Silk in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $219k in Silk, making it the 56th largest exporter of Silk in the world. At the same year, Silk was the 95th most exported product in Philippines. The main destination of Silk exports from Philippines are: United States ($88.5k), Chinese Taipei ($56.5k), Papua New Guinea ($31.9k), United Kingdom ($15.7k), and South Korea ($11.1k).

The fastest growing export markets for Silk of Philippines between 2021 and 2022 were Chinese Taipei ($56.5k), United Kingdom ($15.7k), and United States ($5.59k).

Imports In 2022, Philippines imported $3.51M in Silk, becoming the 49th largest importer of Silk in the world. At the same year, Silk was the 94th most imported product in Philippines. Philippines imports Silk primarily from: China ($2.67M), Japan ($366k), South Korea ($240k), Hong Kong ($90.5k), and Australia ($65.7k).

The fastest growing import markets in Silk for Philippines between 2021 and 2022 were China ($2.14M), Australia ($65.7k), and United States ($29.8k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Silk exports accounted up to $2.27k and imports accounted up to $167k, resulting in a negative trade balance of $165k. Between September 2020 and July 2024 the exports of Philippines' Silk have decreased by $-29.7k (-92.9%) from $31.9k to $2.27k, while imports decreased by $-204k (-55%) from $370k to $167k.

Destinations In July 2024, Silk were exported mostly to , and were imported mostly from Hong Kong ($58.8k), India ($52.8k), China ($29.3k), Italy ($20.9k), and France ($2.9k).

Growth In July 2024, the decrease in Silk's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Silk's year-by-year imports was explained primarily by a decrease in imports from Japan ($-22.2k or -20.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2020 - July 2024)$-29.7k(-92.9%)

IMPORT GROWTH (October 2023 - October 2024)$-204k(-55%)

MAIN DESTINATION (July 2024)

This section shows Silk'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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$219k

IMPORTS (2022)$3.51M

NET TRADE (2022)-$3.29M

In 2022, Philippines exported $219k in Silk. The main destinations of Philippines exports on Silk were United States ($88.5k), Chinese Taipei ($56.5k), Papua New Guinea ($31.9k), United Kingdom ($15.7k), and South Korea ($11.1k).

In 2022, Philippines imported $3.51M in Silk, mainly from China ($2.67M), Japan ($366k), South Korea ($240k), Hong Kong ($90.5k), and Australia ($65.7k).

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