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2022
Exports $10.7MWorld Rnk 62 / 203
Flag Rnk 324 / 1127
2022
Destination $2.86M Kuwait
2021 - 2022
FASTEST GROWING MARKET $2.86MKuwait
2022
PRODUCT COMPLEXITY IN Hair Products0.18Rnk 493 / 1025
2022
Imports $175MWorld Rnk 25 / 224
Flag Rnk 171 / 1201
2022
Origin $8.23M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $8.23MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $10.7M in Hair Products, making it the 62nd largest exporter of Hair Products in the world. At the same year, Hair Products was the 324th most exported product in Philippines. The main destination of Hair Products exports from Philippines are: Kuwait ($2.97M), Qatar ($2.57M), United States ($1.11M), United Arab Emirates ($661k), and Jordan ($603k).

The fastest growing export markets for Hair Products of Philippines between 2021 and 2022 were Kuwait ($2.86M), United States ($693k), and Qatar ($672k).

Imports In 2022, Philippines imported $175M in Hair Products, becoming the 25th largest importer of Hair Products in the world. At the same year, Hair Products was the 171st most imported product in Philippines. Philippines imports Hair Products primarily from: Thailand ($114M), China ($20.6M), Indonesia ($17.8M), United States ($6.25M), and Malaysia ($3.71M).

The fastest growing import markets in Hair Products for Philippines between 2021 and 2022 were China ($8.23M), Indonesia ($3.11M), and United States ($2.75M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Hair Products exports accounted up to $206k and imports accounted up to $9.56M, resulting in a negative trade balance of $9.36M. Between June 2023 and June 2024 the exports of Philippines'   Hair Products have decreased by $-131k (-39%) from $337k to $206k, while imports decreased by $-8.43M (-46.8%) from $18M to $9.56M.

Destinations In June 2024, Hair Products were exported mostly to Singapore ($47.9k), Hong Kong ($33.5k), Australia ($26.4k), United Arab Emirates ($22.8k), and Chinese Taipei ($17.1k), and were imported mostly from Thailand ($8.68M), United States ($302k), Japan ($148k), Spain ($104k), and South Korea ($98.3k).

Growth In June 2024, the decrease in Hair Products's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-131k or -85.2%), Chinese Taipei ($-28.7k or -96.7%), and United States ($-20.6k or -83%). In June 2024, the decrease in Hair Products's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-3.64M or -25.1%), Singapore ($-67.7k or -69.7%), and India ($-17.9k or -25.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-131k(-39%)
IMPORT GROWTH (June 2023 - June 2024)$-8.43M(-46.8%)
MAIN DESTINATION (June 2024)Singapore$47.9k

This section shows Hair Products'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 Hair Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.7M
IMPORTS (2022)$175M
NET TRADE (2022)-$165M

In 2022, Philippines exported $10.7M in Hair Products. The main destinations of Philippines exports on Hair Products were Kuwait ($2.97M), Qatar ($2.57M), United States ($1.11M), United Arab Emirates ($661k), and Jordan ($603k).

In 2022, Philippines imported $175M in Hair Products, mainly from Thailand ($114M), China ($20.6M), Indonesia ($17.8M), United States ($6.25M), and Malaysia ($3.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hair Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Kuwait$2.86M (2.62k%)
United States$693k (168%)
Qatar$672k (35.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hair Products BY Philippines WERE (2021 - 2022):
United Arab Emirates-$915k (-58.1%)
Chinese Taipei-$297k (-35.3%)
Singapore-$292k (-44%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Hair Products were:
United States $1.63B
Germany $1.51B
Italy $1.36B
In 2022, Philippines's main importing competitors in Hair Products were:
United States $1.73B
Germany $916M
United Kingdom $794M

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Trade Value of Hair Products by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Hair Products’s highest export potential is N/A. With an export gap of N/A.   Hair Products’s highest import potential is N/A with an import gap of N/A.

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