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2018
Exports $16.1kWorld Rnk 67 / 99
Flag Rnk 966 / 1127
2018
Destination $4.26k India
2021 - 2022
FASTEST GROWING MARKET $4.26kIndonesia
2018
Imports $713kWorld Rnk 57 / 175
Flag Rnk 1031 / 1201
2018
Origin $453k Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $453kChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2018, Philippines exported $16.1k in Processed Synthetic Staple Fibers, making it the 67th largest exporter of Processed Synthetic Staple Fibers in the world. At the same year, Processed Synthetic Staple Fibers was the 966th most exported product in Philippines. The main destination of Processed Synthetic Staple Fibers exports from Philippines are: India ($11.9k) and Indonesia ($4.26k).

The fastest growing export markets for Processed Synthetic Staple Fibers of Philippines between 2021 and 2022 were Indonesia ($4.26k).

Imports In 2022, Philippines imported $713k in Processed Synthetic Staple Fibers, becoming the 57th largest importer of Processed Synthetic Staple Fibers in the world. At the same year, Processed Synthetic Staple Fibers was the 1031st most imported product in Philippines. Philippines imports Processed Synthetic Staple Fibers primarily from: Chinese Taipei ($462k), China ($216k), Vietnam ($12.9k), United Kingdom ($9.13k), and Thailand ($9.02k).

The fastest growing import markets in Processed Synthetic Staple Fibers for Philippines between 2021 and 2022 were Chinese Taipei ($453k), United Kingdom ($9.13k), and France ($1.46k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Processed Synthetic Staple Fibers exports accounted up to $12.1k and imports accounted up to $11.5k, resulting in a positive trade balance of $619. Between February 2021 and May 2024 the exports of Philippines'   Processed Synthetic Staple Fibers have increased by $12k (30.1k%) from $40 to $12.1k, while imports decreased by $-3.71k (-24.5%) from $15.2k to $11.5k.

Destinations In May 2024, Processed Synthetic Staple Fibers were exported mostly to , and were imported mostly from South Korea ($7.79k), Japan ($2.63k), and Chinese Taipei ($1.04k).

Growth In May 2024, the increase in Processed Synthetic Staple Fibers's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Processed Synthetic Staple Fibers's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2021 - May 2024)$12k(30.1k%)
IMPORT GROWTH (November 2022 - June 2024)$-3.71k(-24.5%)
MAIN DESTINATION (May 2024)

This section shows Processed Synthetic Staple Fibers'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 Processed Synthetic Staple Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.1k
IMPORTS (2022)$713k
NET TRADE (2022)-$697k

In 2022, Philippines exported $16.1k in Processed Synthetic Staple Fibers. The main destinations of Philippines exports on Processed Synthetic Staple Fibers were India ($11.9k) and Indonesia ($4.26k).

In 2022, Philippines imported $713k in Processed Synthetic Staple Fibers, mainly from Chinese Taipei ($462k), China ($216k), Vietnam ($12.9k), United Kingdom ($9.13k), and Thailand ($9.02k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Synthetic Staple Fibers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):Indonesia$4.26k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Synthetic Staple Fibers BY Philippines WERE (2021 - 2022):
India-$4.76k (-28.7%)
United States-$3.2k (-100%)
Nicaragua-$95 (-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 Processed Synthetic Staple Fibers were:
Senegal $36.9M
China $36.5M
Japan $36.5M
In 2022, Philippines's main importing competitors in Processed Synthetic Staple Fibers were:
Senegal $45.4M
Turkey $29.5M
United States $27.7M

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Trade Value of Processed Synthetic Staple Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.13k
TOP IMPORT POTENTIALChina+ $36.9k

Processed Synthetic Staple Fibers’s highest export potential is India. With an export gap of $5.13k.   Processed Synthetic Staple Fibers’s highest import potential is China with an import gap of $36.9k.

See methodology.

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