2023
Exports
$17World Rnk 106 / 107
Flag Rnk 1118 / 1123
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$4.35MWorld Rnk 25 / 175
Flag Rnk 810 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $17 in Iron Ingots, making it the 106th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 1118th most exported product in Philippines. The main destination of Iron Ingots exports from Philippines are: Iceland ($17).

The fastest growing export markets for Iron Ingots of Philippines between 2022 and 2023 were Iceland ($17).

Imports In 2023, Philippines imported $4.35M in Iron Ingots, becoming the 25th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 810th most imported product in Philippines. Philippines imports Iron Ingots primarily from: Singapore ($3.19M), Japan ($724k), South Korea ($349k), China ($71.3k), and Chinese Taipei ($8.92k).

The fastest growing import markets in Iron Ingots for Philippines between 2022 and 2023 were Singapore ($3.15M), South Korea ($271k), and China ($67.9k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ingots. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17
IMPORTS (2023)$4.35M
NET TRADE (2023)-$4.35M

In 2023, Philippines exported $17 in Iron Ingots. The main destinations of Philippines exports on Iron Ingots were Iceland ($17).

In 2023, Philippines imported $4.35M in Iron Ingots, mainly from Singapore ($3.19M), Japan ($724k), South Korea ($349k), China ($71.3k), and Chinese Taipei ($8.92k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Philippines WERE (2022 - 2023):Iceland$17 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Philippines WERE (2022 - 2023):
Japan-$55.7k (-100%)
Singapore-$116 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Philippines's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.71k
TOP IMPORT POTENTIALJapan+ $11.5k

Iron Ingots’s highest export potential is Japan. With an export gap of $2.71k.   Iron Ingots’s highest import potential is Japan with an import gap of $11.5k.

See methodology.

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