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2022
Exports $3.85MWorld Rnk 55 / 149
Flag Rnk 437 / 1127
2022
Destination $22k Singapore
2021 - 2022
FASTEST GROWING MARKET $22kJapan
2022
PRODUCT COMPLEXITY IN Other Steel Bars0.29Rnk 456 / 1025
2022
Imports $55.3MWorld Rnk 48 / 218
Flag Rnk 367 / 1201
2022
Origin $1.23M China
2021 - 2022
FASTEST GROWING ORIGIN $1.23MSingapore
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.85M in Other Steel Bars, making it the 55th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 437th most exported product in Philippines. The main destination of Other Steel Bars exports from Philippines are: Singapore ($3.78M), Japan ($22k), Australia ($8.27k), United States ($7.47k), and United Kingdom ($6.44k).

The fastest growing export markets for Other Steel Bars of Philippines between 2021 and 2022 were Japan ($22k), United States ($5.16k), and United Kingdom ($3.85k).

Imports In 2022, Philippines imported $55.3M in Other Steel Bars, becoming the 48th largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 367th most imported product in Philippines. Philippines imports Other Steel Bars primarily from: China ($26.6M), Japan ($17.1M), United States ($2.43M), Singapore ($2.21M), and Hong Kong ($2.2M).

The fastest growing import markets in Other Steel Bars for Philippines between 2021 and 2022 were Singapore ($1.23M), United States ($735k), and India ($194k).

Latest Trends

March 2024

About

Overview In March 2024 Philippines' Other Steel Bars exports accounted up to $16k and imports accounted up to $2.42M, resulting in a negative trade balance of $2.4M. Between July 2022 and March 2024 the exports of Philippines'   Other Steel Bars have increased by $13.5k (550%) from $2.45k to $16k, while imports decreased by $-12.3M (-83.6%) from $14.8M to $2.42M.

Destinations In March 2024, Other Steel Bars were exported mostly to , and were imported mostly from Japan ($1.34M), Chinese Taipei ($597k), United States ($156k), Singapore ($114k), and Sweden ($106k).

Growth In March 2024, the increase in Other Steel Bars's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Other Steel Bars's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-11.1k or -38.4%) and India ($-1.75k or -86.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2022 - March 2024)$13.5k(550%)
IMPORT GROWTH (June 2023 - June 2024)$-12.3M(-83.6%)
MAIN DESTINATION (March 2024)

This section shows Other Steel Bars'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 Other Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.85M
IMPORTS (2022)$55.3M
NET TRADE (2022)-$51.5M

In 2022, Philippines exported $3.85M in Other Steel Bars. The main destinations of Philippines exports on Other Steel Bars were Singapore ($3.78M), Japan ($22k), Australia ($8.27k), United States ($7.47k), and United Kingdom ($6.44k).

In 2022, Philippines imported $55.3M in Other Steel Bars, mainly from China ($26.6M), Japan ($17.1M), United States ($2.43M), Singapore ($2.21M), and Hong Kong ($2.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$22k (1%)
United States$5.16k (224%)
United Kingdom$3.85k (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY Philippines WERE (2021 - 2022):
Singapore-$417k (-9.94%)
Australia-$116k (-93.4%)
Papua New Guinea-$60k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Steel Bars were:
China $3.04B
Germany $1.79B
Japan $1.06B
In 2022, Philippines's main importing competitors in Other Steel Bars were:
Germany $1.71B
United States $1.1B
Mexico $818M

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Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $52.1k
TOP IMPORT POTENTIALChina+ $7.56M

Other Steel Bars’s highest export potential is Japan. With an export gap of $52.1k.   Other Steel Bars’s highest import potential is China with an import gap of $7.56M.

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