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2022
Exports $10.2MWorld Rnk 66 / 151
Flag Rnk 334 / 1127
2022
Destination $9.97M China
2021 - 2022
FASTEST GROWING MARKET $9.97MChina
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron0.41Rnk 402 / 1025
2022
Imports $643MWorld Rnk 32 / 214
Flag Rnk 52 / 1201
2022
Origin $192M China
2021 - 2022
FASTEST GROWING ORIGIN $192MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

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

September 2024

About

Overview In September 2024 Philippines' Hot-Rolled Iron exports accounted up to $5.76k and imports accounted up to $44.3M, resulting in a negative trade balance of $44.3M. Between August 2023 and September 2024 the exports of Philippines'   Hot-Rolled Iron have decreased by $-1.52k (-20.9%) from $7.28k to $5.76k, while imports increased by $671k (1.54%) from $43.7M to $44.3M.

Destinations In September 2024, Hot-Rolled Iron were exported mostly to Mexico ($2.98k), Japan ($1.8k), and Singapore ($987), and were imported mostly from China ($36.3M), Chinese Taipei ($3.58M), South Korea ($2.42M), Japan ($1.95M), and Thailand ($20.9k).

Growth In September 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-6.21k or -59.9%), Japan ($-2.69k or -97.4%), and Hong Kong ($-2.5k or -82%). In September 2024, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($2.9M or 32.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - September 2024)$-1.52k(-20.9%)
IMPORT GROWTH (September 2023 - September 2024)$671k(1.54%)
MAIN DESTINATION (September 2024)Mexico$2.98k

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.2M
IMPORTS (2022)$643M
NET TRADE (2022)-$633M

In 2022, Philippines exported $10.2M in Hot-Rolled Iron. The main destinations of Philippines exports on Hot-Rolled Iron were China ($9.98M), Mexico ($98k), Japan ($77k), Malaysia ($15.7k), and Chinese Taipei ($15.2k).

In 2022, Philippines imported $643M in Hot-Rolled Iron, mainly from China ($329M), Japan ($128M), Chinese Taipei ($94.9M), South Korea ($58.5M), and Vietnam ($22.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$9.97M (112k%)
Guam$6.82k (1%)
Singapore$4.73k (70%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Philippines WERE (2021 - 2022):
Mexico-$79.5k (-44.8%)
Cambodia-$45.6k (-100%)
Hong Kong-$38k (-80.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
South Korea $6.81B
In 2022, Philippines's main importing competitors in Hot-Rolled Iron were:
Italy $5.5B
Vietnam $5.46B
Germany $4B

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.59M
TOP IMPORT POTENTIALJapan+ $29.3M

Hot-Rolled Iron’s highest export potential is China. With an export gap of $4.59M.   Hot-Rolled Iron’s highest import potential is Japan with an import gap of $29.3M.

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