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Pricing

2022
Exports $145MWorld Rnk 31 / 224
Flag Rnk 85 / 1127
2022
Destination $5.73M Japan
2021 - 2022
FASTEST GROWING MARKET $5.73MFrance
2022
PRODUCT COMPLEXITY IN Iron Fasteners1.68Rnk 27 / 1025
2022
Imports $315MWorld Rnk 35 / 225
Flag Rnk 112 / 1201
2022
Origin $62M China
2021 - 2022
FASTEST GROWING ORIGIN $62MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $145M in Iron Fasteners, making it the 31st largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 85th most exported product in Philippines. The main destination of Iron Fasteners exports from Philippines are: Japan ($73.9M), United States ($18.1M), Germany ($11.8M), South Korea ($7.7M), and France ($6.12M).

The fastest growing export markets for Iron Fasteners of Philippines between 2021 and 2022 were France ($5.73M), United States ($1.6M), and Switzerland ($1.33M).

Imports In 2022, Philippines imported $315M in Iron Fasteners, becoming the 35th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 112th most imported product in Philippines. Philippines imports Iron Fasteners primarily from: China ($193M), Japan ($38.2M), Chinese Taipei ($20.2M), Singapore ($14.4M), and Thailand ($10.3M).

The fastest growing import markets in Iron Fasteners for Philippines between 2021 and 2022 were China ($62M), United States ($1.77M), and United Arab Emirates ($1.59M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Iron Fasteners exports accounted up to $3.43M and imports accounted up to $11.6M, resulting in a negative trade balance of $8.19M. Between June 2023 and June 2024 the exports of Philippines'   Iron Fasteners have decreased by $-524k (-13.2%) from $3.96M to $3.43M, while imports decreased by $-5.82M (-33.4%) from $17.4M to $11.6M.

Destinations In June 2024, Iron Fasteners were exported mostly to N/A, and were imported mostly from Japan ($3.1M), Germany ($2.2M), United States ($1.47M), Singapore ($728k), and Chinese Taipei ($708k).

Growth In June 2024, the decrease in Iron Fasteners's year-by-year exports was explained primarily by a decrease in exports to Japan ($-6.76M or -71.2%), France ($-794k or -83.6%), and South Korea ($-470k or -62.2%). In June 2024, the decrease in Iron Fasteners's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.13M or -22.7%), Sweden ($-341k or -78.6%), and South Korea ($-267k or -51.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-524k(-13.2%)
IMPORT GROWTH (June 2023 - June 2024)$-5.82M(-33.4%)

This section shows Iron Fasteners'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 Iron Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$145M
IMPORTS (2022)$315M
NET TRADE (2022)-$170M

In 2022, Philippines exported $145M in Iron Fasteners. The main destinations of Philippines exports on Iron Fasteners were Japan ($73.9M), United States ($18.1M), Germany ($11.8M), South Korea ($7.7M), and France ($6.12M).

In 2022, Philippines imported $315M in Iron Fasteners, mainly from China ($193M), Japan ($38.2M), Chinese Taipei ($20.2M), Singapore ($14.4M), and Thailand ($10.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
France$5.73M (1.45k%)
United States$1.6M (9.75%)
Switzerland$1.33M (150%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Philippines WERE (2021 - 2022):
Japan-$3.27M (-4.25%)
Netherlands-$1.49M (-54%)
Chinese Taipei-$1.14M (-20.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Iron Fasteners were:
China $12B
Germany $7.11B
Chinese Taipei $6.56B
In 2022, Philippines's main importing competitors in Iron Fasteners were:
United States $7.91B
Germany $4.86B
Mexico $2.97B

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.2M
TOP IMPORT POTENTIALChina+ $29.4M

Iron Fasteners’s highest export potential is United States. With an export gap of $12.2M.   Iron Fasteners’s highest import potential is China with an import gap of $29.4M.

See methodology.

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