2022
Exports
$1.84kWorld Rnk 110 / 124
Flag Rnk 1056 / 1127
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Iron
0.61Rnk 318 / 1025
2022
Imports
$103MWorld Rnk 17 / 201
Flag Rnk 264 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.84k in Large Flat-Rolled Iron, making it the 110th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 1056th most exported product in Philippines. The main destination of Large Flat-Rolled Iron exports from Philippines are: Micronesia ($1.39k) and Papua New Guinea ($453).

The fastest growing export markets for Large Flat-Rolled Iron of Philippines between 2021 and 2022 were Micronesia ($1.39k) and Papua New Guinea ($410).

Imports In 2022, Philippines imported $103M in Large Flat-Rolled Iron, becoming the 17th largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 264th most imported product in Philippines. Philippines imports Large Flat-Rolled Iron primarily from: China ($95.5M), Chinese Taipei ($3.81M), Japan ($2.37M), South Korea ($755k), and United Kingdom ($203k).

The fastest growing import markets in Large Flat-Rolled Iron for Philippines between 2021 and 2022 were China ($64.7M), United Kingdom ($131k), and Germany ($108k).

Latest Trends

Oct 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 Large Flat-Rolled Iron. 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 (2022)$1.84k
IMPORTS (2022)$103M
NET TRADE (2022)-$103M

In 2022, Philippines exported $1.84k in Large Flat-Rolled Iron. The main destinations of Philippines exports on Large Flat-Rolled Iron were Micronesia ($1.39k) and Papua New Guinea ($453).

In 2022, Philippines imported $103M in Large Flat-Rolled Iron, mainly from China ($95.5M), Chinese Taipei ($3.81M), Japan ($2.37M), South Korea ($755k), and United Kingdom ($203k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Iron EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Micronesia$1.39k (1%)
Papua New Guinea$410 (953%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Iron BY Philippines WERE (2021 - 2022):
China-$6.51k (-100%)
Chinese Taipei-$5.48k (-100%)
Marshall Islands-$350 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Large Flat-Rolled Iron were:
Germany $1.46B
Italy $674M
China $504M
In 2022, Philippines's main importing competitors in Large Flat-Rolled Iron were:

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Trade Value of Large Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $479
TOP IMPORT POTENTIALJapan+ $1.02M

Large Flat-Rolled Iron’s highest export potential is United States. With an export gap of $479.   Large Flat-Rolled Iron’s highest import potential is Japan with an import gap of $1.02M.

See methodology.

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