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

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Exports In 2022, Philippines exported $10.3M in Synthetic Filament Yarn Woven Fabric, making it the 55th largest exporter of Synthetic Filament Yarn Woven Fabric in the world. At the same year, Synthetic Filament Yarn Woven Fabric was the 332nd most exported product in Philippines. The main destination of Synthetic Filament Yarn Woven Fabric exports from Philippines are: Uruguay ($4.87M), China ($3.07M), Thailand ($1.83M), United States ($169k), and Chinese Taipei ($92.1k).

The fastest growing export markets for Synthetic Filament Yarn Woven Fabric of Philippines between 2021 and 2022 were Thailand ($1.82M), Uruguay ($836k), and China ($233k).

Imports In 2022, Philippines imported $546M in Synthetic Filament Yarn Woven Fabric, becoming the 16th largest importer of Synthetic Filament Yarn Woven Fabric in the world. At the same year, Synthetic Filament Yarn Woven Fabric was the 68th most imported product in Philippines. Philippines imports Synthetic Filament Yarn Woven Fabric primarily from: China ($451M), Chinese Taipei ($35.6M), South Korea ($20.2M), Vietnam ($14.4M), and Hong Kong ($5.83M).

The fastest growing import markets in Synthetic Filament Yarn Woven Fabric for Philippines between 2021 and 2022 were South Korea ($2.57M), Japan ($1.6M), and Vietnam ($1.36M).

Latest Trends

June 2024

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Overview In June 2024 Philippines' Synthetic Filament Yarn Woven Fabric exports accounted up to $2.87M and imports accounted up to $2.31M, resulting in a positive trade balance of $560k. Between June 2023 and June 2024 the exports of Philippines' Synthetic Filament Yarn Woven Fabric have decreased by $-3.48M (-54.8%) from $6.35M to $2.87M, while imports decreased by $-11.5M (-83.4%) from $13.9M to $2.31M.

Destinations In June 2024, Synthetic Filament Yarn Woven Fabric were exported mostly to China ($2.63M), Japan ($119k), United States ($74.7k), Germany ($26.7k), and Vietnam ($7.22k), and were imported mostly from Japan ($581k), South Korea ($574k), Chinese Taipei ($351k), Hong Kong ($121k), and Vietnam ($67.5k).

Growth In June 2024, the decrease in Synthetic Filament Yarn Woven Fabric's year-by-year exports was explained primarily by a decrease in exports to . In June 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 (June 2023 - June 2024)$-3.48M(-54.8%)

IMPORT GROWTH (June 2023 - June 2024)$-11.5M(-83.4%)

MAIN DESTINATION (June 2024)China$2.63M

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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