Scrap Iron in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $135M in Scrap Iron, making it the 51st largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 88th most exported product in Philippines. The main destination of Scrap Iron exports from Philippines are: South Korea ($43.3M), India ($22.7M), Chinese Taipei ($16.1M), Japan ($16M), and Bangladesh ($12.3M).

The fastest growing export markets for Scrap Iron of Philippines between 2021 and 2022 were South Korea ($21.5M), China ($3.72M), and Bangladesh ($2.22M).

Imports In 2022, Philippines imported $72.9M in Scrap Iron, becoming the 52nd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 324th most imported product in Philippines. Philippines imports Scrap Iron primarily from: Japan ($30.7M), United States ($23.6M), China ($4.51M), Hong Kong ($3.44M), and Chinese Taipei ($3.01M).

The fastest growing import markets in Scrap Iron for Philippines between 2021 and 2022 were Japan ($7.66M), Spain ($1.29M), and Israel ($823k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Scrap Iron from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Scrap Iron exports accounted up to $13.1M and imports accounted up to $2.05M, resulting in a positive trade balance of $11.1M. Between August 2020 and August 2021 the exports of Philippines' Scrap Iron have increased by $2.22M (20.4%) from $10.9M to $13.1M, while imports increased by $1.27M (163%) from $779k to $2.05M.

Destinations In August 2021, Scrap Iron were exported mostly to India ($3.83M), Japan ($3.09M), South Korea ($1.81M), Chinese Taipei ($1.38M), and Pakistan ($1M), and were imported mostly from Japan ($735k), Hong Kong ($645k), Chinese Taipei ($394k), China ($268k), and Singapore ($5.14k).

Growth In August 2021, the increase in Scrap Iron's year-by-year exports was explained primarily by an increase in exports to India ($1.4M or 81.1%), Indonesia ($803k or 152%), and Vietnam ($711k or 235%). In August 2021, the increase in Scrap Iron's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($35.7k or 407%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$2.22M(20.4%)

IMPORT GROWTH (August 2020 - August 2021)$1.27M(163%)

MAIN DESTINATION (August 2021)India$3.83M

This section shows Scrap Iron'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 Scrap Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$135M

IMPORTS (2022)$72.9M

NET TRADE (2022)$62.6M

In 2022, Philippines exported $135M in Scrap Iron. The main destinations of Philippines exports on Scrap Iron were South Korea ($43.3M), India ($22.7M), Chinese Taipei ($16.1M), Japan ($16M), and Bangladesh ($12.3M).

In 2022, Philippines imported $72.9M in Scrap Iron, mainly from Japan ($30.7M), United States ($23.6M), China ($4.51M), Hong Kong ($3.44M), and Chinese Taipei ($3.01M).

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