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2022
Exports $2.46kWorld Rnk 79 / 92
Flag Rnk 1046 / 1127
2022
Destination $1.82k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $1.82kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2022
Imports $917kWorld Rnk 60 / 141
Flag Rnk 1007 / 1201
2022
Origin $69.8k Japan
2021 - 2022
FASTEST GROWING ORIGIN $69.8kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.46k in Pig Iron, making it the 79th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 1046th most exported product in Philippines. The main destination of Pig Iron exports from Philippines are: United Kingdom ($1.82k) and China ($636).

The fastest growing export markets for Pig Iron of Philippines between 2021 and 2022 were United Kingdom ($1.82k) and China ($636).

Imports In 2022, Philippines imported $917k in Pig Iron, becoming the 60th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 1007th most imported product in Philippines. Philippines imports Pig Iron primarily from: Japan ($594k), China ($140k), Chinese Taipei ($136k), South Korea ($32.8k), and India ($6.08k).

The fastest growing import markets in Pig Iron for Philippines between 2021 and 2022 were China ($69.8k), South Korea ($32.8k), and Chinese Taipei ($9.6k).

Latest Trends

February 2023

About

Overview In February 2023 Philippines' Pig Iron exports accounted up to $92.8k and imports accounted up to $148k, resulting in a negative trade balance of $54.8k. Between September 2019 and February 2023 the exports of Philippines'   Pig Iron have increased by $91.8k (9.14k%) from $1k to $92.8k, while imports increased by $57.8k (64.3%) from $89.8k to $148k.

Destinations In February 2023, Pig Iron were exported mostly to , and were imported mostly from Japan ($147k), China ($166), and Singapore ($129).

Growth In February 2023, the increase in Pig Iron's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Pig Iron's year-by-year imports was explained primarily by an increase in imports from China ($15.6k or 1.48k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2019 - February 2023)$91.8k(9.14k%)
IMPORT GROWTH (July 2023 - August 2024)$57.8k(64.3%)
MAIN DESTINATION (February 2023)

This section shows Pig Iron'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 Pig Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.46k
IMPORTS (2022)$917k
NET TRADE (2022)-$915k

In 2022, Philippines exported $2.46k in Pig Iron. The main destinations of Philippines exports on Pig Iron were United Kingdom ($1.82k) and China ($636).

In 2022, Philippines imported $917k in Pig Iron, mainly from Japan ($594k), China ($140k), Chinese Taipei ($136k), South Korea ($32.8k), and India ($6.08k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$1.82k (1%)
China$636 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Philippines WERE (2021 - 2022):Japan-$1.65k (-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 Pig Iron were:
Brazil $2.3B
Russia $1.78B
Ukraine $668M
In 2022, Philippines's main importing competitors in Pig Iron were:
United States $2.87B
Italy $705M
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $1.66k
TOP IMPORT POTENTIALIndia+ $29.4k

Pig Iron’s highest export potential is United Kingdom. With an export gap of $1.66k.   Pig Iron’s highest import potential is India with an import gap of $29.4k.

See methodology.

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