2023
Exports
$1.07MWorld Rnk 58 / 189
Flag Rnk 571 / 1123
falsefalse Japan
2023
PRODUCT COMPLEXITY IN Iron Chains
1.48Rnk 48 / 1025
2023
Imports
$32.7MWorld Rnk 43 / 221
Flag Rnk 418 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.07M in Iron Chains, making it the 58th largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 571st most exported product in Philippines. The main destination of Iron Chains exports from Philippines are: Japan ($696k), China ($229k), Indonesia ($84.5k), Kuwait ($35.4k), and Thailand ($6.54k).

The fastest growing export markets for Iron Chains of Philippines between 2022 and 2023 were China ($229k), Indonesia ($75.9k), and Papua New Guinea ($3.58k).

Imports In 2023, Philippines imported $32.7M in Iron Chains, becoming the 43rd largest importer of Iron Chains in the world. At the same year, Iron Chains was the 418th most imported product in Philippines. Philippines imports Iron Chains primarily from: China ($17.5M), Malaysia ($2.01M), Thailand ($1.87M), United Kingdom ($1.8M), and United States ($1.78M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$20.2k(65.9%)
IMPORT GROWTH (July 2023 - July 2024)$-61.6k(-2.53%)
MAIN DESTINATION (July 2024)China$28.3k

This section shows Iron Chains'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 Iron Chains over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.07M
IMPORTS (2023)$32.7M
NET TRADE (2023)-$31.7M

In 2023, Philippines exported $1.07M in Iron Chains. The main destinations of Philippines exports on Iron Chains were Japan ($696k), China ($229k), Indonesia ($84.5k), Kuwait ($35.4k), and Thailand ($6.54k).

In 2023, Philippines imported $32.7M in Iron Chains, mainly from China ($17.5M), Malaysia ($2.01M), Thailand ($1.87M), United Kingdom ($1.8M), and United States ($1.78M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$229k (154k%)
Indonesia$75.9k (882%)
Papua New Guinea$3.58k (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Philippines WERE (2022 - 2023):
Singapore-$1.67M (-100%)
Japan-$568k (-44.9%)
United States-$124k (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Iron Chains were:
China $2.04B
Japan $495M
In 2023, Philippines's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $253k
N/AN/AN/A

Iron Chains’s highest export potential is Japan. With an export gap of $253k.   Iron Chains’s highest import potential is N/A with an import gap of N/A.

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