Synthetic Filament Yarn Woven Fabric in Philippines | The Observatory of Economic Complexity

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Exports In 2023, Philippines exported $10.9M in Synthetic Filament Yarn Woven Fabric, making it the 49th largest exporter of Synthetic Filament Yarn Woven Fabric in the world. At the same year, Synthetic Filament Yarn Woven Fabric was the 305th most exported product in Philippines. The main destination of Synthetic Filament Yarn Woven Fabric exports from Philippines are: Uruguay ($3.87M), Thailand ($3.12M), China ($3.03M), Japan ($538k), and United States ($106k).

The fastest growing export markets for Synthetic Filament Yarn Woven Fabric of Philippines between 2022 and 2023 were China ($2.58M), Thailand ($1.29M), and Japan ($502k).

Imports In 2023, Philippines imported $308M in Synthetic Filament Yarn Woven Fabric, becoming the 25th largest importer of Synthetic Filament Yarn Woven Fabric in the world. At the same year, Synthetic Filament Yarn Woven Fabric was the 85th most imported product in Philippines. Philippines imports Synthetic Filament Yarn Woven Fabric primarily from: China ($258M), Chinese Taipei ($14.1M), Japan ($9.98M), South Korea ($9.28M), and Indonesia ($5.55M).

The fastest growing import markets in Synthetic Filament Yarn Woven Fabric for Philippines between 2022 and 2023 were China ($82.2M), Indonesia ($2.44M), and Japan ($1.98M).

Latest Trends

July 2024

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Overview In July 2024 Philippines' Synthetic Filament Yarn Woven Fabric exports accounted up to $3.96M and imports accounted up to $13.2M, resulting in a negative trade balance of $9.25M. Between July 2023 and July 2024 the exports of Philippines' Synthetic Filament Yarn Woven Fabric have increased by $486k (14%) from $3.47M to $3.96M, while imports decreased by $-3.11M (-19.1%) from $16.3M to $13.2M.

Destinations In July 2024, Synthetic Filament Yarn Woven Fabric were exported mostly to China ($3.66M), Japan ($119k), Germany ($99.4k), United States ($83.3k), and Qatar ($425), and were imported mostly from China ($10.2M), South Korea ($1.04M), Japan ($503k), Chinese Taipei ($438k), and Vietnam ($288k).

Growth In July 2024, the increase in Synthetic Filament Yarn Woven Fabric's year-by-year exports was explained primarily by an increase in exports to Japan ($22.3k or 46.5%). In July 2024, the decrease in Synthetic Filament Yarn Woven Fabric's year-by-year imports was explained primarily by a decrease in imports from China ($-1.79M or -17.7%), Chinese Taipei ($-1.05M or -71.3%), and Hong Kong ($-781k or -98.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$486k(14%)

IMPORT GROWTH (July 2023 - July 2024)$-3.11M(-19.1%)

MAIN DESTINATION (July 2024)China$3.66M

This section shows Synthetic Filament Yarn Woven Fabric'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 Synthetic Filament Yarn Woven Fabric over time.

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