Hot-Rolled Iron in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $10.2M in Hot-Rolled Iron, making it the 66th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 334th most exported product in Philippines. The main destination of Hot-Rolled Iron exports from Philippines are: China ($9.98M), Mexico ($98k), Japan ($77k), Malaysia ($15.7k), and Chinese Taipei ($15.2k).

The fastest growing export markets for Hot-Rolled Iron of Philippines between 2021 and 2022 were China ($9.97M), Guam ($6.82k), and Singapore ($4.73k).

Imports In 2022, Philippines imported $643M in Hot-Rolled Iron, becoming the 32nd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 52nd most imported product in Philippines. Philippines imports Hot-Rolled Iron primarily from: China ($329M), Japan ($128M), Chinese Taipei ($94.9M), South Korea ($58.5M), and Vietnam ($22.6M).

The fastest growing import markets in Hot-Rolled Iron for Philippines between 2021 and 2022 were China ($192M), Chinese Taipei ($32.9M), and Japan ($22.4M).

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Hot-Rolled Iron exports accounted up to $13.9k and imports accounted up to $45M, resulting in a negative trade balance of $45M. Between August 2020 and August 2021 the exports of Philippines' Hot-Rolled Iron have increased by $5.2k (59.8%) from $8.69k to $13.9k, while imports increased by $27M (150%) from $18M to $45M.

Destinations In August 2021, Hot-Rolled Iron were exported mostly to Japan ($9.51k) and Hong Kong ($4.37k), and were imported mostly from China ($21.2M), Japan ($14.9M), Chinese Taipei ($6.87M), South Korea ($1.16M), and Indonesia ($804k).

Growth In August 2021, the increase in Hot-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Japan ($67.1k or 259%), China ($10.5k or 81%), and Mexico ($5.46k or 81.5%). In August 2021, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from South Korea ($3.95M or 3.99k%), Chinese Taipei ($2.51M or 23.7%), and Singapore ($574k or 7.45k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$5.2k(59.8%)

IMPORT GROWTH (August 2020 - August 2021)$27M(150%)

MAIN DESTINATION (August 2021)Japan$9.51k

This section shows Hot-Rolled 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 Hot-Rolled Iron over time.

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