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2022
Exports $1.01MWorld Rnk 64 / 133
Flag Rnk 608 / 1127
2022
Destination $461k Thailand
2021 - 2022
FASTEST GROWING MARKET $461kThailand
2022
PRODUCT COMPLEXITY IN Raw Cotton-2.57Rnk 1022 / 1025
2022
Imports $23.7MWorld Rnk 44 / 183
Flag Rnk 546 / 1201
2022
Origin $7.98M Australia
2021 - 2022
FASTEST GROWING ORIGIN $7.98MAustralia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.01M in Raw Cotton, making it the 64th largest exporter of Raw Cotton in the world. At the same year, Raw Cotton was the 608th most exported product in Philippines. The main destination of Raw Cotton exports from Philippines are: Thailand ($540k), Indonesia ($423k), Chinese Taipei ($39.7k), Kuwait ($6.68k), and United Arab Emirates ($3.04k).

The fastest growing export markets for Raw Cotton of Philippines between 2021 and 2022 were Thailand ($461k), Indonesia ($201k), and Kuwait ($6.35k).

Imports In 2022, Philippines imported $23.7M in Raw Cotton, becoming the 44th largest importer of Raw Cotton in the world. At the same year, Raw Cotton was the 546th most imported product in Philippines. Philippines imports Raw Cotton primarily from: Australia ($10.9M), Indonesia ($3.93M), Brazil ($3.01M), United States ($2.71M), and Pakistan ($2.66M).

The fastest growing import markets in Raw Cotton for Philippines between 2021 and 2022 were Australia ($7.98M), Indonesia ($3.93M), and Brazil ($144k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Raw Cotton exports accounted up to $440 and imports accounted up to $315k, resulting in a negative trade balance of $315k. Between April 2023 and May 2024 the exports of Philippines'   Raw Cotton have decreased by $-96.3k (-99.5%) from $96.7k to $440, while imports decreased by $-781k (-71.3%) from $1.1M to $315k.

Destinations In May 2024, Raw Cotton were exported mostly to , and were imported mostly from Pakistan ($299k), Japan ($14.8k), Hong Kong ($1.34k), and Chinese Taipei ($91).

Growth In May 2024, the decrease in Raw Cotton's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-5.72k or -25.5%). In June 2024, the decrease in Raw Cotton's year-by-year imports was explained primarily by a decrease in imports from Australia ($-989k or -74.1%) and Pakistan ($-231k or -65.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - May 2024)$-96.3k(-99.5%)
IMPORT GROWTH (June 2023 - June 2024)$-781k(-71.3%)
MAIN DESTINATION (May 2024)

This section shows Raw Cotton'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 Raw Cotton over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.01M
IMPORTS (2022)$23.7M
NET TRADE (2022)-$22.7M

In 2022, Philippines exported $1.01M in Raw Cotton. The main destinations of Philippines exports on Raw Cotton were Thailand ($540k), Indonesia ($423k), Chinese Taipei ($39.7k), Kuwait ($6.68k), and United Arab Emirates ($3.04k).

In 2022, Philippines imported $23.7M in Raw Cotton, mainly from Australia ($10.9M), Indonesia ($3.93M), Brazil ($3.01M), United States ($2.71M), and Pakistan ($2.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Cotton EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$461k (579%)
Indonesia$201k (90.2%)
Kuwait$6.35k (1.92k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Cotton BY Philippines WERE (2021 - 2022):
Chinese Taipei-$285k (-87.8%)
Hong Kong-$1.64k (-56%)
Papua New Guinea-$95 (-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 Raw Cotton were:
United States $9.03B
Brazil $3.71B
Australia $3.09B
In 2022, Philippines's main importing competitors in Raw Cotton were:
China $4.55B
Vietnam $3.16B
Bangladesh $2.9B

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Trade Value of Raw Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $257k
TOP IMPORT POTENTIALUnited States+ $2.44M

Raw Cotton’s highest export potential is Indonesia. With an export gap of $257k.   Raw Cotton’s highest import potential is United States with an import gap of $2.44M.

See methodology.

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