2022
Exports
$72MWorld Rnk 55 / 226
Flag Rnk 141 / 1127
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$276MWorld Rnk 40 / 223
Flag Rnk 122 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $72M in Knit T-shirts, making it the 55th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 141st most exported product in Philippines. The main destination of Knit T-shirts exports from Philippines are: United States ($11.8M), Germany ($11.7M), Japan ($8.33M), South Korea ($5.35M), and United Kingdom ($3.57M).

The fastest growing export markets for Knit T-shirts of Philippines between 2021 and 2022 were Germany ($4.41M), United Kingdom ($1.92M), and Hong Kong ($1.54M).

Imports In 2022, Philippines imported $276M in Knit T-shirts, becoming the 40th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 122nd most imported product in Philippines. Philippines imports Knit T-shirts primarily from: China ($198M), Vietnam ($25.8M), Bangladesh ($10.1M), Spain ($5.46M), and Indonesia ($5.15M).

The fastest growing import markets in Knit T-shirts for Philippines between 2021 and 2022 were China ($53.3M), Vietnam ($16M), and India ($3.33M).

COMPANIES In 2023, leading companies such as Adidas (3) were at the forefront of shipping Knit T-shirts from Philippines to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2022)$72M
IMPORTS (2022)$276M
NET TRADE (2022)-$204M

In 2022, Philippines exported $72M in Knit T-shirts. The main destinations of Philippines exports on Knit T-shirts were United States ($11.8M), Germany ($11.7M), Japan ($8.33M), South Korea ($5.35M), and United Kingdom ($3.57M).

In 2022, Philippines imported $276M in Knit T-shirts, mainly from China ($198M), Vietnam ($25.8M), Bangladesh ($10.1M), Spain ($5.46M), and Indonesia ($5.15M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$4.41M (60.8%)
United Kingdom$1.92M (116%)
Hong Kong$1.54M (579%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Philippines WERE (2021 - 2022):
United States-$8.02M (-40.5%)
Japan-$2.13M (-20.4%)
South Korea-$1.81M (-25.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Knit T-shirts were:
In 2022, Philippines's main importing competitors in Knit T-shirts were:

Explore Visualizations

Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.1M
TOP IMPORT POTENTIALVietnam+ $15.5M

Knit T-shirts’s highest export potential is United States. With an export gap of $16.1M.   Knit T-shirts’s highest import potential is Vietnam with an import gap of $15.5M.

See methodology.

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