MANILA, Nov. 6, 2015 – The Hinrich Foundation  released the Philippines Sourcing Report: Garments with the support of its partner in export development, Global Sources (NASDAQ: GSOL).

Philippines garments
Online report offers detailed profiles of 18 quality export suppliers and information on new products including casual wear, underwear, formal wear and sportswear plus pricing and supply market trends.

Report shows U.S. is Philippines’ largest export market

The report shows that:

  • The U.S. accounted for approximately 69 percent of exports in 2014;
  • Shipments totaled $514.9 million from January to May this year, up 2 percent from the same period last year.
  • Among makers planning to adjust quotes, nearly two-thirds will set prices 6 to 10 percent higher. Nearly one-quarter will hold increases to 5 percent, while one-tenth plan to increase quotes by 11 to 15 percent.

The sector consists of approximately 700 companies, according to the Confederation of Garment Exporters in the Philippines. Sixty percent of suppliers are export oriented. The industry employs about 500,000 workers.

Makers catering to ODM orders employ one to six stylists and launch up to 200 models annually.

“Makers are releasing models with unique forms to diversify offerings. Examples of this trend are dresses with a crooked neckline and skirts with asymmetrical hem. Some have a layered look and feature a sewn-on vest or jacket,” said Alex Boome, Hinrich Foundation’s program director.

Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodia and Indonesia

The Philippines Sourcing Report: Garments is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online here.

Other related Sourcing Reports available online are:

The next report in the Philippines Sourcing series is Fashion Accessories available here.

Sourcing from Vietnam buyer’s guide

To help buyers new to Vietnam sourcing, the Foundation has prepared a guide that provides an overview of the industries and products available and main manufacturing centers.

Buyers will also learn how to find and vet reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes by the link here.

About the Hinrich Foundation

The Hinrich Foundation believes sustainable global trade promotes peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas:

  • Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. The Hinrich Foundation offers scholarships to students from Myanmar, Cambodia, Vietnam, Lao and China to study in Hong Kong, Thailand, The Philippines and the U.S. We give our scholars internships and on-the-job training in export related companies and organizations in 10 countries.
  • Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance, the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
  • International trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.

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