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2022
Exports $5.46MWorld Rnk 65 / 187
Flag Rnk 402 / 1127
2022
Destination $1.76M Canada
2021 - 2022
FASTEST GROWING MARKET $1.76MCanada
2022
PRODUCT COMPLEXITY IN Iron Pipes-0.034Rnk 558 / 1025
2022
Imports $107MWorld Rnk 54 / 221
Flag Rnk 250 / 1201
2022
Origin $27.9M China
2021 - 2022
FASTEST GROWING ORIGIN $27.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $5.46M in Iron Pipes, making it the 65th largest exporter of Iron Pipes in the world. At the same year, Iron Pipes was the 402nd most exported product in Philippines. The main destination of Iron Pipes exports from Philippines are: Canada ($1.76M), Indonesia ($1.68M), China ($1.1M), Japan ($324k), and Australia ($202k).

The fastest growing export markets for Iron Pipes of Philippines between 2021 and 2022 were Canada ($1.76M), China ($921k), and Australia ($202k).

Imports In 2022, Philippines imported $107M in Iron Pipes, becoming the 54th largest importer of Iron Pipes in the world. At the same year, Iron Pipes was the 250th most imported product in Philippines. Philippines imports Iron Pipes primarily from: China ($68.2M), Japan ($12.6M), Singapore ($5.4M), Italy ($3.4M), and South Korea ($3.28M).

The fastest growing import markets in Iron Pipes for Philippines between 2021 and 2022 were China ($27.9M), Japan ($4.59M), and Italy ($2.55M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Iron Pipes exports accounted up to $579k and imports accounted up to $3.75M, resulting in a negative trade balance of $3.17M. Between June 2023 and June 2024 the exports of Philippines'   Iron Pipes have increased by $162k (39%) from $416k to $579k, while imports decreased by $-3.11M (-45.3%) from $6.86M to $3.75M.

Destinations In June 2024, Iron Pipes were exported mostly to Netherlands ($416k), Japan ($155k), Vietnam ($6.44k), Chinese Taipei ($750), and Australia ($440), and were imported mostly from Japan ($2.3M), Singapore ($468k), United States ($192k), South Korea ($183k), and Netherlands ($158k).

Growth In June 2024, the increase in Iron Pipes's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Iron Pipes's year-by-year imports was explained primarily by a decrease in imports from Japan ($-790k or -49.8%), Australia ($-407k or -99.4%), and Thailand ($-301k or -88.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$162k(39%)
IMPORT GROWTH (June 2023 - June 2024)$-3.11M(-45.3%)
MAIN DESTINATION (June 2024)Netherlands$416k

This section shows Iron Pipes'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 Pipes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.46M
IMPORTS (2022)$107M
NET TRADE (2022)-$102M

In 2022, Philippines exported $5.46M in Iron Pipes. The main destinations of Philippines exports on Iron Pipes were Canada ($1.76M), Indonesia ($1.68M), China ($1.1M), Japan ($324k), and Australia ($202k).

In 2022, Philippines imported $107M in Iron Pipes, mainly from China ($68.2M), Japan ($12.6M), Singapore ($5.4M), Italy ($3.4M), and South Korea ($3.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipes EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Canada$1.76M (1%)
China$921k (527%)
Australia$202k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipes BY Philippines WERE (2021 - 2022):
Chinese Taipei-$482k (-95.6%)
Japan-$308k (-48.7%)
Singapore-$158k (-53%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Iron Pipes were:
China $8.49B
Japan $2.88B
Germany $2.46B
In 2022, Philippines's main importing competitors in Iron Pipes were:
United States $4.8B
Canada $1.35B
Germany $1.26B

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Trade Value of Iron Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.6M
TOP IMPORT POTENTIALChina+ $16.5M

Iron Pipes’s highest export potential is China. With an export gap of $1.6M.   Iron Pipes’s highest import potential is China with an import gap of $16.5M.

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