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2022
Exports $160kWorld Rnk 56 / 116
Flag Rnk 792 / 1127
2022
Destination $59k United States
2021 - 2022
FASTEST GROWING MARKET $59kSouth Korea
2022
Imports $1.88MWorld Rnk 41 / 188
Flag Rnk 951 / 1201
2022
Origin $1.19M China
2021 - 2022
FASTEST GROWING ORIGIN $1.19MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $160k in Quilted Textiles, making it the 56th largest exporter of Quilted Textiles in the world. At the same year, Quilted Textiles was the 792nd most exported product in Philippines. The main destination of Quilted Textiles exports from Philippines are: United States ($100k), South Korea ($59.2k), Canada ($179), Iceland ($123), and Poland ($88).

The fastest growing export markets for Quilted Textiles of Philippines between 2021 and 2022 were South Korea ($59k), United States ($43.8k), and Iceland ($123).

Imports In 2022, Philippines imported $1.88M in Quilted Textiles, becoming the 41st largest importer of Quilted Textiles in the world. At the same year, Quilted Textiles was the 951st most imported product in Philippines. Philippines imports Quilted Textiles primarily from: China ($1.33M), South Korea ($341k), Chinese Taipei ($82.2k), Canada ($70.9k), and Germany ($48.6k).

The fastest growing import markets in Quilted Textiles for Philippines between 2021 and 2022 were China ($1.19M), South Korea ($169k), and Chinese Taipei ($42.5k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Quilted Textiles exports accounted up to $411 and imports accounted up to $57.8k, resulting in a negative trade balance of $57.4k. Between August 2021 and September 2024 the exports of Philippines'   Quilted Textiles have decreased by $-30.1k (-98.7%) from $30.5k to $411, while imports increased by $2.73k (4.95%) from $55.1k to $57.8k.

Destinations In September 2024, Quilted Textiles were exported mostly to Japan ($411), and were imported mostly from South Korea ($38.1k), Chinese Taipei ($16.8k), Japan ($2.04k), Thailand ($665), and Germany ($221).

Growth In September 2024, the decrease in Quilted Textiles's year-by-year exports was explained primarily by a decrease in exports to United States ($-5k or -15.5%). In September 2024, the increase in Quilted Textiles's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2021 - September 2024)$-30.1k(-98.7%)
IMPORT GROWTH (August 2023 - September 2024)$2.73k(4.95%)
MAIN DESTINATION (September 2024)Japan$411

This section shows Quilted Textiles'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 Quilted Textiles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$160k
IMPORTS (2022)$1.88M
NET TRADE (2022)-$1.72M

In 2022, Philippines exported $160k in Quilted Textiles. The main destinations of Philippines exports on Quilted Textiles were United States ($100k), South Korea ($59.2k), Canada ($179), Iceland ($123), and Poland ($88).

In 2022, Philippines imported $1.88M in Quilted Textiles, mainly from China ($1.33M), South Korea ($341k), Chinese Taipei ($82.2k), Canada ($70.9k), and Germany ($48.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Quilted Textiles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$59k (35.3k%)
United States$43.8k (77.5%)
Iceland$123 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Quilted Textiles BY Philippines WERE (2021 - 2022):
Japan-$4.58k (-100%)
Vietnam-$549 (-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 Quilted Textiles were:
China $105M
Italy $22.1M
United States $19.9M
In 2022, Philippines's main importing competitors in Quilted Textiles were:
United States $21.8M
Vietnam $19.9M
Mexico $17.2M

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Trade Value of Quilted Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $977
TOP IMPORT POTENTIALChina+ $98.3k

Quilted Textiles’s highest export potential is Canada. With an export gap of $977.   Quilted Textiles’s highest import potential is China with an import gap of $98.3k.

See methodology.

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