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Philippines' apparel exports at $368 mn in 2022; US largest market

30 Mar '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • The Philippines' apparel exports in 2022 amounted to $***.** million, with the US being the largest market, followed by South Korea, Canada, Japan, and Italy.
  • The total apparel export increased by **.*% in 2022, indicating the country's trade recovery despite the pandemic's impact.
  • The US accounted for over **.*% of its total apparel exports.

The US was the top market for the Philippines&#**; apparel exports, with more than half of the total share, indicating the country&#**;s dependence on the world&#**;s largest economy. South Korea was the second-largest market, accounting for only one-fifth of the top market&#**;s share. The Philippines exported apparel worth $**.*** million to South Korea in ****, which was *.** per cent of the total shipment, according to Fibre2Fashion’s market insight tool TexPro. 

Among the top five markets, the Philippines exported apparel worth $**.*** million (* per cent of total) to Canada, $**.*** million (*.** per cent) to Japan, and $**.*** million (*.** per cent) to Italy. 

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