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2022
Exports $1.77MWorld Rnk 45 / 109
Flag Rnk 542 / 1127
2022
Destination $18.8k China
2021 - 2022
FASTEST GROWING MARKET $18.8kJapan
2022
PRODUCT COMPLEXITY IN Flat-Rolled Iron1.12Rnk 129 / 1025
2022
Imports $17.2MWorld Rnk 42 / 182
Flag Rnk 606 / 1201
2022
Origin $1.39M Japan
2021 - 2022
FASTEST GROWING ORIGIN $1.39MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.77M in Flat-Rolled Iron, making it the 45th largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 542nd most exported product in Philippines. The main destination of Flat-Rolled Iron exports from Philippines are: China ($1.64M), Hong Kong ($103k), Japan ($18.8k), and Cambodia ($2.21k).

The fastest growing export markets for Flat-Rolled Iron of Philippines between 2021 and 2022 were Japan ($18.8k) and Cambodia ($2.21k).

Imports In 2022, Philippines imported $17.2M in Flat-Rolled Iron, becoming the 42nd largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 606th most imported product in Philippines. Philippines imports Flat-Rolled Iron primarily from: Japan ($9.59M), China ($6.95M), Chinese Taipei ($224k), Vietnam ($103k), and South Korea ($84.9k).

The fastest growing import markets in Flat-Rolled Iron for Philippines between 2021 and 2022 were China ($1.39M), Germany ($27k), and South Korea ($20k).

Latest Trends

October 2023

About

Overview In October 2023 Philippines' Flat-Rolled Iron exports accounted up to $6.52k and imports accounted up to $366k, resulting in a negative trade balance of $359k. Between May 2021 and October 2023 the exports of Philippines'   Flat-Rolled Iron have decreased by $-68.7k (-91.3%) from $75.2k to $6.52k, while imports decreased by $-229k (-38.5%) from $594k to $366k.

Destinations In October 2023, Flat-Rolled Iron were exported mostly to , and were imported mostly from Japan ($363k), United States ($2.13k), and Chinese Taipei ($963).

Growth In October 2023, the decrease in Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from China ($-377k or -63.3%), Japan ($-276k or -53.5%), and Hong Kong ($-1.09k or -90.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2021 - October 2023)$-68.7k(-91.3%)
IMPORT GROWTH (June 2023 - June 2024)$-229k(-38.5%)
MAIN DESTINATION (October 2023)

This section shows Flat-Rolled Iron'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 Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.77M
IMPORTS (2022)$17.2M
NET TRADE (2022)-$15.5M

In 2022, Philippines exported $1.77M in Flat-Rolled Iron. The main destinations of Philippines exports on Flat-Rolled Iron were China ($1.64M), Hong Kong ($103k), Japan ($18.8k), and Cambodia ($2.21k).

In 2022, Philippines imported $17.2M in Flat-Rolled Iron, mainly from Japan ($9.59M), China ($6.95M), Chinese Taipei ($224k), Vietnam ($103k), and South Korea ($84.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Iron EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$18.8k (1%)
Cambodia$2.21k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Iron BY Philippines WERE (2021 - 2022):
China-$1.24M (-43%)
Hong Kong-$82.5k (-44.5%)
Thailand-$22.4k (-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 Flat-Rolled Iron were:
Germany $1.13B
Austria $640M
China $464M
In 2022, Philippines's main importing competitors in Flat-Rolled Iron were:
Germany $587M
China $369M
United States $283M

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Trade Value of Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $967k
TOP IMPORT POTENTIALChina+ $1.2M

Flat-Rolled Iron’s highest export potential is China. With an export gap of $967k.   Flat-Rolled Iron’s highest import potential is China with an import gap of $1.2M.

See methodology.

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