2023
Exports
$190World Rnk 90 / 99
Flag Rnk 1099 / 1123
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$696kWorld Rnk 52 / 142
Flag Rnk 1008 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $190 in Iron Reductions, making it the 90th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 1099th most exported product in Philippines. The main destination of Iron Reductions exports from Philippines are: China ($190).

The fastest growing export markets for Iron Reductions of Philippines between N/A and 2023 were China ($190).

Imports In 2023, Philippines imported $696k in Iron Reductions, becoming the 52nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1008th most imported product in Philippines. Philippines imports Iron Reductions primarily from: China ($673k), South Korea ($18.7k), Japan ($4.11k), and Chinese Taipei ($256).

The fastest growing import markets in Iron Reductions for Philippines between 2022 and 2023 were China ($524k), South Korea ($9.86k), and Japan ($2.81k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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 Reductions. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$190
IMPORTS (2023)$696k
NET TRADE (2023)-$696k

In 2023, Philippines exported $190 in Iron Reductions. The main destinations of Philippines exports on Iron Reductions were China ($190).

In 2023, Philippines imported $696k in Iron Reductions, mainly from China ($673k), South Korea ($18.7k), Japan ($4.11k), and Chinese Taipei ($256).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Philippines WERE (N/A - 2023):China$190 (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Iron Reductions were:
In 2023, Philippines's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $551
TOP IMPORT POTENTIALChina+ $22.7k

Iron Reductions’s highest export potential is China. With an export gap of $551.   Iron Reductions’s highest import potential is China with an import gap of $22.7k.

See methodology.

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