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2022
Exports $10.9MWorld Rnk 44 / 196
Flag Rnk 320 / 1127
2022
Destination $891k Japan
2021 - 2022
FASTEST GROWING MARKET $891kHong Kong
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire0.15Rnk 505 / 1025
2022
Imports $71.8MWorld Rnk 33 / 222
Flag Rnk 326 / 1201
2022
Origin $16.2M China
2021 - 2022
FASTEST GROWING ORIGIN $16.2MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $10.9M in Stranded Iron Wire, making it the 44th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 320th most exported product in Philippines. The main destination of Stranded Iron Wire exports from Philippines are: Japan ($6.69M), Hong Kong ($1.09M), China ($583k), Germany ($450k), and Indonesia ($378k).

The fastest growing export markets for Stranded Iron Wire of Philippines between 2021 and 2022 were Hong Kong ($891k), United States ($173k), and Singapore ($105k).

Imports In 2022, Philippines imported $71.8M in Stranded Iron Wire, becoming the 33rd largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 326th most imported product in Philippines. Philippines imports Stranded Iron Wire primarily from: China ($48.3M), Thailand ($5.76M), Japan ($4.27M), South Korea ($3.96M), and Indonesia ($2.88M).

The fastest growing import markets in Stranded Iron Wire for Philippines between 2021 and 2022 were China ($16.2M), Japan ($1.26M), and United States ($619k).

COMPANIES In 2023, leading companies such as Electrolux (1) were at the forefront of shipping Stranded Iron Wire from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Stranded Iron Wire exports accounted up to $1.41M and imports accounted up to $1.55M, resulting in a negative trade balance of $141k. Between June 2023 and June 2024 the exports of Philippines'   Stranded Iron Wire have increased by $389k (38.1%) from $1.02M to $1.41M, while imports decreased by $-4.97M (-76.2%) from $6.52M to $1.55M.

Destinations In June 2024, Stranded Iron Wire were exported mostly to Malaysia ($1.39M), Thailand ($11.9k), and China ($5.8k), and were imported mostly from Thailand ($395k), Japan ($381k), South Korea ($227k), Denmark ($171k), and South Africa ($124k).

Growth In June 2024, the increase in Stranded Iron Wire's year-by-year exports was explained primarily by an increase in exports to Sri Lanka ($7.32k or 184%). In June 2024, the decrease in Stranded Iron Wire's year-by-year imports was explained primarily by a decrease in imports from China ($-333k or -10.7%), Vietnam ($-269k or -86.5%), and Indonesia ($-107k or -31%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$389k(38.1%)
IMPORT GROWTH (June 2023 - June 2024)$-4.97M(-76.2%)
MAIN DESTINATION (June 2024)Malaysia$1.39M

This section shows Stranded Iron Wire's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Stranded Iron Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.9M
IMPORTS (2022)$71.8M
NET TRADE (2022)-$60.9M

In 2022, Philippines exported $10.9M in Stranded Iron Wire. The main destinations of Philippines exports on Stranded Iron Wire were Japan ($6.69M), Hong Kong ($1.09M), China ($583k), Germany ($450k), and Indonesia ($378k).

In 2022, Philippines imported $71.8M in Stranded Iron Wire, mainly from China ($48.3M), Thailand ($5.76M), Japan ($4.27M), South Korea ($3.96M), and Indonesia ($2.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Hong Kong$891k (448%)
United States$173k (3.95k%)
Singapore$105k (120%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Philippines WERE (2021 - 2022):
Japan-$3.35M (-33.4%)
China-$804k (-58%)
Papua New Guinea-$501k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Stranded Iron Wire were:
China $2.93B
South Korea $565M
Vietnam $546M
In 2022, Philippines's main importing competitors in Stranded Iron Wire were:
United States $1.52B
Germany $434M
India $322M

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.28M
TOP IMPORT POTENTIALChina+ $6.08M

Stranded Iron Wire’s highest export potential is China. With an export gap of $1.28M.   Stranded Iron Wire’s highest import potential is China with an import gap of $6.08M.

See methodology.

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