Vegetable textile fibers, paper yarn & fabrics in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $35.8M in Vegetable textile fibers, paper yarn & fabrics, making it the 22nd largest exporter of Vegetable textile fibers, paper yarn & fabrics in the world. At the same year, Vegetable textile fibers, paper yarn & fabrics was the 62nd most exported product in Philippines. The main destination of Vegetable textile fibers, paper yarn & fabrics exports from Philippines are: United Kingdom ($16.6M), China ($8.51M), Japan ($7.89M), Spain ($1.1M), and South Africa ($269k).

The fastest growing export markets for Vegetable textile fibers, paper yarn & fabrics of Philippines between 2021 and 2022 were Japan ($948k), Hong Kong ($196k), and United States ($133k).

Imports In 2022, Philippines imported $32.3M in Vegetable textile fibers, paper yarn & fabrics, becoming the 35th largest importer of Vegetable textile fibers, paper yarn & fabrics in the world. At the same year, Vegetable textile fibers, paper yarn & fabrics was the 88th most imported product in Philippines. Philippines imports Vegetable textile fibers, paper yarn & fabrics primarily from: China ($11.3M), Tanzania ($8.21M), Ecuador ($7.73M), Kenya ($1.23M), and Costa Rica ($835k).

The fastest growing import markets in Vegetable textile fibers, paper yarn & fabrics for Philippines between 2021 and 2022 were Tanzania ($4.29M), China ($3.65M), and Madagascar ($523k).

COMPANIES In 2023, leading companies such as Cinmar (1) were at the forefront of shipping Vegetable textile fibers, paper yarn & fabrics from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Vegetable textile fibers, paper yarn & fabrics exports accounted up to $1.11M and imports accounted up to $337k, resulting in a positive trade balance of $771k. Between June 2023 and June 2024 the exports of Philippines' Vegetable textile fibers, paper yarn & fabrics have decreased by $-383k (-25.7%) from $1.49M to $1.11M, while imports decreased by $-505k (-60%) from $842k to $337k.

Destinations In June 2024, Vegetable textile fibers, paper yarn & fabrics were exported mostly to Japan ($339k), China ($293k), United Kingdom ($204k), India ($143k), and Spain ($77.6k), and were imported mostly from Ecuador ($160k), Costa Rica ($156k), Japan ($12.2k), United States ($7.35k), and Italy ($866).

Growth In June 2024, the decrease in Vegetable textile fibers, paper yarn & fabrics's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-982k or -61%), Japan ($-584k or -60%), and China ($-187k or -31.8%). In June 2024, the decrease in Vegetable textile fibers, paper yarn & fabrics's year-by-year imports was explained primarily by a decrease in imports from Ecuador ($-1.12M or -71.1%), Tanzania ($-152k or -45.7%), and Hong Kong ($-3.67k or -79%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-383k(-25.7%)

IMPORT GROWTH (June 2023 - June 2024)$-505k(-60%)

MAIN DESTINATION (June 2024)Japan$339k

This section shows Vegetable textile fibers, paper yarn & fabrics'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 Vegetable textile fibers, paper yarn & fabrics over time.

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