2022
Exports
$875World Rnk 83 / 91
Flag Rnk 1080 / 1127
2022
PRODUCT COMPLEXITY IN Steel Bars
0.58Rnk 331 / 1025
2022
Imports
$8.15MWorld Rnk 51 / 169
Flag Rnk 756 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $875 in Steel Bars, making it the 83rd largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 1080th most exported product in Philippines. The main destination of Steel Bars exports from Philippines are: Japan ($875).

The fastest growing export markets for Steel Bars of Philippines between 2021 and 2022 were Japan ($875).

Imports In 2022, Philippines imported $8.15M in Steel Bars, becoming the 51st largest importer of Steel Bars in the world. At the same year, Steel Bars was the 756th most imported product in Philippines. Philippines imports Steel Bars primarily from: India ($5.86M), China ($2.08M), Japan ($158k), United States ($43k), and Thailand ($11.2k).

The fastest growing import markets in Steel Bars for Philippines between 2021 and 2022 were Japan ($111k), United States ($35.5k), and Thailand ($11.2k).

Latest Trends

Jul 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 Steel Bars. 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 (2022)$875
IMPORTS (2022)$8.15M
NET TRADE (2022)-$8.15M

In 2022, Philippines exported $875 in Steel Bars. The main destinations of Philippines exports on Steel Bars were Japan ($875).

In 2022, Philippines imported $8.15M in Steel Bars, mainly from India ($5.86M), China ($2.08M), Japan ($158k), United States ($43k), and Thailand ($11.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Philippines WERE (2021 - 2022):Japan$875 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Philippines WERE (2021 - 2022):
Thailand-$833 (-100%)
Singapore-$801 (-100%)
Austria-$1 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Steel Bars were:
In 2022, Philippines's main importing competitors in Steel Bars were:

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $532
TOP IMPORT POTENTIALChina+ $1.51M

Steel Bars’s highest export potential is China. With an export gap of $532.   Steel Bars’s highest import potential is China with an import gap of $1.51M.

See methodology.

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