Textile trade between Australia and the Philippines has picked up in recent years, with the Philippines' garment exports consistently growing in previous years. The latest data shows that cotton imports from Australia also multiplied during 2022. The Philippines is one of the world's significant garment exporting countries, while Australia is a major cotton-producing and exporting country.

The Philippines' garment exports to Australia jumped 20 per cent to reach $7.711 million during 2022. The trade has registered consistent growth during the last five years except for 2020. The export value rose to $4.441 million in 2019 from the preceding year's shipment, which was noted at $1.662 million, according to Fibre2Fashion's market insight tool TexPro.

Due to disruptions in trade and economic activities caused by COVID-19, the export value decreased to $3.553 million in 2020. It then bounced back, reaching $6.406 million in 2021 and $7.711 million in 2022.

The Philippines' cotton (HSN Code 5201) imports reached $10.822 million during 2022. The inbound trade was negligible in 2021, recorded at $1.845 million. TexPro data shows that the Philippines is emerging as an important market for Australian cotton. Price dynamics play an important role in the trade of raw materials. Due to geopolitical tension with China, Australia needed to explore new markets for its cotton crop.

Fibre2Fashion News Desk (KUL)

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Philippines-Australia textile trade picks up, garment exports rising

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