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2023
Exports $192MWorld Rnk 31 / 222
Flag Rnk 66 / 1123
2023
Destination $5.63M United States
2022 - 2023
FASTEST GROWING MARKET $5.63MCanada
2023
PRODUCT COMPLEXITY IN Non-Knit Women's Suits-1.24Rnk 887 / 1025
2023
Imports $180MWorld Rnk 48 / 223
Flag Rnk 142 / 1202
2023
Origin $31.2M China
2022 - 2023
FASTEST GROWING ORIGIN $31.2MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $192M in Non-Knit Women's Suits, making it the 31st largest exporter of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 66th most exported product in Philippines. The main destination of Non-Knit Women's Suits exports from Philippines are: United States ($95.9M), Japan ($17.6M), Canada ($16.5M), United Kingdom ($14.1M), and Germany ($6.42M).

The fastest growing export markets for Non-Knit Women's Suits of Philippines between 2022 and 2023 were Canada ($5.63M), United Kingdom ($2.96M), and Japan ($2.49M).

Imports In 2023, Philippines imported $180M in Non-Knit Women's Suits, becoming the 48th largest importer of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 142nd most imported product in Philippines. Philippines imports Non-Knit Women's Suits primarily from: China ($131M), Bangladesh ($7.86M), Vietnam ($6.99M), Cambodia ($5.62M), and Italy ($5.06M).

The fastest growing import markets in Non-Knit Women's Suits for Philippines between 2022 and 2023 were China ($31.2M), Italy ($3.15M), and Cambodia ($2.11M).

COMPANIES In 2023, leading companies such as JP Boden Services (141), Banana Republic (35), and Gap (26) were at the forefront of shipping Non-Knit Women's Suits from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Non-Knit Women's Suits exports accounted up to $13.4M and imports accounted up to $7.37M, resulting in a positive trade balance of $6.02M. Between July 2023 and July 2024 the exports of Philippines'   Non-Knit Women's Suits have increased by $4.56M (51.6%) from $8.83M to $13.4M, while imports decreased by $-1.28M (-14.8%) from $8.65M to $7.37M.

Destinations In July 2024, Non-Knit Women's Suits were exported mostly to United States ($9.33M), United Kingdom ($1.64M), China ($536k), Australia ($511k), and Canada ($493k), and were imported mostly from China ($3.18M), Cambodia ($1.2M), Morocco ($625k), Bangladesh ($527k), and Italy ($417k).

Growth In July 2024, the increase in Non-Knit Women's Suits's year-by-year exports was explained primarily by an increase in exports to United States ($2.29M or 32.9%), United Kingdom ($497k or 155%), and Italy ($322k or 3.09k%). In July 2024, the decrease in Non-Knit Women's Suits's year-by-year imports was explained primarily by a decrease in imports from Russia ($-34.1k or -98%), Hong Kong ($-12.9k or -62.4%), and Romania ($-3.26k or -49.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$4.56M(51.6%)
IMPORT GROWTH (July 2023 - July 2024)$-1.28M(-14.8%)
MAIN DESTINATION (July 2024)United States$9.33M

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$192M
IMPORTS (2023)$180M
NET TRADE (2023)$11.8M

In 2023, Philippines exported $192M in Non-Knit Women's Suits. The main destinations of Philippines exports on Non-Knit Women's Suits were United States ($95.9M), Japan ($17.6M), Canada ($16.5M), United Kingdom ($14.1M), and Germany ($6.42M).

In 2023, Philippines imported $180M in Non-Knit Women's Suits, mainly from China ($131M), Bangladesh ($7.86M), Vietnam ($6.99M), Cambodia ($5.62M), and Italy ($5.06M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Women's Suits EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Canada$5.63M (52%)
United Kingdom$2.96M (26.7%)
Japan$2.49M (16.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Women's Suits BY Philippines WERE (2022 - 2023):
United States-$9.04M (-8.62%)
Norfolk Island-$4.68M (-90.5%)
China-$2.39M (-36.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Non-Knit Women's Suits were:
China $20.4B
Bangladesh $5.64B
Turkey $4.56B
In 2023, Philippines's main importing competitors in Non-Knit Women's Suits were:
United States $10.7B
Germany $5.41B
Spain $4.38B

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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.7M
TOP IMPORT POTENTIALChina+ $42.8M

Non-Knit Women's Suits’s highest export potential is United States. With an export gap of $31.7M.   Non-Knit Women's Suits’s highest import potential is China with an import gap of $42.8M.

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