Hot-Rolled Iron in   Philippines

Overview In July 2024 Philippines' Hot-Rolled Iron exports accounted up to $6.16k and imports accounted up to $47.6M, resulting in a negative trade balance of $47.6M. Between June 2023 and July 2024 the exports of Philippines'   Hot-Rolled Iron have decreased by $-438 (-6.63%) from $6.6k to $6.16k, while imports increased by $24.4M (105%) from $23.3M to $47.6M.

Destinations In July 2024, Hot-Rolled Iron were exported mostly to New Zealand ($4.82k), Singapore ($1.23k), and Japan ($116), and were imported mostly from China ($34.8M), Chinese Taipei ($5.6M), Vietnam ($2.83M), Japan ($2.21M), and South Korea ($2.06M).

Growth In July 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 July 2024, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($2.9M or 32.1%).