The US’ imports of apparel from the Philippines have increased by 60 percent in the last two years. In 2022, the total inbound trade reached $752.152 mn. This represents a recovery after a steep fall in 2020. However, the Philippines remain an insignificant supplier to the US, providing just 0.75 percent share in the total apparel imports of the world’s largest economy.
The US’ apparel imports from the Philippines increased to $752.152 mn in 2022, up from $605.936 mn in 2021 and $470.692 mn in the previous year. This represents a 60 percent increase over the past two years. In 2022, US imports jumped 24.29 percent over the previous year’s shipment, according to market report.
It is important to note that the US’ apparel imports from the Philippines had slipped to $470.692 mn during 2020, a 38.48 percent drop due to COVID-related disruptions. In 2019, the trade was recorded at $764.051 mn, and in 2018 it was $793.293 mn. This shows that the trade had already been experiencing a downward trend before COVID-19.
The Philippines supplied just 0.75 percent of the total apparel imports to the US in the last year. In 2022, the US imported apparel worth $100.278 billion, while its imports from the Philippines were $752.152 million, as per market report. The Philippines ranks 21st among the largest markets from where US imports apparel.
