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2022
Exports $175MWorld Rnk 36 / 223
Flag Rnk 68 / 1127
2022
Destination $45.2M United States
2021 - 2022
FASTEST GROWING MARKET $45.2MUnited States
2022
PRODUCT COMPLEXITY IN Non-Knit Women's Suits-1.24Rnk 889 / 1025
2022
Imports $286MWorld Rnk 42 / 223
Flag Rnk 120 / 1201
2022
Origin $13.6M China
2021 - 2022
FASTEST GROWING ORIGIN $13.6MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $175M in Non-Knit Women's Suits, making it the 36th largest exporter of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 68th most exported product in Philippines. The main destination of Non-Knit Women's Suits exports from Philippines are: United States ($96.6M), United Kingdom ($10.7M), Japan ($10.3M), Canada ($9.87M), and Germany ($7.57M).

The fastest growing export markets for Non-Knit Women's Suits of Philippines between 2021 and 2022 were United States ($45.2M), United Kingdom ($5.03M), and Germany ($2.63M).

Imports In 2022, Philippines imported $286M in Non-Knit Women's Suits, becoming the 42nd largest importer of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 120th most imported product in Philippines. Philippines imports Non-Knit Women's Suits primarily from: China ($234M), Spain ($11.3M), Vietnam ($6.51M), Bangladesh ($5.93M), and Malaysia ($3.88M).

The fastest growing import markets in Non-Knit Women's Suits for Philippines between 2021 and 2022 were China ($13.6M), Spain ($5.23M), and Vietnam ($5.08M).

COMPANIES In 2023, leading companies such as JP Boden Services (141), Banana Republic (35), and Gap (26) were at the forefront of shipping Non-Knit Women's Suits from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Non-Knit Women's Suits exports accounted up to $16.3M and imports accounted up to $3.41M, resulting in a positive trade balance of $12.9M. Between June 2023 and June 2024 the exports of Philippines'   Non-Knit Women's Suits have increased by $5.84M (55.8%) from $10.5M to $16.3M, while imports decreased by $-4.11M (-54.7%) from $7.51M to $3.41M.

Destinations In June 2024, Non-Knit Women's Suits were exported mostly to United States ($11.9M), United Kingdom ($1.41M), Canada ($1.08M), Australia ($644k), and Japan ($557k), and were imported mostly from Cambodia ($1.32M), Italy ($415k), Bangladesh ($341k), Vietnam ($316k), and Morocco ($297k).

Growth In June 2024, the increase in Non-Knit Women's Suits's year-by-year exports was explained primarily by an increase in exports to United States ($2.29M or 32.9%), United Kingdom ($497k or 155%), and Italy ($322k or 3.09k%). In June 2024, the decrease in Non-Knit Women's Suits's year-by-year imports was explained primarily by a decrease in imports from Russia ($-34.1k or -98%), Hong Kong ($-12.9k or -62.4%), and Romania ($-3.26k or -49.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$5.84M(55.8%)
IMPORT GROWTH (June 2023 - June 2024)$-4.11M(-54.7%)
MAIN DESTINATION (June 2024)United States$11.9M

This section shows Non-Knit Women's Suits'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 Non-Knit Women's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$175M
IMPORTS (2022)$286M
NET TRADE (2022)-$110M

In 2022, Philippines exported $175M in Non-Knit Women's Suits. The main destinations of Philippines exports on Non-Knit Women's Suits were United States ($96.6M), United Kingdom ($10.7M), Japan ($10.3M), Canada ($9.87M), and Germany ($7.57M).

In 2022, Philippines imported $286M in Non-Knit Women's Suits, mainly from China ($234M), Spain ($11.3M), Vietnam ($6.51M), Bangladesh ($5.93M), and Malaysia ($3.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Women's Suits EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$45.2M (88%)
United Kingdom$5.03M (88.7%)
Germany$2.63M (53.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Women's Suits BY Philippines WERE (2021 - 2022):
France-$1.31M (-69.4%)
Austria-$1.26M (-98.9%)
Malaysia-$785k (-55.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Non-Knit Women's Suits were:
China $23.1B
Bangladesh $6.63B
Turkey $4B
In 2022, Philippines's main importing competitors in Non-Knit Women's Suits were:
United States $13.7B
Germany $7.36B
Spain $4.88B

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Trade Value of Non-Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.7M
TOP IMPORT POTENTIALChina+ $42.8M

Non-Knit Women's Suits’s highest export potential is United States. With an export gap of $31.7M.   Non-Knit Women's Suits’s highest import potential is China with an import gap of $42.8M.

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