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2022
Exports $1.55MWorld Rnk 49 / 164
Flag Rnk 560 / 1127
2022
Destination $69.8k Japan
2021 - 2022
FASTEST GROWING MARKET $69.8kIndia
2022
PRODUCT COMPLEXITY IN Textile Scraps-0.89Rnk 801 / 1025
2022
Imports $6.58MWorld Rnk 22 / 208
Flag Rnk 792 / 1201
2022
Origin $446kN/A
2021 - 2022
FASTEST GROWING ORIGIN $446kHong Kong
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.55M in Textile Scraps, making it the 49th largest exporter of Textile Scraps in the world. At the same year, Textile Scraps was the 560th most exported product in Philippines. The main destination of Textile Scraps exports from Philippines are: Japan ($736k), India ($674k), Cambodia ($48.2k), Pakistan ($43.2k), and Thailand ($26.8k).

The fastest growing export markets for Textile Scraps of Philippines between 2021 and 2022 were India ($69.8k), Mexico ($11.5k), and Italy ($1.44k).

Imports In 2022, Philippines imported $6.58M in Textile Scraps, becoming the 22nd largest importer of Textile Scraps in the world. At the same year, Textile Scraps was the 792nd most imported product in Philippines. Philippines imports Textile Scraps primarily from: N/A.

The fastest growing import markets in Textile Scraps for Philippines between 2021 and 2022 were Hong Kong ($446k), Japan ($255k), and Pakistan ($244k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Textile Scraps exports accounted up to $65.6k and imports accounted up to $1.23M, resulting in a negative trade balance of $1.16M. Between June 2023 and June 2024 the exports of Philippines'   Textile Scraps have decreased by $-82.1k (-55.6%) from $148k to $65.6k, while imports decreased by $-60k (-4.65%) from $1.29M to $1.23M.

Destinations In June 2024, Textile Scraps were exported mostly to Japan ($24.5k), Cambodia ($18.6k), India ($15.9k), Pakistan ($6.57k), and Papua New Guinea ($30), and were imported mostly from Hong Kong ($448k), Japan ($442k), United States ($216k), Pakistan ($71k), and South Korea ($23.2k).

Growth In June 2024, the decrease in Textile Scraps's year-by-year exports was explained primarily by a decrease in exports to Japan ($-30.8k or -51.1%) and Pakistan ($-8.25k or -65.3%). In June 2024, the decrease in Textile Scraps's year-by-year imports was explained primarily by a decrease in imports from China ($-2.22k or -46.5%) and Pakistan ($-998 or -0.85%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-82.1k(-55.6%)
IMPORT GROWTH (June 2023 - June 2024)$-60k(-4.65%)
MAIN DESTINATION (June 2024)Japan$24.5k

This section shows Textile Scraps'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 Textile Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.55M
IMPORTS (2022)$6.58M
NET TRADE (2022)-$5.02M

In 2022, Philippines exported $1.55M in Textile Scraps. The main destinations of Philippines exports on Textile Scraps were Japan ($736k), India ($674k), Cambodia ($48.2k), Pakistan ($43.2k), and Thailand ($26.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Scraps EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
India$69.8k (11.5%)
Mexico$11.5k (1%)
Italy$1.44k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Scraps BY Philippines WERE (2021 - 2022):
Japan-$634k (-46.3%)
Cambodia-$53.3k (-52.5%)
Burma-$27k (-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 Textile Scraps were:
Bangladesh $171M
United States $72.4M
Pakistan $63M
In 2022, Philippines's main importing competitors in Textile Scraps were:
India $193M
United States $89.1M
Germany $42.2M

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Trade Value of Textile Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $532k
TOP IMPORT POTENTIALPakistan+ $264k

Textile Scraps’s highest export potential is India. With an export gap of $532k.   Textile Scraps’s highest import potential is Pakistan with an import gap of $264k.

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