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Pricing

2023
Exports $3.18MWorld Rnk 39 / 185
Flag Rnk 450 / 1123
2023
Destination $330k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $330kUnited States
2023
PRODUCT COMPLEXITY IN Sewing Machines0.95Rnk 193 / 1025
2023
Imports $20.1MWorld Rnk 52 / 214
Flag Rnk 517 / 1202
2023
Origin $1.99M China
2022 - 2023
FASTEST GROWING ORIGIN $1.99MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $3.18M in Sewing Machines, making it the 39th largest exporter of Sewing Machines in the world. At the same year, Sewing Machines was the 450th most exported product in Philippines. The main destination of Sewing Machines exports from Philippines are: Hong Kong ($575k), Singapore ($490k), United States ($403k), United Arab Emirates ($354k), and Indonesia ($311k).

The fastest growing export markets for Sewing Machines of Philippines between 2022 and 2023 were United States ($330k), United Arab Emirates ($295k), and Hong Kong ($175k).

Imports In 2023, Philippines imported $20.1M in Sewing Machines, becoming the 52nd largest importer of Sewing Machines in the world. At the same year, Sewing Machines was the 517th most imported product in Philippines. Philippines imports Sewing Machines primarily from: China ($11.6M), Chinese Taipei ($2.88M), Japan ($1.46M), South Korea ($982k), and Hong Kong ($791k).

The fastest growing import markets in Sewing Machines for Philippines between 2022 and 2023 were China ($1.99M), South Korea ($338k), and United Kingdom ($279k).

COMPANIES In 2023, leading companies such as Brother Industries (29) were at the forefront of shipping Sewing Machines from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Sewing Machines exports accounted up to $130k and imports accounted up to $2.68M, resulting in a negative trade balance of $2.55M. Between July 2023 and July 2024 the exports of Philippines'   Sewing Machines have decreased by $-267k (-67.3%) from $397k to $130k, while imports increased by $1.53M (133%) from $1.15M to $2.68M.

Destinations In July 2024, Sewing Machines were exported mostly to United States ($95.2k) and Japan ($34.6k), and were imported mostly from China ($1.27M), Chinese Taipei ($825k), Singapore ($221k), Hong Kong ($140k), and Japan ($105k).

Growth In July 2024, the decrease in Sewing Machines's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Sewing Machines's year-by-year imports was explained primarily by an increase in imports from South Korea ($85.4k or 138%), Japan ($66.7k or 125%), and Chinese Taipei ($53.5k or 32.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-267k(-67.3%)
IMPORT GROWTH (July 2023 - July 2024)$1.53M(133%)
MAIN DESTINATION (July 2024)United States$95.2k

This section shows Sewing Machines'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 Sewing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.18M
IMPORTS (2023)$20.1M
NET TRADE (2023)-$17M

In 2023, Philippines exported $3.18M in Sewing Machines. The main destinations of Philippines exports on Sewing Machines were Hong Kong ($575k), Singapore ($490k), United States ($403k), United Arab Emirates ($354k), and Indonesia ($311k).

In 2023, Philippines imported $20.1M in Sewing Machines, mainly from China ($11.6M), Chinese Taipei ($2.88M), Japan ($1.46M), South Korea ($982k), and Hong Kong ($791k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sewing Machines EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United States$330k (453%)
United Arab Emirates$295k (498%)
Hong Kong$175k (43.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sewing Machines BY Philippines WERE (2022 - 2023):
Indonesia-$130k (-29.6%)
Poland-$48.4k (-100%)
Ecuador-$32k (-62%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Sewing Machines were:
China $1.89B
Vietnam $447M
Japan $340M
In 2023, Philippines's main importing competitors in Sewing Machines were:
United States $436M
India $274M
Germany $272M

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Trade Value of Sewing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $233k
TOP IMPORT POTENTIALChina+ $3.64M

Sewing Machines’s highest export potential is Hong Kong. With an export gap of $233k.   Sewing Machines’s highest import potential is China with an import gap of $3.64M.

See methodology.

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