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2022
Exports $57MWorld Rnk 43 / 218
Flag Rnk 159 / 1127
2022
Destination $6.86M United States
2021 - 2022
FASTEST GROWING MARKET $6.86MUnited States
2022
PRODUCT COMPLEXITY IN Sports Equipment0.52Rnk 358 / 1025
2022
Imports $189MWorld Rnk 36 / 225
Flag Rnk 160 / 1201
2022
Origin $5.84M China
2021 - 2022
FASTEST GROWING ORIGIN $5.84MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $57M in Sports Equipment, making it the 43rd largest exporter of Sports Equipment in the world. At the same year, Sports Equipment was the 159th most exported product in Philippines. The main destination of Sports Equipment exports from Philippines are: United States ($18.7M), Netherlands ($9.55M), Germany ($2.97M), China ($2.51M), and Australia ($2.05M).

The fastest growing export markets for Sports Equipment of Philippines between 2021 and 2022 were United States ($6.86M), Netherlands ($1.73M), and Germany ($1.12M).

Imports In 2022, Philippines imported $189M in Sports Equipment, becoming the 36th largest importer of Sports Equipment in the world. At the same year, Sports Equipment was the 160th most imported product in Philippines. Philippines imports Sports Equipment primarily from: China ($167M), Chinese Taipei ($2.97M), Japan ($2.95M), Malaysia ($2.6M), and United States ($2.36M).

The fastest growing import markets in Sports Equipment for Philippines between 2021 and 2022 were China ($5.84M), Thailand ($1.24M), and Netherlands ($1.18M).

COMPANIES In 2023, leading companies such as Callaway Golf (1) were at the forefront of shipping Sports Equipment from Philippines to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Sports Equipment exports accounted up to $4.07M and imports accounted up to $6.43M, resulting in a negative trade balance of $2.36M. Between October 2023 and October 2024 the exports of Philippines'   Sports Equipment have increased by $1.18M (41%) from $2.88M to $4.07M, while imports increased by $1.22M (23.3%) from $5.21M to $6.43M.

Destinations In October 2024, Sports Equipment were exported mostly to United States ($1.21M), Netherlands ($878k), Germany ($355k), China ($241k), and India ($156k), and were imported mostly from China ($4.22M), Thailand ($561k), United States ($465k), Chinese Taipei ($217k), and Vietnam ($209k).

Growth In October 2024, the increase in Sports Equipment's year-by-year exports was explained primarily by an increase in exports to United States ($454k or 99.4%), Germany ($183k or 107%), and South Korea ($87k or 272%). In October 2024, the increase in Sports Equipment's year-by-year imports was explained primarily by an increase in imports from China ($2.02M or 51.9%), United States ($305k or 174%), and Thailand ($191k or 2.36k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.18M(41%)
IMPORT GROWTH (October 2023 - October 2024)$1.22M(23.3%)
MAIN DESTINATION (October 2024)United States$1.21M

This section shows Sports Equipment'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 Sports Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57M
IMPORTS (2022)$189M
NET TRADE (2022)-$132M

In 2022, Philippines exported $57M in Sports Equipment. The main destinations of Philippines exports on Sports Equipment were United States ($18.7M), Netherlands ($9.55M), Germany ($2.97M), China ($2.51M), and Australia ($2.05M).

In 2022, Philippines imported $189M in Sports Equipment, mainly from China ($167M), Chinese Taipei ($2.97M), Japan ($2.95M), Malaysia ($2.6M), and United States ($2.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sports Equipment EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$6.86M (57.9%)
Netherlands$1.73M (22.1%)
Germany$1.12M (60.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sports Equipment BY Philippines WERE (2021 - 2022):
Indonesia-$1.19M (-85.8%)
Spain-$986k (-78.1%)
Austria-$515k (-91.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Sports Equipment were:
China $19.4B
Chinese Taipei $2.49B
United States $2.17B
In 2022, Philippines's main importing competitors in Sports Equipment were:
United States $10.3B
Germany $2.55B
Japan $1.82B

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Trade Value of Sports Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.4M
TOP IMPORT POTENTIALChina+ $34.3M

Sports Equipment’s highest export potential is United States. With an export gap of $15.4M.   Sports Equipment’s highest import potential is China with an import gap of $34.3M.

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