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2022
Exports $277kWorld Rnk 38 / 164
Flag Rnk 742 / 1127
2022
Destination $88.9k Japan
2021 - 2022
FASTEST GROWING MARKET $88.9kUnited States
2022
Imports $918kWorld Rnk 53 / 201
Flag Rnk 1006 / 1201
2022
Origin $640k China
2021 - 2022
FASTEST GROWING ORIGIN $640kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $277k in Neck Ties, making it the 38th largest exporter of Neck Ties in the world. At the same year, Neck Ties was the 742nd most exported product in Philippines. The main destination of Neck Ties exports from Philippines are: Japan ($146k), United States ($119k), Chinese Taipei ($4.83k), Jamaica ($3.99k), and Australia ($868).

The fastest growing export markets for Neck Ties of Philippines between 2021 and 2022 were United States ($88.9k), Japan ($62.8k), and Chinese Taipei ($4.15k).

Imports In 2022, Philippines imported $918k in Neck Ties, becoming the 53rd largest importer of Neck Ties in the world. At the same year, Neck Ties was the 1006th most imported product in Philippines. Philippines imports Neck Ties primarily from: China ($717k), Hong Kong ($87.5k), Singapore ($53.2k), Italy ($26.9k), and Thailand ($8.26k).

The fastest growing import markets in Neck Ties for Philippines between 2021 and 2022 were China ($640k), Hong Kong ($80.5k), and Singapore ($18.6k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Neck Ties exports accounted up to $411 and imports accounted up to $31.5k, resulting in a negative trade balance of $31.1k. Between June 2023 and June 2024 the exports of Philippines'   Neck Ties have decreased by $-497 (-54.7%) from $908 to $411, while imports decreased by $-16.4k (-34.3%) from $47.9k to $31.5k.

Destinations In June 2024, Neck Ties were exported mostly to , and were imported mostly from China ($23.4k), Italy ($6.84k), France ($449), Hong Kong ($384), and United States ($247).

Growth In June 2024, the decrease in Neck Ties's year-by-year exports was explained primarily by a decrease in exports to Japan ($-13.6k or -83.8%). In August 2024, the decrease in Neck Ties's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-497(-54.7%)
IMPORT GROWTH (August 2023 - August 2024)$-16.4k(-34.3%)
MAIN DESTINATION (June 2024)

This section shows Neck Ties'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 Neck Ties over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$277k
IMPORTS (2022)$918k
NET TRADE (2022)-$641k

In 2022, Philippines exported $277k in Neck Ties. The main destinations of Philippines exports on Neck Ties were Japan ($146k), United States ($119k), Chinese Taipei ($4.83k), Jamaica ($3.99k), and Australia ($868).

In 2022, Philippines imported $918k in Neck Ties, mainly from China ($717k), Hong Kong ($87.5k), Singapore ($53.2k), Italy ($26.9k), and Thailand ($8.26k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Neck Ties EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$88.9k (297%)
Japan$62.8k (75.5%)
Chinese Taipei$4.15k (612%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Neck Ties BY Philippines WERE (2021 - 2022):
Singapore-$1.59k (-75.8%)
Indonesia-$1.11k (-84%)
Papua New Guinea-$729 (-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 Neck Ties were:
China $232M
Italy $89.5M
France $45.7M
In 2022, Philippines's main importing competitors in Neck Ties were:
United States $106M
India $51.9M
Japan $41.5M

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Trade Value of Neck Ties by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $54.3k
TOP IMPORT POTENTIALChina+ $227k

Neck Ties’s highest export potential is United States. With an export gap of $54.3k.   Neck Ties’s highest import potential is China with an import gap of $227k.

See methodology.

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