Philippines’ exports of textile and wearables surged by 9 per cent to $141.5 million in October 2023 from $130.38 million in the same month in 2022, shows data from the Confederation of Wearables of the Philippines (Conwep).
Exports of wearables including apparels, travel goods and footwear surged by 10 per cent to $118.73 million during October 2023from $108.28 million in the same month in 2022.
However, wearable exports declined by 20 per cent from January to October to $1.11 billion from $1.4 billion in the same period in 2022.
The wearables segment constituted 16 per cent of Philippines’ total exports in the first 10 months of 2023, with textiles holding the remaining 16 per cent at $213.32 million.
In the wearables segment, apparel dominated with exports worth $588.43 million.