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2022
Exports $1.44MWorld Rnk 59 / 120
Flag Rnk 568 / 1127
2022
Destination $461k Mexico
2021 - 2022
FASTEST GROWING MARKET $461kMexico
2022
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 72 / 1025
2022
Imports $94.8MWorld Rnk 48 / 201
Flag Rnk 278 / 1201
2022
Origin $3.5M Japan
2021 - 2022
FASTEST GROWING ORIGIN $3.5MMalaysia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.44M in Flat Flat-Rolled Steel, making it the 59th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 568th most exported product in Philippines. The main destination of Flat Flat-Rolled Steel exports from Philippines are: Mexico ($461k), Thailand ($389k), China ($206k), Hong Kong ($191k), and Chinese Taipei ($151k).

The fastest growing export markets for Flat Flat-Rolled Steel of Philippines between 2021 and 2022 were Mexico ($461k), Hong Kong ($191k), and Chinese Taipei ($151k).

Imports In 2022, Philippines imported $94.8M in Flat Flat-Rolled Steel, becoming the 48th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 278th most imported product in Philippines. Philippines imports Flat Flat-Rolled Steel primarily from: Japan ($55.8M), China ($27.7M), Malaysia ($3.88M), Vietnam ($2.5M), and Chinese Taipei ($1.95M).

The fastest growing import markets in Flat Flat-Rolled Steel for Philippines between 2021 and 2022 were Malaysia ($3.5M), Japan ($3.2M), and Vietnam ($2.25M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Flat Flat-Rolled Steel exports accounted up to $58.3k and imports accounted up to $2.52M, resulting in a negative trade balance of $2.46M. Between May 2023 and June 2024 the exports of Philippines'   Flat Flat-Rolled Steel have decreased by $-16.6k (-22.2%) from $74.9k to $58.3k, while imports decreased by $-2.13M (-45.8%) from $4.66M to $2.52M.

Destinations In June 2024, Flat Flat-Rolled Steel were exported mostly to Thailand ($55.8k), Singapore ($2.23k), Australia ($136), Malaysia ($48), and Japan ($35), and were imported mostly from Japan ($2.36M), Austria ($151k), Singapore ($6.79k), and India ($5.82k).

Growth In June 2024, the decrease in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-208k or -65.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$-16.6k(-22.2%)
IMPORT GROWTH (June 2023 - June 2024)$-2.13M(-45.8%)
MAIN DESTINATION (June 2024)Thailand$55.8k

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.44M
IMPORTS (2022)$94.8M
NET TRADE (2022)-$93.3M

In 2022, Philippines exported $1.44M in Flat Flat-Rolled Steel. The main destinations of Philippines exports on Flat Flat-Rolled Steel were Mexico ($461k), Thailand ($389k), China ($206k), Hong Kong ($191k), and Chinese Taipei ($151k).

In 2022, Philippines imported $94.8M in Flat Flat-Rolled Steel, mainly from Japan ($55.8M), China ($27.7M), Malaysia ($3.88M), Vietnam ($2.5M), and Chinese Taipei ($1.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Mexico$461k (1%)
Hong Kong$191k (1%)
Chinese Taipei$151k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Philippines WERE (2021 - 2022):
China-$385k (-65.1%)
Thailand-$38.5k (-9.01%)
Vietnam-$8.95k (-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 Flat Flat-Rolled Steel were:
Japan $6.3B
China $5.89B
Germany $3.91B
In 2022, Philippines's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.75B
Germany $2.58B
Italy $2.38B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $39.7k
TOP IMPORT POTENTIALChina+ $15.7M

Flat Flat-Rolled Steel’s highest export potential is Hong Kong. With an export gap of $39.7k.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $15.7M.

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