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2022
Exports $1.82BWorld Rnk 53 / 226
Flag Rnk 11 / 21
falsefalse United States
2021 - 2022
FASTEST GROWING MARKETfalseUnited States
2022
PRODUCT COMPLEXITY IN Textiles1.5Rnk 52 / 1025
2022
Imports $6.87BWorld Rnk 35 / 226
Flag Rnk 8 / 21
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.82B in Textiles, making it the 53rd largest exporter of Textiles in the world. At the same year, Textiles was the 11th most exported product in Philippines. The main destination of Textiles exports from Philippines are: United States ($713M), Japan ($183M), South Korea ($130M), China ($99.1M), and Canada ($95.3M).

The fastest growing export markets for Textiles of Philippines between 2021 and 2022 were United States ($217M), Canada ($34.7M), and United Kingdom ($33.2M).

Imports In 2022, Philippines imported $6.87B in Textiles, becoming the 35th largest importer of Textiles in the world. At the same year, Textiles was the 8th most imported product in Philippines. Philippines imports Textiles primarily from: China ($5.24B), Vietnam ($281M), South Korea ($185M), Chinese Taipei ($169M), and Japan ($151M).

COMPANIES In 2023, leading companies such as JP Boden Services (167), Adidas (126), and Banana Republic (82) were at the forefront of shipping Textiles from Philippines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Textiles exports accounted up to $91M and imports accounted up to $182M, resulting in a negative trade balance of $91.4M. Between August 2023 and August 2024 the exports of Philippines'   Textiles have decreased by $-8.1M (-8.17%) from $99.1M to $91M, while imports increased by $4.73M (2.66%) from $178M to $182M.

Destinations In August 2024, Textiles were exported mostly to United States ($48.4M), China ($9.28M), Japan ($7.34M), South Korea ($4.24M), and United Kingdom ($4.19M), and were imported mostly from China ($95.3M), Vietnam ($24.5M), Japan ($11.7M), South Korea ($6.68M), and Chinese Taipei ($5.75M).

Growth In August 2024, the decrease in Textiles's year-by-year exports was explained primarily by a decrease in exports to United States ($-9.32M or -22%), Japan ($-1.97M or -16.4%), and China ($-869k or -16.8%). In August 2024, the increase in Textiles's year-by-year imports was explained primarily by an increase in imports from Vietnam ($3.27M or 28.4%), United States ($3.27M or 170%), and Bangladesh ($2.23M or 83.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-8.1M(-8.17%)
IMPORT GROWTH (August 2023 - August 2024)$4.73M(2.66%)
MAIN DESTINATION (August 2024)United States$48.4M

This section shows Textiles'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 Textiles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.82B
IMPORTS (2022)$6.87B
NET TRADE (2022)-$5.05B

In 2022, Philippines exported $1.82B in Textiles. The main destinations of Philippines exports on Textiles were United States ($713M), Japan ($183M), South Korea ($130M), China ($99.1M), and Canada ($95.3M).

In 2022, Philippines imported $6.87B in Textiles, mainly from China ($5.24B), Vietnam ($281M), South Korea ($185M), Chinese Taipei ($169M), and Japan ($151M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textiles EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$217M (43.6%)
Canada$34.7M (57.2%)
United Kingdom$33.2M (72.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles BY Philippines WERE (2021 - 2022):
Austria-$10.8M (-94.4%)
Sierra Leone-$9.2M (-99.2%)
Saudi Arabia-$5.27M (-85.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Textiles were:
China $303B
Bangladesh $57.7B
Vietnam $48.8B
In 2022, Philippines's main importing competitors in Textiles were:
United States $148B
Germany $69.3B
Japan $35.3B

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Trade Value of Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $253M
TOP IMPORT POTENTIALVietnam+ $133M

Textiles’s highest export potential is United States. With an export gap of $253M.   Textiles’s highest import potential is Vietnam with an import gap of $133M.

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