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2022
Exports $12.2MWorld Rnk 42 / 197
Flag Rnk 310 / 1127
2022
Destination $1.05M United States
2021 - 2022
FASTEST GROWING MARKET $1.05MUnited States
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.54Rnk 952 / 1025
2022
Imports $7.77MWorld Rnk 76 / 216
Flag Rnk 767 / 1201
2022
Origin $947k China
2021 - 2022
FASTEST GROWING ORIGIN $947kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $12.2M in Knit Babies' Garments, making it the 42nd largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 310th most exported product in Philippines. The main destination of Knit Babies' Garments exports from Philippines are: United States ($7.69M), Japan ($1.72M), Kuwait ($510k), United Arab Emirates ($490k), and Australia ($266k).

The fastest growing export markets for Knit Babies' Garments of Philippines between 2021 and 2022 were United States ($1.05M), Kuwait ($440k), and United Arab Emirates ($187k).

Imports In 2022, Philippines imported $7.77M in Knit Babies' Garments, becoming the 76th largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 767th most imported product in Philippines. Philippines imports Knit Babies' Garments primarily from: China ($5.67M), Bangladesh ($644k), Spain ($350k), India ($239k), and Cambodia ($168k).

The fastest growing import markets in Knit Babies' Garments for Philippines between 2021 and 2022 were China ($947k), Spain ($219k), and Bangladesh ($174k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Knit Babies' Garments exports accounted up to $476k and imports accounted up to $77k, resulting in a positive trade balance of $399k. Between June 2023 and June 2024 the exports of Philippines'   Knit Babies' Garments have increased by $216k (83.1%) from $260k to $476k, while imports decreased by $-543k (-87.6%) from $620k to $77k.

Destinations In June 2024, Knit Babies' Garments were exported mostly to United Arab Emirates ($225k), Japan ($198k), United States ($47.1k), United Kingdom ($3.29k), and Italy ($2.9k), and were imported mostly from Vietnam ($34.5k), Bangladesh ($22.1k), India ($5.9k), Thailand ($2.85k), and Cambodia ($2.8k).

Growth In June 2024, the increase in Knit Babies' Garments's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Knit Babies' Garments's year-by-year imports was explained primarily by a decrease in imports from Portugal ($-1.17k or -42.4%), United States ($-1k or -39%), and United Kingdom ($-130 or -30.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$216k(83.1%)
IMPORT GROWTH (June 2023 - June 2024)$-543k(-87.6%)
MAIN DESTINATION (June 2024)United Arab Emirates$225k

This section shows Knit Babies' Garments'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 Knit Babies' Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.2M
IMPORTS (2022)$7.77M
NET TRADE (2022)$4.41M

In 2022, Philippines exported $12.2M in Knit Babies' Garments. The main destinations of Philippines exports on Knit Babies' Garments were United States ($7.69M), Japan ($1.72M), Kuwait ($510k), United Arab Emirates ($490k), and Australia ($266k).

In 2022, Philippines imported $7.77M in Knit Babies' Garments, mainly from China ($5.67M), Bangladesh ($644k), Spain ($350k), India ($239k), and Cambodia ($168k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$1.05M (15.8%)
Kuwait$440k (624%)
United Arab Emirates$187k (61.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY Philippines WERE (2021 - 2022):
South Korea-$819k (-86.9%)
Japan-$487k (-22.1%)
China-$233k (-64.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Knit Babies' Garments were:
China $2.45B
Bangladesh $1.29B
India $1.08B
In 2022, Philippines's main importing competitors in Knit Babies' Garments were:
United States $2.31B
Germany $759M
United Kingdom $629M

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.24M
TOP IMPORT POTENTIALChina+ $2.84M

Knit Babies' Garments’s highest export potential is United States. With an export gap of $3.24M.   Knit Babies' Garments’s highest import potential is China with an import gap of $2.84M.

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