Ferroalloys in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $3.28M in Ferroalloys, making it the 81st largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 454th most exported product in Philippines. The main destination of Ferroalloys exports from Philippines are: Vietnam ($3.02M), China ($123k), Japan ($60k), India ($42.2k), and Chinese Taipei ($31.4k).

The fastest growing export markets for Ferroalloys of Philippines between 2021 and 2022 were Vietnam ($911k), China ($70.9k), and India ($42.2k).

Imports In 2022, Philippines imported $43.6M in Ferroalloys, becoming the 53rd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 405th most imported product in Philippines. Philippines imports Ferroalloys primarily from: India ($23.3M), China ($8.33M), South Korea ($3.42M), Indonesia ($3.12M), and Malaysia ($2.63M).

The fastest growing import markets in Ferroalloys for Philippines between 2021 and 2022 were Indonesia ($2.81M), China ($2.68M), and South Korea ($2.35M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Ferroalloys from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Ferroalloys exports accounted up to $159k and imports accounted up to $992k, resulting in a negative trade balance of $832k. Between August 2020 and August 2021 the exports of Philippines' Ferroalloys have increased by $11.4k (7.73%) from $148k to $159k, while imports decreased by $-50.3k (-4.83%) from $1.04M to $992k.

Destinations In August 2021, Ferroalloys were exported mostly to Vietnam ($103k) and Japan ($56.6k), and were imported mostly from India ($581k), China ($380k), Thailand ($16.1k), and Chinese Taipei ($15.2k).

Growth In August 2021, the increase in Ferroalloys's year-by-year exports was explained primarily by an increase in exports to Japan ($7.6k or 33.3%). In August 2021, the decrease in Ferroalloys's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-224k or -86.1%) and South Korea ($-177k or -97.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$11.4k(7.73%)

IMPORT GROWTH (August 2020 - August 2021)$-50.3k(-4.83%)

MAIN DESTINATION (August 2021)Vietnam$103k

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.28M

IMPORTS (2022)$43.6M

NET TRADE (2022)-$40.3M

In 2022, Philippines exported $3.28M in Ferroalloys. The main destinations of Philippines exports on Ferroalloys were Vietnam ($3.02M), China ($123k), Japan ($60k), India ($42.2k), and Chinese Taipei ($31.4k).

In 2022, Philippines imported $43.6M in Ferroalloys, mainly from India ($23.3M), China ($8.33M), South Korea ($3.42M), Indonesia ($3.12M), and Malaysia ($2.63M).

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