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2023
ExportsfalseWorld Rnk 60 / 123
Flag Rnk 721 / 1123
2022 - 2023
FASTEST GROWING MARKET $295kIndonesia
2023
PRODUCT COMPLEXITY IN Textile Fiber Machinery1.55Rnk 36 / 1025
2023
Origin $313k Germany
2022 - 2023
FASTEST GROWING ORIGIN $313kTurkey

About

Exports In 2023, Philippines exported $298k in Textile Fiber Machinery, making it the 60th largest exporter of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 721st most exported product in Philippines. The main destination of Textile Fiber Machinery exports from Philippines are: Indonesia ($297k) and Austria ($909).

The fastest growing export markets for Textile Fiber Machinery of Philippines between 2022 and 2023 were Indonesia ($295k) and Austria ($909).

The fastest growing import markets in Textile Fiber Machinery for Philippines between 2022 and 2023 were Turkey ($313k), Czechia ($271k), and Chinese Taipei ($87.1k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Textile Fiber Machinery exports accounted up to $95k and imports accounted up to $559k, resulting in a negative trade balance of $464k. Between October 2020 and June 2024 the exports of Philippines'   Textile Fiber Machinery have increased by $93k (4.66k%) from $2k to $95k, while imports increased by $280k (101%) from $278k to $559k.

Destinations In June 2024, Textile Fiber Machinery were exported mostly to , and were imported mostly from United Kingdom ($432k), Germany ($96.5k), China ($23.5k), India ($4.33k), and Japan ($2.22k).

Growth In June 2024, the increase in Textile Fiber Machinery's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Textile Fiber Machinery's year-by-year imports was explained primarily by an increase in imports from Japan ($21.9k or 511%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2020 - June 2024)$93k(4.66k%)
IMPORT GROWTH (July 2023 - July 2024)$280k(101%)
MAIN DESTINATION (June 2024)

This section shows Textile Fiber Machinery'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 Textile Fiber Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$298k

In 2023, Philippines exported $298k in Textile Fiber Machinery. The main destinations of Philippines exports on Textile Fiber Machinery were Indonesia ($297k) and Austria ($909).

In N/A, Philippines imported N/A in Textile Fiber Machinery, mainly from Germany ($419k), Turkey ($395k), China ($319k), Czechia ($291k), and Japan ($175k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textile Fiber Machinery EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Indonesia$295k (19.7k%)
Austria$909 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Fiber Machinery BY Philippines WERE (2022 - 2023):South Korea-$1.12k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Textile Fiber Machinery were:
China $854M
Japan $839M
Germany $839M
In 2023, Philippines's main importing competitors in Textile Fiber Machinery were:
Turkey $697M
China $627M
India $514M

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Trade Value of Textile Fiber Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $2.69k
TOP IMPORT POTENTIALChina+ $1.13M

Textile Fiber Machinery’s highest export potential is Indonesia. With an export gap of $2.69k.   Textile Fiber Machinery’s highest import potential is China with an import gap of $1.13M.

See methodology.

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