming the 13th largest importer of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 51st most imported product in Philippines. Philippines imports Light Rubberized Knitted Fabric primarily from: China ($484M), South Korea ($50.9M), Chinese Taipei ($47.9M), Vietnam ($26M), and Hong Kong ($22.2M).

The fastest growing import markets in Light Rubberized Knitted Fabric for Philippines between 2021 and 2022 were Indonesia ($697k), Turkey ($656k), and Italy ($512k).

Latest Trends

April 2024

About

Overview In April 2024 Philippines' Light Rubberized Knitted Fabric exports accounted up to $99 and imports accounted up to $1.12M, resulting in a negative trade balance of $1.12M. Between January 2023 and April 2024 the exports of Philippines'   Light Rubberized Knitted Fabric have decreased by $-507 (-83.7%) from $606 to $99, while imports increased by $248k (28.5%) from $869k to $1.12M.

Destinations In April 2024, Light Rubberized Knitted Fabric were exported mostly to , and were imported mostly from South Korea ($1.04M), China ($69.9k), and Japan ($1.99k).

Growth In April 2024, the decrease in Light Rubberized Knitted Fabric's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the increase in Light Rubberized Knitted Fabric's year-by-year imports was explained primarily by an increase in imports from South Korea ($1.41M or 1.04k%) and China ($104k or 544%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - April 2024)$-507(-83.7%)
IMPORT GROWTH (September 2023 - September 2024)$248k(28.5%)
MAIN DESTINATION (April 2024)

This section shows Light Rubberized Knitted Fabric'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 Light Rubberized Knitted Fabric over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.95M
IMPORTS (2022)$653M
NET TRADE (2022)-$649M

In 2022, Philippines exported $3.95M in Light Rubberized Knitted Fabric. The main destinations of Philippines exports on Light Rubberized Knitted Fabric were China ($759k), Japan ($705k), Cambodia ($357k), Vietnam ($343k), and United States ($319k).

In 2022, Philippines imported $653M in Light Rubberized Knitted Fabric, mainly from China ($484M), South Korea ($50.9M), Chinese Taipei ($47.9M), Vietnam ($26M), and Hong Kong ($22.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Light Rubberized Knitted Fabric EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$576k (315%)
United States$282k (773%)
Singapore$154k (1.72k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Rubberized Knitted Fabric BY Philippines WERE (2021 - 2022):
Japan-$880k (-55.5%)
Cambodia-$663k (-65%)
Switzerland-$107k (-31%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Light Rubberized Knitted Fabric were:
China $17.4B
Chinese Taipei $2.4B
South Korea $2.09B
In 2022, Philippines's main importing competitors in Light Rubberized Knitted Fabric were:
Vietnam $6.5B
Cambodia $2.52B
Indonesia $1.76B

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Trade Value of Light Rubberized Knitted Fabric by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $583
TOP IMPORT POTENTIALChina+ $357k

Light Rubberized Knitted Fabric’s highest export potential is China. With an export gap of $583.   Light Rubberized Knitted Fabric’s highest import potential is China with an import gap of $357k.

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