Non-Retail Synthetic Staple Fibers Yarn in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $17.4M in Non-Retail Synthetic Staple Fibers Yarn, making it the 32nd largest exporter of Non-Retail Synthetic Staple Fibers Yarn in the world. At the same year, Non-Retail Synthetic Staple Fibers Yarn was the 280th most exported product in Philippines. The main destination of Non-Retail Synthetic Staple Fibers Yarn exports from Philippines are: Egypt ($3.23M), Portugal ($1.85M), Bangladesh ($1.72M), Algeria ($1.45M), and Turkey ($1.41M).

The fastest growing export markets for Non-Retail Synthetic Staple Fibers Yarn of Philippines between 2021 and 2022 were Egypt ($713k), Ethiopia ($450k), and Portugal ($406k).

Imports In 2022, Philippines imported $70.3M in Non-Retail Synthetic Staple Fibers Yarn, becoming the 23rd largest importer of Non-Retail Synthetic Staple Fibers Yarn in the world. At the same year, Non-Retail Synthetic Staple Fibers Yarn was the 331st most imported product in Philippines. Philippines imports Non-Retail Synthetic Staple Fibers Yarn primarily from: Vietnam ($47.6M), China ($12.7M), Indonesia ($2.8M), India ($1.83M), and Chinese Taipei ($1.57M).

The fastest growing import markets in Non-Retail Synthetic Staple Fibers Yarn for Philippines between 2021 and 2022 were Vietnam ($38.5M), China ($5.28M), and India ($1.18M).

Latest Trends

July 2024

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Overview In July 2024 Philippines' Non-Retail Synthetic Staple Fibers Yarn exports accounted up to $12.1k and imports accounted up to $965k, resulting in a negative trade balance of $953k. Between June 2023 and July 2024 the exports of Philippines' Non-Retail Synthetic Staple Fibers Yarn have decreased by $-1.19M (-99%) from $1.21M to $12.1k, while imports decreased by $-111k (-10.3%) from $1.08M to $965k.

Destinations In July 2024, Non-Retail Synthetic Staple Fibers Yarn were exported mostly to , and were imported mostly from China ($426k), Vietnam ($420k), Indonesia ($63.4k), India ($24.3k), and Japan ($20k).

Growth In July 2024, the decrease in Non-Retail Synthetic Staple Fibers Yarn's year-by-year exports was explained primarily by a decrease in exports to Algeria ($-356k or -67.8%), Turkey ($-325k or -84.8%), and Portugal ($-162k or -29.9%). In September 2024, the decrease in Non-Retail Synthetic Staple Fibers Yarn's year-by-year imports was explained primarily by a decrease in imports from China ($-753k or -66.6%), Thailand ($-115k or -92.2%), and Chinese Taipei ($-56.3k or -97.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - July 2024)$-1.19M(-99%)

IMPORT GROWTH (September 2023 - September 2024)$-111k(-10.3%)

MAIN DESTINATION (July 2024)

This section shows Non-Retail Synthetic Staple Fibers Yarn'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-Retail Synthetic Staple Fibers Yarn over time.

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