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2022
Exports $118kWorld Rnk 82 / 119
Flag Rnk 820 / 1127
2022
Destination $115k Japan
2021 - 2022
FASTEST GROWING MARKET $115kJapan
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.88Rnk 800 / 1025
2022
Imports $1.45BWorld Rnk 8 / 188
Flag Rnk 15 / 1201
2022
Origin $296M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $296MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $118k in Semi-Finished Iron, making it the 82nd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 820th most exported product in Philippines. The main destination of Semi-Finished Iron exports from Philippines are: Japan ($118k) and Turkey ($503).

The fastest growing export markets for Semi-Finished Iron of Philippines between 2021 and 2022 were Japan ($115k) and Turkey ($503).

Imports In 2022, Philippines imported $1.45B in Semi-Finished Iron, becoming the 8th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 15th most imported product in Philippines. Philippines imports Semi-Finished Iron primarily from: Indonesia ($427M), Russia ($349M), Vietnam ($216M), Malaysia ($163M), and Thailand ($133M).

The fastest growing import markets in Semi-Finished Iron for Philippines between 2021 and 2022 were Indonesia ($296M), China ($116M), and Malaysia ($110M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Semi-Finished Iron exports accounted up to $377 and imports accounted up to $13.8M, resulting in a negative trade balance of $13.8M. Between May 2023 and June 2024 the exports of Philippines'   Semi-Finished Iron have decreased by $-18.3k (-98%) from $18.7k to $377, while imports decreased by $-38.7M (-73.8%) from $52.5M to $13.8M.

Destinations In June 2024, Semi-Finished Iron were exported mostly to Japan ($377), and were imported mostly from Vietnam ($8.59M), Japan ($5.17M), United Arab Emirates ($16.1k), Singapore ($13.3k), and South Korea ($690).

Growth In June 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-11.1M or -69.7%) and Malaysia ($-3.27M or -19%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$-18.3k(-98%)
IMPORT GROWTH (June 2023 - June 2024)$-38.7M(-73.8%)
MAIN DESTINATION (June 2024)Japan$377

This section shows Semi-Finished 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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$118k
IMPORTS (2022)$1.45B
NET TRADE (2022)-$1.45B

In 2022, Philippines exported $118k in Semi-Finished Iron. The main destinations of Philippines exports on Semi-Finished Iron were Japan ($118k) and Turkey ($503).

In 2022, Philippines imported $1.45B in Semi-Finished Iron, mainly from Indonesia ($427M), Russia ($349M), Vietnam ($216M), Malaysia ($163M), and Thailand ($133M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$115k (4.23k%)
Turkey$503 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Philippines WERE (2021 - 2022):
Papua New Guinea-$692 (-100%)
United States-$44 (-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 Semi-Finished Iron were:
Russia $8.38B
Oman $3.44B
Brazil $3.42B
In 2022, Philippines's main importing competitors in Semi-Finished Iron were:
United States $3.03B
Turkey $2.81B
China $2.38B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.96k
TOP IMPORT POTENTIALIndia+ $11.8M

Semi-Finished Iron’s highest export potential is Turkey. With an export gap of $1.96k.   Semi-Finished Iron’s highest import potential is India with an import gap of $11.8M.

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