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2023
Exports $2.34MWorld Rnk 43 / 161
Flag Rnk 491 / 1123
2023
Destination $123k Japan
2022 - 2023
FASTEST GROWING MARKET $123kJapan
2023
PRODUCT COMPLEXITY IN Textile Scraps-0.9Rnk 804 / 1025
2023
Imports $16.9MWorld Rnk 10 / 214
Flag Rnk 546 / 1202
2023
Origin $6.32M Hong Kong
2022 - 2023
FASTEST GROWING ORIGIN $6.32MHong Kong
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $2.34M in Textile Scraps, making it the 43rd largest exporter of Textile Scraps in the world. At the same year, Textile Scraps was the 491st most exported product in Philippines. The main destination of Textile Scraps exports from Philippines are: Japan ($1.67M), India ($322k), Cambodia ($167k), Pakistan ($95.8k), and Mexico ($20.3k).

The fastest growing export markets for Textile Scraps of Philippines between 2022 and 2023 were Japan ($123k), Cambodia ($119k), and Pakistan ($52.5k).

Imports In 2023, Philippines imported $16.9M in Textile Scraps, becoming the 10th largest importer of Textile Scraps in the world. At the same year, Textile Scraps was the 546th most imported product in Philippines. Philippines imports Textile Scraps primarily from: Hong Kong ($7.1M), Japan ($3.07M), United States ($2.18M), Pakistan ($1.05M), and Indonesia ($858k).

The fastest growing import markets in Textile Scraps for Philippines between 2022 and 2023 were Hong Kong ($6.32M), Japan ($2.78M), and United States ($644k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Textile Scraps exports accounted up to $95.9k and imports accounted up to $1.18M, resulting in a negative trade balance of $1.09M. Between July 2023 and July 2024 the exports of Philippines'   Textile Scraps have increased by $21.1k (28.3%) from $74.7k to $95.9k, while imports decreased by $-395k (-25%) from $1.58M to $1.18M.

Destinations In July 2024, Textile Scraps were exported mostly to Japan ($32.1k), India ($20.8k), Cambodia ($18.1k), Malaysia ($15.6k), and Pakistan ($9.3k), and were imported mostly from Hong Kong ($535k), Japan ($317k), United States ($92k), Pakistan ($82.5k), and Malaysia ($49.3k).

Growth In July 2024, the increase in Textile Scraps's year-by-year exports was explained primarily by an increase in exports to Cambodia ($8.21k or 187%) and India ($5.12k or 59.7%). In July 2024, the decrease in Textile Scraps's year-by-year imports was explained primarily by a decrease in imports from China ($-2.22k or -46.5%) and Pakistan ($-998 or -0.85%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$21.1k(28.3%)
IMPORT GROWTH (July 2023 - July 2024)$-395k(-25%)
MAIN DESTINATION (July 2024)Japan$32.1k

This section shows Textile Scraps'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 Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.34M
IMPORTS (2023)$16.9M
NET TRADE (2023)-$14.5M

In 2023, Philippines exported $2.34M in Textile Scraps. The main destinations of Philippines exports on Textile Scraps were Japan ($1.67M), India ($322k), Cambodia ($167k), Pakistan ($95.8k), and Mexico ($20.3k).

In 2023, Philippines imported $16.9M in Textile Scraps, mainly from Hong Kong ($7.1M), Japan ($3.07M), United States ($2.18M), Pakistan ($1.05M), and Indonesia ($858k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textile Scraps EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$123k (7.93%)
Cambodia$119k (248%)
Pakistan$52.5k (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Scraps BY Philippines WERE (2022 - 2023):
India-$560k (-63.5%)
Thailand-$19.1k (-68.7%)
Italy-$1.57k (-96%)
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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 Scraps were:
Bangladesh $133M
United States $63.2M
Pakistan $54.5M
In 2023, Philippines's main importing competitors in Textile Scraps were:
India $229M
United States $86M
Italy $28M

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Trade Value of Textile Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $532k
TOP IMPORT POTENTIALPakistan+ $264k

Textile Scraps’s highest export potential is India. With an export gap of $532k.   Textile Scraps’s highest import potential is Pakistan with an import gap of $264k.

See methodology.

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