Iron Ore in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $178M in Iron Ore, making it the 26th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 67th most exported product in Philippines. The main destination of Iron Ore exports from Philippines are: Japan ($170M), China ($8.31M), Indonesia ($1.28k), Australia ($305), and Netherlands ($90).

The fastest growing export markets for Iron Ore of Philippines between 2021 and 2022 were Indonesia ($1.28k), Australia ($305), and South Africa ($47).

Imports In 2022, Philippines imported $430M in Iron Ore, becoming the 33rd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 86th most imported product in Philippines. Philippines imports Iron Ore primarily from: Brazil ($405M), Canada ($23.8M), Australia ($1.44M), Indonesia ($361k), and Japan ($251k).

The fastest growing import markets in Iron Ore for Philippines between 2021 and 2022 were Japan ($14k), New Zealand ($8.8k), and Peru ($193).

Latest Trends

August 2024

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Overview In August 2024 Philippines' Iron Ore exports accounted up to $27.2M and imports accounted up to $117M, resulting in a negative trade balance of $90M. Between August 2023 and August 2024 the exports of Philippines' Iron Ore have decreased by $-4.75M (-14.9%) from $31.9M to $27.2M, while imports increased by $70.1M (149%) from $47M to $117M.

Destinations In August 2024, Iron Ore were exported mostly to Japan ($27.2M), and were imported mostly from Brazil ($112M) and Canada ($5.59M).

Growth In August 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$-4.75M(-14.9%)

IMPORT GROWTH (August 2023 - August 2024)$70.1M(149%)

MAIN DESTINATION (August 2024)Japan$27.2M

This section shows Iron Ore'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 Ore over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$178M

IMPORTS (2022)$430M

NET TRADE (2022)-$252M

In 2022, Philippines exported $178M in Iron Ore. The main destinations of Philippines exports on Iron Ore were Japan ($170M), China ($8.31M), Indonesia ($1.28k), Australia ($305), and Netherlands ($90).

In 2022, Philippines imported $430M in Iron Ore, mainly from Brazil ($405M), Canada ($23.8M), Australia ($1.44M), Indonesia ($361k), and Japan ($251k).

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