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2022
Exports $248kWorld Rnk 47 / 109
Flag Rnk 755 / 1127
2022
Destination $50.1k Vietnam
2021 - 2022
FASTEST GROWING MARKET $50.1kChinese Taipei
2022
Imports $878kWorld Rnk 42 / 172
Flag Rnk 1011 / 1201
2022
Origin $82.8k Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $82.8kIndia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $248k in Prepared Cotton, making it the 47th largest exporter of Prepared Cotton in the world. At the same year, Prepared Cotton was the 755th most exported product in Philippines. The main destination of Prepared Cotton exports from Philippines are: Vietnam ($194k), Chinese Taipei ($50.1k), Thailand ($3.55k), Japan ($302), and Maldives ($73).

The fastest growing export markets for Prepared Cotton of Philippines between 2021 and 2022 were Chinese Taipei ($50.1k) and Maldives ($36).

Imports In 2022, Philippines imported $878k in Prepared Cotton, becoming the 42nd largest importer of Prepared Cotton in the world. At the same year, Prepared Cotton was the 1011th most imported product in Philippines. Philippines imports Prepared Cotton primarily from: Indonesia ($579k), Pakistan ($181k), India ($83.2k), China ($18.6k), and Japan ($10k).

The fastest growing import markets in Prepared Cotton for Philippines between 2021 and 2022 were India ($82.8k) and Vietnam ($3.4k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Prepared Cotton exports accounted up to $576 and imports accounted up to $46k, resulting in a negative trade balance of $45.4k. Between May 2022 and September 2024 the exports of Philippines'   Prepared Cotton have decreased by $-39k (-98.5%) from $39.6k to $576, while imports increased by $18.8k (68.9%) from $27.2k to $46k.

Destinations In September 2024, Prepared Cotton were exported mostly to , and were imported mostly from Pakistan ($45.8k) and China ($212).

Growth In September 2024, the decrease in Prepared Cotton's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Prepared Cotton's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - September 2024)$-39k(-98.5%)
IMPORT GROWTH (September 2023 - October 2024)$18.8k(68.9%)
MAIN DESTINATION (September 2024)

This section shows Prepared Cotton'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 Prepared Cotton over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$248k
IMPORTS (2022)$878k
NET TRADE (2022)-$630k

In 2022, Philippines exported $248k in Prepared Cotton. The main destinations of Philippines exports on Prepared Cotton were Vietnam ($194k), Chinese Taipei ($50.1k), Thailand ($3.55k), Japan ($302), and Maldives ($73).

In 2022, Philippines imported $878k in Prepared Cotton, mainly from Indonesia ($579k), Pakistan ($181k), India ($83.2k), China ($18.6k), and Japan ($10k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Cotton EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chinese Taipei$50.1k (1%)
Maldives$36 (97.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Cotton BY Philippines WERE (2021 - 2022):
Vietnam-$49.7k (-20.4%)
Thailand-$4.88k (-57.8%)
Qatar-$2.18k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Prepared Cotton were:
India $66.6M
Tanzania $44M
United States $29.7M
In 2022, Philippines's main importing competitors in Prepared Cotton were:
Vietnam $49.4M
Pakistan $29.1M
Chinese Taipei $23.5M

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Trade Value of Prepared Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $19.3k
TOP IMPORT POTENTIALJapan+ $12.6k

Prepared Cotton’s highest export potential is Vietnam. With an export gap of $19.3k.   Prepared Cotton’s highest import potential is Japan with an import gap of $12.6k.

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