2022
Exports
$45.1MWorld Rnk 39 / 220
Flag Rnk 174 / 1127
2022
PRODUCT COMPLEXITY IN Other Cloth Articles
-1.53Rnk 950 / 1025
2022
Imports
$287MWorld Rnk 16 / 226
Flag Rnk 119 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $45.1M in Other Cloth Articles, making it the 39th largest exporter of Other Cloth Articles in the world. At the same year, Other Cloth Articles was the 174th most exported product in Philippines. The main destination of Other Cloth Articles exports from Philippines are: Japan ($13.3M), United States ($7.57M), China ($6.49M), South Korea ($4M), and United Kingdom ($2.05M).

The fastest growing export markets for Other Cloth Articles of Philippines between 2021 and 2022 were China ($3.07M), South Korea ($1.66M), and Italy ($365k).

Imports In 2022, Philippines imported $287M in Other Cloth Articles, becoming the 16th largest importer of Other Cloth Articles in the world. At the same year, Other Cloth Articles was the 119th most imported product in Philippines. Philippines imports Other Cloth Articles primarily from: China ($261M), Singapore ($6.73M), South Korea ($4.09M), Chinese Taipei ($3.48M), and Japan ($2.32M).

The fastest growing import markets in Other Cloth Articles for Philippines between 2021 and 2022 were China ($77.9M), Germany ($872k), and Bangladesh ($788k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$964k(34.9%)
IMPORT GROWTH (July 2023 - July 2024)$1.04M(36.7%)
MAIN DESTINATION (July 2024)United States$1.01M

This section shows Other Cloth Articles'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 Other Cloth Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.1M
IMPORTS (2022)$287M
NET TRADE (2022)-$242M

In 2022, Philippines exported $45.1M in Other Cloth Articles. The main destinations of Philippines exports on Other Cloth Articles were Japan ($13.3M), United States ($7.57M), China ($6.49M), South Korea ($4M), and United Kingdom ($2.05M).

In 2022, Philippines imported $287M in Other Cloth Articles, mainly from China ($261M), Singapore ($6.73M), South Korea ($4.09M), Chinese Taipei ($3.48M), and Japan ($2.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Cloth Articles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$3.07M (89.7%)
South Korea$1.66M (71%)
Italy$365k (6.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Cloth Articles BY Philippines WERE (2021 - 2022):
Japan-$9.6M (-42%)
United States-$1.72M (-18.5%)
Thailand-$1.58M (-54.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Cloth Articles were:
In 2022, Philippines's main importing competitors in Other Cloth Articles were:

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Trade Value of Other Cloth Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.46M
TOP IMPORT POTENTIALChina+ $5.82M

Other Cloth Articles’s highest export potential is United States. With an export gap of $7.46M.   Other Cloth Articles’s highest import potential is China with an import gap of $5.82M.

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