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2023
Exports $353kWorld Rnk 83 / 125
Flag Rnk 706 / 1123
2023
Destination $89.6k Japan
2022 - 2023
FASTEST GROWING MARKET $89.6kUnited Kingdom
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.94Rnk 812 / 1025
2023
Imports $1.27BWorld Rnk 7 / 189
Flag Rnk 18 / 1202
2023
Origin $141M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $141MChina
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $353k in Semi-Finished Iron, making it the 83rd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 706th most exported product in Philippines. The main destination of Semi-Finished Iron exports from Philippines are: Japan ($202k), United Kingdom ($89.6k), Australia ($46.8k), Singapore ($13k), and Turkey ($739).

The fastest growing export markets for Semi-Finished Iron of Philippines between 2022 and 2023 were United Kingdom ($89.6k), Japan ($84.8k), and Australia ($46.8k).

Imports In 2023, Philippines imported $1.27B in Semi-Finished Iron, becoming the 7th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 18th most imported product in Philippines. Philippines imports Semi-Finished Iron primarily from: Indonesia ($347M), China ($257M), Malaysia ($183M), Kazakhstan ($114M), and Vietnam ($105M).

The fastest growing import markets in Semi-Finished Iron for Philippines between 2022 and 2023 were China ($141M), Kazakhstan ($99.8M), and Saudi Arabia ($51.5M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Semi-Finished Iron exports accounted up to $87.9k and imports accounted up to $130M, resulting in a negative trade balance of $130M. Between June 2023 and July 2024 the exports of Philippines'   Semi-Finished Iron have increased by $77.1k (717%) from $10.8k to $87.9k, while imports increased by $97.4M (300%) from $32.5M to $130M.

Destinations In July 2024, Semi-Finished Iron were exported mostly to Australia ($71.3k) and Japan ($16.6k), and were imported mostly from Indonesia ($59.5M), Vietnam ($26.7M), China ($22.2M), Japan ($10.9M), and Malaysia ($10.6M).

Growth In July 2024, the increase in Semi-Finished Iron's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Semi-Finished Iron's year-by-year imports was explained primarily by an increase in imports from Indonesia ($52M or 819%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$77.1k(717%)
IMPORT GROWTH (July 2023 - July 2024)$97.4M(300%)
MAIN DESTINATION (July 2024)Australia$71.3k

This section shows Semi-Finished 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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$353k
IMPORTS (2023)$1.27B
NET TRADE (2023)-$1.27B

In 2023, Philippines exported $353k in Semi-Finished Iron. The main destinations of Philippines exports on Semi-Finished Iron were Japan ($202k), United Kingdom ($89.6k), Australia ($46.8k), Singapore ($13k), and Turkey ($739).

In 2023, Philippines imported $1.27B in Semi-Finished Iron, mainly from Indonesia ($347M), China ($257M), Malaysia ($183M), Kazakhstan ($114M), and Vietnam ($105M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
United Kingdom$89.6k (1%)
Japan$84.8k (72.1%)
Australia$46.8k (1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Oman $3.27B
Brazil $3.13B
In 2023, Philippines's main importing competitors in Semi-Finished Iron were:
Turkey $3.36B
United States $2.81B
Indonesia $2.13B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.96k
TOP IMPORT POTENTIALIndia+ $11.8M

Semi-Finished Iron’s highest export potential is Turkey. With an export gap of $1.96k.   Semi-Finished Iron’s highest import potential is India with an import gap of $11.8M.

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