2022
Exports
$51.5kWorld Rnk 71 / 114
Flag Rnk 890 / 1127
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$1.28MWorld Rnk 48 / 172
Flag Rnk 976 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $51.5k in Iron Ingots, making it the 71st largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 890th most exported product in Philippines. The main destination of Iron Ingots exports from Philippines are: Japan ($51.4k) and Singapore ($108).

The fastest growing export markets for Iron Ingots of Philippines between 2021 and 2022 were Japan ($51.4k) and Singapore ($108).

Imports In 2022, Philippines imported $1.28M in Iron Ingots, becoming the 48th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 976th most imported product in Philippines. Philippines imports Iron Ingots primarily from: Japan ($723k), Singapore ($387k), Chinese Taipei ($90k), South Korea ($72k), and China ($3.15k).

The fastest growing import markets in Iron Ingots for Philippines between 2021 and 2022 were Japan ($268k), United States ($2.77k), and Germany ($2.11k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ingots. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$51.5k
IMPORTS (2022)$1.28M
NET TRADE (2022)-$1.23M

In 2022, Philippines exported $51.5k in Iron Ingots. The main destinations of Philippines exports on Iron Ingots were Japan ($51.4k) and Singapore ($108).

In 2022, Philippines imported $1.28M in Iron Ingots, mainly from Japan ($723k), Singapore ($387k), Chinese Taipei ($90k), South Korea ($72k), and China ($3.15k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$51.4k (1%)
Singapore$108 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Philippines WERE (2021 - 2022):Thailand-$3 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Philippines's main importing competitors in Iron Ingots were:

Explore Visualizations

Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.71k
TOP IMPORT POTENTIALJapan+ $11.5k

Iron Ingots’s highest export potential is Japan. With an export gap of $2.71k.   Iron Ingots’s highest import potential is Japan with an import gap of $11.5k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with