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2022
Exports $6.86MWorld Rnk 32 / 105
Flag Rnk 381 / 1127
2022
Destination $2.76M Indonesia
2021 - 2022
FASTEST GROWING MARKET $2.76MIndonesia
2022
PRODUCT COMPLEXITY IN Iron Powder0.78Rnk 252 / 1025
2022
Imports $34.2MWorld Rnk 22 / 176
Flag Rnk 466 / 1201
2022
Origin $8.42M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $8.42MSouth Korea
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $6.86M in Iron Powder, making it the 32nd largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 381st most exported product in Philippines. The main destination of Iron Powder exports from Philippines are: Indonesia ($2.76M), Malaysia ($1.84M), South Korea ($1.75M), China ($358k), and Thailand ($147k).

The fastest growing export markets for Iron Powder of Philippines between 2021 and 2022 were Indonesia ($2.76M), Malaysia ($1.01M), and South Korea ($688k).

Imports In 2022, Philippines imported $34.2M in Iron Powder, becoming the 22nd largest importer of Iron Powder in the world. At the same year, Iron Powder was the 466th most imported product in Philippines. Philippines imports Iron Powder primarily from: South Korea ($23.8M), China ($3.49M), Japan ($2.97M), Thailand ($1.14M), and Malaysia ($685k).

The fastest growing import markets in Iron Powder for Philippines between 2021 and 2022 were South Korea ($8.42M), Japan ($904k), and Malaysia ($649k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Iron Powder exports accounted up to $203k and imports accounted up to $4.26M, resulting in a negative trade balance of $4.06M. Between July 2023 and August 2024 the exports of Philippines'   Iron Powder have increased by $113k (125%) from $90.3k to $203k, while imports increased by $1.64M (62.3%) from $2.63M to $4.26M.

Destinations In August 2024, Iron Powder were exported mostly to Cambodia ($170k), Thailand ($33.5k), Dominican Republic ($46), and Guatemala ($46), and were imported mostly from South Korea ($2.46M), China ($1.34M), Sweden ($206k), Japan ($151k), and Thailand ($49.4k).

Growth In August 2024, the increase in Iron Powder's year-by-year exports was explained primarily by an increase in exports to Thailand ($1.78k or 35.5%). In August 2024, the increase in Iron Powder's year-by-year imports was explained primarily by an increase in imports from South Korea ($135k or 18.5%), China ($51.7k or 23.3%), and India ($39.4k or 151%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)$113k(125%)
IMPORT GROWTH (August 2023 - August 2024)$1.64M(62.3%)
MAIN DESTINATION (August 2024)Cambodia$170k

This section shows Iron Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.86M
IMPORTS (2022)$34.2M
NET TRADE (2022)-$27.3M

In 2022, Philippines exported $6.86M in Iron Powder. The main destinations of Philippines exports on Iron Powder were Indonesia ($2.76M), Malaysia ($1.84M), South Korea ($1.75M), China ($358k), and Thailand ($147k).

In 2022, Philippines imported $34.2M in Iron Powder, mainly from South Korea ($23.8M), China ($3.49M), Japan ($2.97M), Thailand ($1.14M), and Malaysia ($685k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Powder EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Indonesia$2.76M (1%)
Malaysia$1.01M (122%)
South Korea$688k (64.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Powder BY Philippines WERE (2021 - 2022):
Thailand-$271k (-64.9%)
Japan-$18.2k (-98.6%)
United Arab Emirates-$2.84k (-100%)
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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 Powder were:
Sweden $492M
Germany $267M
Japan $257M
In 2022, Philippines's main importing competitors in Iron Powder were:
United States $313M
Germany $312M
China $296M

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Trade Value of Iron Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $529k
TOP IMPORT POTENTIALChina+ $1.48M

Iron Powder’s highest export potential is China. With an export gap of $529k.   Iron Powder’s highest import potential is China with an import gap of $1.48M.

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