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2023
Exports $330kWorld Rnk 38 / 125
Flag Rnk 714 / 1123
2023
Destination $143k Indonesia
2022 - 2023
FASTEST GROWING MARKET $143kIndonesia
2023
Imports $2.07MWorld Rnk 33 / 205
Flag Rnk 909 / 1202
2023
Origin $118k China
2022 - 2023
FASTEST GROWING ORIGIN $118kSouth Korea
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $330k in Iron Anchors, making it the 38th largest exporter of Iron Anchors in the world. At the same year, Iron Anchors was the 714th most exported product in Philippines. The main destination of Iron Anchors exports from Philippines are: Indonesia ($143k), United Arab Emirates ($131k), Chinese Taipei ($35.4k), Singapore ($14.6k), and United States ($3.31k).

The fastest growing export markets for Iron Anchors of Philippines between 2022 and 2023 were Indonesia ($143k), United Arab Emirates ($131k), and Chinese Taipei ($35.4k).

Imports In 2023, Philippines imported $2.07M in Iron Anchors, becoming the 33rd largest importer of Iron Anchors in the world. At the same year, Iron Anchors was the 909th most imported product in Philippines. Philippines imports Iron Anchors primarily from: China ($1.74M), South Korea ($135k), Australia ($82.7k), Japan ($46.6k), and Malaysia ($31.6k).

The fastest growing import markets in Iron Anchors for Philippines between 2022 and 2023 were South Korea ($118k), Australia ($79.3k), and Malaysia ($22.9k).

Latest Trends

April 2024

About

Overview In April 2024 Philippines' Iron Anchors exports accounted up to $26.6k and imports accounted up to $98.2k, resulting in a negative trade balance of $71.6k. Between January 2022 and April 2024 the exports of Philippines'   Iron Anchors have decreased by $-1.5M (-98.3%) from $1.53M to $26.6k, while imports decreased by $-20.2k (-17%) from $118k to $98.2k.

Destinations In April 2024, Iron Anchors were exported mostly to , and were imported mostly from China ($85.6k), Japan ($9.07k), Vietnam ($2.5k), India ($652), and Malaysia ($243).

Growth In April 2024, the decrease in Iron Anchors's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Iron Anchors's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2022 - April 2024)$-1.5M(-98.3%)
IMPORT GROWTH (July 2023 - July 2024)$-20.2k(-17%)
MAIN DESTINATION (April 2024)

This section shows Iron Anchors'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 Iron Anchors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$330k
IMPORTS (2023)$2.07M
NET TRADE (2023)-$1.74M

In 2023, Philippines exported $330k in Iron Anchors. The main destinations of Philippines exports on Iron Anchors were Indonesia ($143k), United Arab Emirates ($131k), Chinese Taipei ($35.4k), Singapore ($14.6k), and United States ($3.31k).

In 2023, Philippines imported $2.07M in Iron Anchors, mainly from China ($1.74M), South Korea ($135k), Australia ($82.7k), Japan ($46.6k), and Malaysia ($31.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Anchors EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Indonesia$143k (1%)
United Arab Emirates$131k (1%)
Chinese Taipei$35.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Anchors BY Philippines WERE (2022 - 2023):
Singapore-$1.51M (-99%)
United States-$60.5k (-94.8%)
Japan-$35.3k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Iron Anchors were:
China $114M
Netherlands $37.2M
Singapore $23.8M
In 2023, Philippines's main importing competitors in Iron Anchors were:
United States $42.8M
Brazil $20.7M
United Kingdom $14.6M

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Trade Value of Iron Anchors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.8k
TOP IMPORT POTENTIALIndia+ $37.7k

Iron Anchors’s highest export potential is United States. With an export gap of $30.8k.   Iron Anchors’s highest import potential is India with an import gap of $37.7k.

See methodology.

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