Other Non-Knit Clothing Accessories in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $3.22M in Other Non-Knit Clothing Accessories, making it the 52nd largest exporter of Other Non-Knit Clothing Accessories in the world. At the same year, Other Non-Knit Clothing Accessories was the 456th most exported product in Philippines. The main destination of Other Non-Knit Clothing Accessories exports from Philippines are: United Kingdom ($1.57M), United States ($917k), Japan ($192k), Kuwait ($155k), and Singapore ($53.9k).

The fastest growing export markets for Other Non-Knit Clothing Accessories of Philippines between 2021 and 2022 were United Kingdom ($1.43M), Kuwait ($113k), and Japan ($49.1k).

Imports In 2022, Philippines imported $32.6M in Other Non-Knit Clothing Accessories, becoming the 28th largest importer of Other Non-Knit Clothing Accessories in the world. At the same year, Other Non-Knit Clothing Accessories was the 478th most imported product in Philippines. Philippines imports Other Non-Knit Clothing Accessories primarily from: China ($11.9M), South Korea ($10.3M), Hong Kong ($5.82M), Italy ($1.39M), and Japan ($925k).

The fastest growing import markets in Other Non-Knit Clothing Accessories for Philippines between 2021 and 2022 were China ($3.63M), Hong Kong ($760k), and Australia ($716k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Other Non-Knit Clothing Accessories exports accounted up to $434k and imports accounted up to $910k, resulting in a negative trade balance of $476k. Between August 2023 and August 2024 the exports of Philippines' Other Non-Knit Clothing Accessories have increased by $173k (66.3%) from $261k to $434k, while imports decreased by $-174k (-16.1%) from $1.08M to $910k.

Destinations In August 2024, Other Non-Knit Clothing Accessories were exported mostly to Japan ($393k), China ($36.1k), Singapore ($1.34k), South Korea ($1.17k), and Malaysia ($1.13k), and were imported mostly from South Korea ($373k), China ($303k), Hong Kong ($64.4k), Vietnam ($40k), and Indonesia ($39.9k).

Growth In August 2024, the increase in Other Non-Knit Clothing Accessories's year-by-year exports was explained primarily by an increase in exports to Japan ($4.19k or 6.97%) and South Korea ($558 or 103%). In August 2024, the decrease in Other Non-Knit Clothing Accessories's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-1.35M or -96.7%), South Korea ($-294k or -24.9%), and China ($-82k or -14.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$173k(66.3%)

IMPORT GROWTH (August 2023 - August 2024)$-174k(-16.1%)

MAIN DESTINATION (August 2024)Japan$393k

This section shows Other Non-Knit Clothing Accessories'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 Other Non-Knit Clothing Accessories over time.

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