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Pricing

2022
Exports $7.07MWorld Rnk 43 / 171
Flag Rnk 376 / 1127
2022
Destination $31.5k Japan
2021 - 2022
FASTEST GROWING MARKET $31.5kMalaysia
2022
PRODUCT COMPLEXITY IN Iron Nails-0.5Rnk 699 / 1025
2022
Imports $63.8MWorld Rnk 11 / 220
Flag Rnk 348 / 1201
2022
Origin $6.41M China
2021 - 2022
FASTEST GROWING ORIGIN $6.41MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $7.07M in Iron Nails, making it the 43rd largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 376th most exported product in Philippines. The main destination of Iron Nails exports from Philippines are: Japan ($6.94M), Malaysia ($47.5k), Afghanistan ($20k), Kuwait ($17.1k), and United States ($13.9k).

The fastest growing export markets for Iron Nails of Philippines between 2021 and 2022 were Malaysia ($31.5k), Afghanistan ($18.7k), and Kuwait ($17.1k).

Imports In 2022, Philippines imported $63.8M in Iron Nails, becoming the 11th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 348th most imported product in Philippines. Philippines imports Iron Nails primarily from: China ($61.6M), Japan ($698k), Chinese Taipei ($430k), Malaysia ($247k), and Singapore ($192k).

The fastest growing import markets in Iron Nails for Philippines between 2021 and 2022 were China ($6.41M), Hong Kong ($84.3k), and Malaysia ($75.2k).

Latest Trends

October 2024

About

Overview In October 2024 Philippines' Iron Nails exports accounted up to $63 and imports accounted up to $1.45M, resulting in a negative trade balance of $1.45M. Between April 2023 and October 2024 the exports of Philippines'   Iron Nails have decreased by $-579 (-90.2%) from $642 to $63, while imports increased by $545k (60.5%) from $901k to $1.45M.

Destinations In October 2024, Iron Nails were exported mostly to Japan ($63), and were imported mostly from China ($1.34M), Japan ($30.6k), Switzerland ($22.8k), United States ($18.9k), and Chinese Taipei ($18.6k).

Growth In October 2024, the decrease in Iron Nails's year-by-year exports was explained primarily by a decrease in exports to Japan ($-712k or -88.8%). In October 2024, the increase in Iron Nails's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($13.9k or 82.1%), Japan ($2.2k or 9.28%), and South Korea ($1k or 48.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - October 2024)$-579(-90.2%)
IMPORT GROWTH (October 2023 - October 2024)$545k(60.5%)
MAIN DESTINATION (October 2024)Japan$63

This section shows Iron Nails'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 Nails over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.07M
IMPORTS (2022)$63.8M
NET TRADE (2022)-$56.7M

In 2022, Philippines exported $7.07M in Iron Nails. The main destinations of Philippines exports on Iron Nails were Japan ($6.94M), Malaysia ($47.5k), Afghanistan ($20k), Kuwait ($17.1k), and United States ($13.9k).

In 2022, Philippines imported $63.8M in Iron Nails, mainly from China ($61.6M), Japan ($698k), Chinese Taipei ($430k), Malaysia ($247k), and Singapore ($192k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$31.5k (197%)
Afghanistan$18.7k (1.4k%)
Kuwait$17.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Philippines WERE (2021 - 2022):
Japan-$1.19M (-14.6%)
Canada-$14.9k (-100%)
Switzerland-$8.34k (-85.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Iron Nails were:
China $2B
Oman $241M
Poland $149M
In 2022, Philippines's main importing competitors in Iron Nails were:
United States $1.65B
Canada $173M
Germany $162M

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $41.1k
TOP IMPORT POTENTIALMalaysia+ $377k

Iron Nails’s highest export potential is United States. With an export gap of $41.1k.   Iron Nails’s highest import potential is Malaysia with an import gap of $377k.

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