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2023
Exports $28.6MWorld Rnk 9 / 74
Flag Rnk 215 / 1123
2023
Destination $8.06M China
2022 - 2023
FASTEST GROWING MARKET $8.06MChina
2023
PRODUCT COMPLEXITY IN Chromium Ore-2.49Rnk 1018 / 1025
2023
Imports $26.9kWorld Rnk 85 / 107
Flag Rnk 1166 / 1202
2023
Origin $12k South Africa
2022 - 2023
FASTEST GROWING ORIGIN $12kSouth Africa
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $28.6M in Chromium Ore, making it the 9th largest exporter of Chromium Ore in the world. At the same year, Chromium Ore was the 215th most exported product in Philippines. The main destination of Chromium Ore exports from Philippines are: China ($28.6M).

The fastest growing export markets for Chromium Ore of Philippines between 2022 and 2023 were China ($8.06M).

Imports In 2023, Philippines imported $26.9k in Chromium Ore, becoming the 85th largest importer of Chromium Ore in the world. At the same year, Chromium Ore was the 1166th most imported product in Philippines. Philippines imports Chromium Ore primarily from: South Africa ($26.8k) and China ($55).

The fastest growing import markets in Chromium Ore for Philippines between 2022 and 2023 were South Africa ($12k) and China ($55).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Chromium Ore exports accounted up to $12k and imports accounted up to $9.68k, resulting in a positive trade balance of $2.32k. Between October 2021 and May 2024 the exports of Philippines'   Chromium Ore have decreased by $-7.84M (-99.8%) from $7.86M to $12k, while imports increased by $7.77k (408%) from $1.91k to $9.68k.

Destinations In May 2024, Chromium Ore were exported mostly to , and were imported mostly from .

Growth In May 2024, the decrease in Chromium Ore's year-by-year exports was explained primarily by a decrease in exports to . In March 2024, the increase in Chromium Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2021 - May 2024)$-7.84M(-99.8%)
IMPORT GROWTH (January 2021 - March 2024)$7.77k(408%)
MAIN DESTINATION (May 2024)

This section shows Chromium Ore'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 Chromium Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$28.6M
IMPORTS (2023)$26.9k
NET TRADE (2023)$28.6M

In 2023, Philippines exported $28.6M in Chromium Ore. The main destinations of Philippines exports on Chromium Ore were China ($28.6M).

In 2023, Philippines imported $26.9k in Chromium Ore, mainly from South Africa ($26.8k) and China ($55).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chromium Ore EXPORT MARKETS FOR Philippines WERE (2022 - 2023):China$8.06M (39.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chromium Ore BY Philippines WERE (2022 - 2023):
Indonesia-$44 (-100%)
South Korea-$33 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Chromium Ore were:
South Africa $6.29B
Turkey $422M
Zimbabwe $217M
In 2023, Philippines's main importing competitors in Chromium Ore were:
China $4.9B
Mozambique $1.69B
Indonesia $227M

Explore Visualizations

Trade Value of Chromium Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.15M
TOP IMPORT POTENTIALSouth Africa+ $33.3k

Chromium Ore’s highest export potential is China. With an export gap of $5.15M.   Chromium Ore’s highest import potential is South Africa with an import gap of $33.3k.

See methodology.

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