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2022
Exports $212kWorld Rnk 45 / 133
Flag Rnk 766 / 1127
2022
Destination $56.5k United States
2021 - 2022
FASTEST GROWING MARKET $56.5kChinese Taipei
2022
PRODUCT COMPLEXITY IN Silk Fabrics0.43Rnk 394 / 1025
2022
Imports $3.09MWorld Rnk 42 / 192
Flag Rnk 883 / 1201
2022
Origin $1.85M China
2021 - 2022
FASTEST GROWING ORIGIN $1.85MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $212k in Silk Fabrics, making it the 45th largest exporter of Silk Fabrics in the world. At the same year, Silk Fabrics was the 766th most exported product in Philippines. The main destination of Silk Fabrics exports from Philippines are: United States ($88.4k), Chinese Taipei ($56.5k), Papua New Guinea ($31.9k), United Kingdom ($13k), and South Korea ($11.1k).

The fastest growing export markets for Silk Fabrics of Philippines between 2021 and 2022 were Chinese Taipei ($56.5k), United Kingdom ($13k), and United States ($7.03k).

Imports In 2022, Philippines imported $3.09M in Silk Fabrics, becoming the 42nd largest importer of Silk Fabrics in the world. At the same year, Silk Fabrics was the 883rd most imported product in Philippines. Philippines imports Silk Fabrics primarily from: China ($2.35M), Japan ($269k), South Korea ($239k), Hong Kong ($90.2k), and Australia ($65.7k).

The fastest growing import markets in Silk Fabrics for Philippines between 2021 and 2022 were China ($1.85M), Australia ($65.7k), and United States ($30.7k).

Latest Trends

December 2023

About

Overview In December 2023 Philippines' Silk Fabrics exports accounted up to $17.6k and imports accounted up to $47k, resulting in a negative trade balance of $29.4k. Between May 2020 and December 2023 the exports of Philippines'   Silk Fabrics have increased by $1.18k (7.15%) from $16.5k to $17.6k, while imports increased by $18.7k (66.2%) from $28.3k to $47k.

Destinations In December 2023, Silk Fabrics were exported mostly to , and were imported mostly from Hong Kong ($20k), France ($17.9k), India ($6.97k), Japan ($1.83k), and Spain ($277).

Growth In December 2023, the increase in Silk Fabrics's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Silk Fabrics's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($18.4k or 2.89k%) and China ($5.73k or 38.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2020 - December 2023)$1.18k(7.15%)
IMPORT GROWTH (June 2023 - June 2024)$18.7k(66.2%)
MAIN DESTINATION (December 2023)

This section shows Silk Fabrics'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 Silk Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$212k
IMPORTS (2022)$3.09M
NET TRADE (2022)-$2.88M

In 2022, Philippines exported $212k in Silk Fabrics. The main destinations of Philippines exports on Silk Fabrics were United States ($88.4k), Chinese Taipei ($56.5k), Papua New Guinea ($31.9k), United Kingdom ($13k), and South Korea ($11.1k).

In 2022, Philippines imported $3.09M in Silk Fabrics, mainly from China ($2.35M), Japan ($269k), South Korea ($239k), Hong Kong ($90.2k), and Australia ($65.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk Fabrics EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Chinese Taipei$56.5k (1%)
United Kingdom$13k (1%)
United States$7.03k (8.64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk Fabrics BY Philippines WERE (2021 - 2022):
Italy-$6.21k (-100%)
South Korea-$2.39k (-17.8%)
Papua New Guinea-$1.28k (-3.86%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Silk Fabrics were:
China $435M
Italy $198M
India $59.9M
In 2022, Philippines's main importing competitors in Silk Fabrics were:
Italy $142M
France $82.6M
United States $55.6M

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Trade Value of Silk Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $38.6k
TOP IMPORT POTENTIALChina+ $574k

Silk Fabrics’s highest export potential is United States. With an export gap of $38.6k.   Silk Fabrics’s highest import potential is China with an import gap of $574k.

See methodology.

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