Hot-Rolled Iron in   Philippines

Overview In August 2024 Philippines' Hot-Rolled Iron exports accounted up to $1.27k and imports accounted up to $30.2M, resulting in a negative trade balance of $30.2M. Between July 2023 and August 2024 the exports of Philippines'   Hot-Rolled Iron have decreased by $-9.42k (-88.2%) from $10.7k to $1.27k, while imports decreased by $-20.2M (-40.1%) from $50.4M to $30.2M.

Destinations In August 2024, Hot-Rolled Iron were exported mostly to Japan ($1.27k), and were imported mostly from China ($25.5M), South Korea ($3M), Japan ($1.49M), Chinese Taipei ($128k), and Belgium ($19.5k).

Growth In August 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-6.21k or -59.9%), Japan ($-2.69k or -97.4%), and Hong Kong ($-2.5k or -82%). In August 2024, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Japan ($-8.54M or -83.9%), Chinese Taipei ($-7.5M or -77.8%), and South Korea ($-4.51M or -62%).