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2022
Exports $1.58MWorld Rnk 47 / 117
Flag Rnk 557 / 1127
2022
Destination $49.8k South Korea
2021 - 2022
FASTEST GROWING MARKET $49.8kSwitzerland
2022
PRODUCT COMPLEXITY IN Stranded Aluminium Wire-0.74Rnk 768 / 1025
2022
Imports $31.4MWorld Rnk 16 / 203
Flag Rnk 484 / 1201
2022
Origin $3.27M China
2021 - 2022
FASTEST GROWING ORIGIN $3.27MBahrain
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.58M in Stranded Aluminium Wire, making it the 47th largest exporter of Stranded Aluminium Wire in the world. At the same year, Stranded Aluminium Wire was the 557th most exported product in Philippines. The main destination of Stranded Aluminium Wire exports from Philippines are: South Korea ($1.04M), Indonesia ($292k), Switzerland ($116k), Germany ($44.8k), and India ($31.8k).

The fastest growing export markets for Stranded Aluminium Wire of Philippines between 2021 and 2022 were Switzerland ($49.8k), South Korea ($29.3k), and China ($896).

Imports In 2022, Philippines imported $31.4M in Stranded Aluminium Wire, becoming the 16th largest importer of Stranded Aluminium Wire in the world. At the same year, Stranded Aluminium Wire was the 484th most imported product in Philippines. Philippines imports Stranded Aluminium Wire primarily from: China ($18M), India ($3.83M), South Korea ($3.44M), Bahrain ($3.27M), and Hong Kong ($697k).

The fastest growing import markets in Stranded Aluminium Wire for Philippines between 2021 and 2022 were Bahrain ($3.27M), India ($2.93M), and South Korea ($712k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Stranded Aluminium Wire exports accounted up to $331k and imports accounted up to $624k, resulting in a negative trade balance of $293k. Between June 2023 and June 2024 the exports of Philippines'   Stranded Aluminium Wire have decreased by $-405k (-55%) from $735k to $331k, while imports decreased by $-1.04M (-62.6%) from $1.67M to $624k.

Destinations In June 2024, Stranded Aluminium Wire were exported mostly to Japan ($183k), South Korea ($72.6k), Indonesia ($56.9k), and Hungary ($18.1k), and were imported mostly from India ($411k), Vietnam ($115k), Switzerland ($46.4k), Thailand ($24k), and Australia ($14k).

Growth In June 2024, the decrease in Stranded Aluminium Wire's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-12.5k or -26.6%). In June 2024, the decrease in Stranded Aluminium Wire's year-by-year imports was explained primarily by a decrease in imports from Japan ($-20k or -71.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-405k(-55%)
IMPORT GROWTH (June 2023 - June 2024)$-1.04M(-62.6%)
MAIN DESTINATION (June 2024)Japan$183k

This section shows Stranded Aluminium 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 Aluminium Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.58M
IMPORTS (2022)$31.4M
NET TRADE (2022)-$29.8M

In 2022, Philippines exported $1.58M in Stranded Aluminium Wire. The main destinations of Philippines exports on Stranded Aluminium Wire were South Korea ($1.04M), Indonesia ($292k), Switzerland ($116k), Germany ($44.8k), and India ($31.8k).

In 2022, Philippines imported $31.4M in Stranded Aluminium Wire, mainly from China ($18M), India ($3.83M), South Korea ($3.44M), Bahrain ($3.27M), and Hong Kong ($697k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Aluminium Wire EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Switzerland$49.8k (75.5%)
South Korea$29.3k (2.9%)
China$896 (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Aluminium Wire BY Philippines WERE (2021 - 2022):
Indonesia-$423k (-59.1%)
United States-$110k (-78.5%)
India-$45.6k (-58.9%)
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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 Aluminium Wire were:
China $555M
India $518M
Bahrain $239M
In 2022, Philippines's main importing competitors in Stranded Aluminium Wire were:
United States $507M
Bangladesh $196M
Germany $84.9M

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Trade Value of Stranded Aluminium Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $14.2k
TOP IMPORT POTENTIALIndia+ $2.41M

Stranded Aluminium Wire’s highest export potential is India. With an export gap of $14.2k.   Stranded Aluminium Wire’s highest import potential is India with an import gap of $2.41M.

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