2023
Exports
$83.9MWorld Rnk 47 / 221
Flag Rnk 118 / 1123
2023
PRODUCT COMPLEXITY IN Non-Knit Men's Suits
-1.21Rnk 878 / 1025
2023
Imports
$152MWorld Rnk 45 / 225
Flag Rnk 156 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $83.9M in Non-Knit Men's Suits, making it the 47th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 118th most exported product in Philippines. The main destination of Non-Knit Men's Suits exports from Philippines are: United States ($34.5M), Canada ($7.25M), China ($5.94M), Hong Kong ($3.73M), and Japan ($3.73M).

The fastest growing export markets for Non-Knit Men's Suits of Philippines between 2022 and 2023 were United States ($3.99M), Mexico ($469k), and Israel ($440k).

Imports In 2023, Philippines imported $152M in Non-Knit Men's Suits, becoming the 45th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 156th most imported product in Philippines. Philippines imports Non-Knit Men's Suits primarily from: China ($110M), Bangladesh ($9.04M), Vietnam ($8.22M), Indonesia ($6.69M), and Cambodia ($3.12M).

The fastest growing import markets in Non-Knit Men's Suits for Philippines between 2022 and 2023 were China ($43M), Indonesia ($1.35M), and Italy ($754k).

COMPANIES In 2023, leading companies such as Adidas (19) were at the forefront of shipping Non-Knit Men's Suits from Philippines to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$256k(37.9%)
IMPORT GROWTH (July 2023 - July 2024)$-792k(-10.4%)
MAIN DESTINATION (July 2024)United States$339k

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$83.9M
IMPORTS (2023)$152M
NET TRADE (2023)-$68.6M

In 2023, Philippines exported $83.9M in Non-Knit Men's Suits. The main destinations of Philippines exports on Non-Knit Men's Suits were United States ($34.5M), Canada ($7.25M), China ($5.94M), Hong Kong ($3.73M), and Japan ($3.73M).

In 2023, Philippines imported $152M in Non-Knit Men's Suits, mainly from China ($110M), Bangladesh ($9.04M), Vietnam ($8.22M), Indonesia ($6.69M), and Cambodia ($3.12M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United States$3.99M (13.1%)
Mexico$469k (154%)
Israel$440k (742%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Philippines WERE (2022 - 2023):
South Korea-$22.9M (-97.4%)
China-$3.46M (-36.8%)
Japan-$2.2M (-37.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Non-Knit Men's Suits were:
In 2023, Philippines's main importing competitors in Non-Knit Men's Suits were:

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.3M
TOP IMPORT POTENTIALVietnam+ $12.1M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $20.3M.   Non-Knit Men's Suits’s highest import potential is Vietnam with an import gap of $12.1M.

See methodology.

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