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2022
Exports $10.3kWorld Rnk 102 / 140
Flag Rnk 990 / 1127
2022
Destination $5.28k Japan
2021 - 2022
FASTEST GROWING MARKET $5.28kJapan
2022
PRODUCT COMPLEXITY IN Light Synthetic Cotton Fabrics-1.28Rnk 904 / 1025
2022
Imports $127MWorld Rnk 6 / 198
Flag Rnk 221 / 1201
2022
Origin $54M China
2021 - 2022
FASTEST GROWING ORIGIN $54MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $10.3k in Light Synthetic Cotton Fabrics, making it the 102nd largest exporter of Light Synthetic Cotton Fabrics in the world. At the same year, Light Synthetic Cotton Fabrics was the 990th most exported product in Philippines. The main destination of Light Synthetic Cotton Fabrics exports from Philippines are: Japan ($5.28k), China ($4.8k), Sri Lanka ($177), and Indonesia ($36).

The fastest growing export markets for Light Synthetic Cotton Fabrics of Philippines between 2021 and 2022 were Japan ($5.28k), China ($4.8k), and Sri Lanka ($142).

Imports In 2022, Philippines imported $127M in Light Synthetic Cotton Fabrics, becoming the 6th largest importer of Light Synthetic Cotton Fabrics in the world. At the same year, Light Synthetic Cotton Fabrics was the 221st most imported product in Philippines. Philippines imports Light Synthetic Cotton Fabrics primarily from: China ($124M), Vietnam ($991k), Italy ($458k), Malaysia ($357k), and South Korea ($252k).

The fastest growing import markets in Light Synthetic Cotton Fabrics for Philippines between 2021 and 2022 were China ($54M), Vietnam ($586k), and Malaysia ($173k).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (1) were at the forefront of shipping Light Synthetic Cotton Fabrics from Philippines to the United States.

Latest Trends

October 2023

About

Overview In October 2023 Philippines' Light Synthetic Cotton Fabrics exports accounted up to $2.57k and imports accounted up to $45.8k, resulting in a negative trade balance of $43.3k. Between February 2019 and October 2023 the exports of Philippines'   Light Synthetic Cotton Fabrics have decreased by $-1.18k (-31.5%) from $3.75k to $2.57k, while imports decreased by $-460k (-90.9%) from $506k to $45.8k.

Destinations In October 2023, Light Synthetic Cotton Fabrics were exported mostly to , and were imported mostly from Chinese Taipei ($12.3k), India ($7.72k), Japan ($6.9k), Thailand ($6.47k), and Hong Kong ($2.39k).

Growth In October 2023, the decrease in Light Synthetic Cotton Fabrics's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Light Synthetic Cotton Fabrics's year-by-year imports was explained primarily by a decrease in imports from China ($-1.25M or -79.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2019 - October 2023)$-1.18k(-31.5%)
IMPORT GROWTH (June 2023 - June 2024)$-460k(-90.9%)
MAIN DESTINATION (October 2023)

This section shows Light Synthetic Cotton Fabrics'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 Light Synthetic Cotton Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.3k
IMPORTS (2022)$127M
NET TRADE (2022)-$127M

In 2022, Philippines exported $10.3k in Light Synthetic Cotton Fabrics. The main destinations of Philippines exports on Light Synthetic Cotton Fabrics were Japan ($5.28k), China ($4.8k), Sri Lanka ($177), and Indonesia ($36).

In 2022, Philippines imported $127M in Light Synthetic Cotton Fabrics, mainly from China ($124M), Vietnam ($991k), Italy ($458k), Malaysia ($357k), and South Korea ($252k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Light Synthetic Cotton Fabrics EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$5.28k (1%)
China$4.8k (1%)
Sri Lanka$142 (406%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Synthetic Cotton Fabrics BY Philippines WERE (2021 - 2022):
Vietnam-$23.6k (-100%)
Indonesia-$1.42k (-97.5%)
Cambodia-$429 (-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 Light Synthetic Cotton Fabrics were:
China $1.59B
Pakistan $272M
Thailand $95.2M
In 2022, Philippines's main importing competitors in Light Synthetic Cotton Fabrics were:
Bangladesh $226M
Burma $186M
Vietnam $182M

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Trade Value of Light Synthetic Cotton Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.7k
TOP IMPORT POTENTIALPakistan+ $385k

Light Synthetic Cotton Fabrics’s highest export potential is China. With an export gap of $5.7k.   Light Synthetic Cotton Fabrics’s highest import potential is Pakistan with an import gap of $385k.

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