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2022
Exports $17.4MWorld Rnk 34 / 204
Flag Rnk 279 / 1127
2022
Destination $93.9k United States
2021 - 2022
FASTEST GROWING MARKET $93.9kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Eyewear0.83Rnk 232 / 1025
2022
Imports $49.9MWorld Rnk 39 / 221
Flag Rnk 382 / 1201
2022
Origin $16.6M China
2021 - 2022
FASTEST GROWING ORIGIN $16.6MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $17.4M in Eyewear, making it the 34th largest exporter of Eyewear in the world. At the same year, Eyewear was the 279th most exported product in Philippines. The main destination of Eyewear exports from Philippines are: United States ($16.6M), Denmark ($421k), Hong Kong ($94.8k), United Kingdom ($94.2k), and Indonesia ($51.9k).

The fastest growing export markets for Eyewear of Philippines between 2021 and 2022 were United Kingdom ($93.9k), Hong Kong ($46.9k), and Indonesia ($36.6k).

Imports In 2022, Philippines imported $49.9M in Eyewear, becoming the 39th largest importer of Eyewear in the world. At the same year, Eyewear was the 382nd most imported product in Philippines. Philippines imports Eyewear primarily from: China ($42.8M), Hong Kong ($2.52M), Italy ($1.17M), Singapore ($955k), and Chinese Taipei ($676k).

The fastest growing import markets in Eyewear for Philippines between 2021 and 2022 were China ($16.6M), Hong Kong ($1.6M), and Italy ($822k).

COMPANIES In 2023, leading companies such as Michael Kors (1) were at the forefront of shipping Eyewear from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Eyewear exports accounted up to $6.19k and imports accounted up to $685k, resulting in a negative trade balance of $679k. Between June 2023 and June 2024 the exports of Philippines'   Eyewear have decreased by $-138k (-95.7%) from $144k to $6.19k, while imports decreased by $-1.46M (-68.1%) from $2.15M to $685k.

Destinations In June 2024, Eyewear were exported mostly to Singapore ($6.06k) and Malaysia ($132), and were imported mostly from Hong Kong ($318k), Italy ($151k), Chinese Taipei ($73.4k), Japan ($51.9k), and Germany ($29.4k).

Growth In June 2024, the decrease in Eyewear's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Eyewear's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-3.71k or -67.4%), Germany ($-1.46k or -89.9%), and Denmark ($-1.25k or -84.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-138k(-95.7%)
IMPORT GROWTH (June 2023 - June 2024)$-1.46M(-68.1%)
MAIN DESTINATION (June 2024)Singapore$6.06k

This section shows Eyewear'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 Eyewear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.4M
IMPORTS (2022)$49.9M
NET TRADE (2022)-$32.5M

In 2022, Philippines exported $17.4M in Eyewear. The main destinations of Philippines exports on Eyewear were United States ($16.6M), Denmark ($421k), Hong Kong ($94.8k), United Kingdom ($94.2k), and Indonesia ($51.9k).

In 2022, Philippines imported $49.9M in Eyewear, mainly from China ($42.8M), Hong Kong ($2.52M), Italy ($1.17M), Singapore ($955k), and Chinese Taipei ($676k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Eyewear EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$93.9k (40.3k%)
Hong Kong$46.9k (97.8%)
Indonesia$36.6k (239%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Eyewear BY Philippines WERE (2021 - 2022):
United States-$526k (-3.07%)
Singapore-$41.2k (-84.4%)
India-$21.7k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Eyewear were:
China $4.53B
Italy $3.48B
Chinese Taipei $521M
In 2022, Philippines's main importing competitors in Eyewear were:
United States $3.04B
Germany $668M
France $666M

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Trade Value of Eyewear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.92M
TOP IMPORT POTENTIALChina+ $5.51M

Eyewear’s highest export potential is United States. With an export gap of $3.92M.   Eyewear’s highest import potential is China with an import gap of $5.51M.

See methodology.

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