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2022
Exports $44.5MWorld Rnk 60 / 222
Flag Rnk 177 / 1127
2022
Destination $760k Thailand
2021 - 2022
FASTEST GROWING MARKET $760kSouth Korea
2022
PRODUCT COMPLEXITY IN Other Iron Products0.8Rnk 243 / 1025
2022
Imports $682MWorld Rnk 28 / 225
Flag Rnk 46 / 1201
2022
Origin $38.9M China
2021 - 2022
FASTEST GROWING ORIGIN $38.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $44.5M in Other Iron Products, making it the 60th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 177th most exported product in Philippines. The main destination of Other Iron Products exports from Philippines are: Thailand ($15.7M), Japan ($10.7M), United States ($4.54M), Vietnam ($2.7M), and China ($1.5M).

The fastest growing export markets for Other Iron Products of Philippines between 2021 and 2022 were South Korea ($760k), Spain ($584k), and Canada ($430k).

Imports In 2022, Philippines imported $682M in Other Iron Products, becoming the 28th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 46th most imported product in Philippines. Philippines imports Other Iron Products primarily from: China ($501M), Japan ($38.4M), Thailand ($32.8M), Hong Kong ($18.7M), and Chinese Taipei ($15.5M).

The fastest growing import markets in Other Iron Products for Philippines between 2021 and 2022 were China ($38.9M), Israel ($14.7M), and Vietnam ($7.02M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Other Iron Products exports accounted up to $5.04M and imports accounted up to $18.3M, resulting in a negative trade balance of $13.2M. Between June 2023 and June 2024 the exports of Philippines'   Other Iron Products have increased by $1.95M (62.9%) from $3.09M to $5.04M, while imports decreased by $-18.1M (-49.7%) from $36.3M to $18.3M.

Destinations In June 2024, Other Iron Products were exported mostly to Japan ($4.04M), China ($198k), United States ($198k), Thailand ($171k), and Mexico ($162k), and were imported mostly from Canada ($4.44M), Japan ($4.4M), United States ($2.33M), Germany ($1.56M), and Thailand ($1.39M).

Growth In June 2024, the increase in Other Iron Products's year-by-year exports was explained primarily by an increase in exports to Japan ($2.65M or 332%), China ($290k or 14.3k%), and Vietnam ($152k or 251%). In June 2024, the decrease in Other Iron Products's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-395k or -39.6%), Vietnam ($-369k or -93%), and Indonesia ($-168k or -67.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.95M(62.9%)
IMPORT GROWTH (June 2023 - June 2024)$-18.1M(-49.7%)
MAIN DESTINATION (June 2024)Japan$4.04M

This section shows Other Iron Products'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 Other Iron Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$44.5M
IMPORTS (2022)$682M
NET TRADE (2022)-$638M

In 2022, Philippines exported $44.5M in Other Iron Products. The main destinations of Philippines exports on Other Iron Products were Thailand ($15.7M), Japan ($10.7M), United States ($4.54M), Vietnam ($2.7M), and China ($1.5M).

In 2022, Philippines imported $682M in Other Iron Products, mainly from China ($501M), Japan ($38.4M), Thailand ($32.8M), Hong Kong ($18.7M), and Chinese Taipei ($15.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$760k (278%)
Spain$584k (86.6%)
Canada$430k (471%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Philippines WERE (2021 - 2022):
Indonesia-$2.73M (-72.9%)
Chinese Taipei-$2.44M (-98.3%)
Vietnam-$819k (-23.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Other Iron Products were:
China $18.4B
Germany $6.21B
United States $5.56B
In 2022, Philippines's main importing competitors in Other Iron Products were:
United States $8.99B
Germany $7.58B
Mexico $3.93B

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.06M
TOP IMPORT POTENTIALChina+ $40.6M

Other Iron Products’s highest export potential is United States. With an export gap of $9.06M.   Other Iron Products’s highest import potential is China with an import gap of $40.6M.

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