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2022
Exports $5.38MWorld Rnk 65 / 187
Flag Rnk 406 / 1127
2022
Destination $478k India
2021 - 2022
FASTEST GROWING MARKET $478kPapua New Guinea
2022
PRODUCT COMPLEXITY IN Small Iron Containers-0.092Rnk 578 / 1025
2022
Imports $34.3MWorld Rnk 46 / 221
Flag Rnk 464 / 1201
2022
Origin $749k China
2021 - 2022
FASTEST GROWING ORIGIN $749kChinese Taipei
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $5.38M in Small Iron Containers, making it the 65th largest exporter of Small Iron Containers in the world. At the same year, Small Iron Containers was the 406th most exported product in Philippines. The main destination of Small Iron Containers exports from Philippines are: India ($1.17M), Papua New Guinea ($978k), Ghana ($892k), Australia ($482k), and Mexico ($352k).

The fastest growing export markets for Small Iron Containers of Philippines between 2021 and 2022 were Papua New Guinea ($478k), South Korea ($338k), and Singapore ($291k).

Imports In 2022, Philippines imported $34.3M in Small Iron Containers, becoming the 46th largest importer of Small Iron Containers in the world. At the same year, Small Iron Containers was the 464th most imported product in Philippines. Philippines imports Small Iron Containers primarily from: China ($11.6M), Thailand ($10.3M), Chinese Taipei ($3.87M), Jordan ($1.48M), and India ($1.26M).

The fastest growing import markets in Small Iron Containers for Philippines between 2021 and 2022 were Chinese Taipei ($749k), Italy ($528k), and India ($484k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Small Iron Containers exports accounted up to $948k and imports accounted up to $982k, resulting in a negative trade balance of $34k. Between June 2023 and June 2024 the exports of Philippines'   Small Iron Containers have increased by $399k (72.8%) from $548k to $948k, while imports decreased by $-1.89M (-65.8%) from $2.87M to $982k.

Destinations In June 2024, Small Iron Containers were exported mostly to Thailand ($720k), Ghana ($106k), United Kingdom ($72k), Vietnam ($28.2k), and Papua New Guinea ($11.1k), and were imported mostly from Thailand ($217k), Chinese Taipei ($213k), South Korea ($158k), Japan ($137k), and Australia ($88.4k).

Growth In June 2024, the increase in Small Iron Containers's year-by-year exports was explained primarily by an increase in exports to China ($25.2k or 233%). In June 2024, the decrease in Small Iron Containers's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-29.4k or -46.3%) and Belgium ($-2.06k or -72.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$399k(72.8%)
IMPORT GROWTH (June 2023 - June 2024)$-1.89M(-65.8%)
MAIN DESTINATION (June 2024)Thailand$720k

This section shows Small Iron Containers'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 Small Iron Containers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.38M
IMPORTS (2022)$34.3M
NET TRADE (2022)-$28.9M

In 2022, Philippines exported $5.38M in Small Iron Containers. The main destinations of Philippines exports on Small Iron Containers were India ($1.17M), Papua New Guinea ($978k), Ghana ($892k), Australia ($482k), and Mexico ($352k).

In 2022, Philippines imported $34.3M in Small Iron Containers, mainly from China ($11.6M), Thailand ($10.3M), Chinese Taipei ($3.87M), Jordan ($1.48M), and India ($1.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Small Iron Containers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Papua New Guinea$478k (95.6%)
South Korea$338k (96.6k%)
Singapore$291k (1.91k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Small Iron Containers BY Philippines WERE (2021 - 2022):
Australia-$1.14M (-70.3%)
Ghana-$289k (-24.5%)
Indonesia-$103k (-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 Small Iron Containers were:
China $1.34B
United States $820M
Germany $735M
In 2022, Philippines's main importing competitors in Small Iron Containers were:
Germany $628M
United States $610M
France $566M

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Trade Value of Small Iron Containers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $365k
TOP IMPORT POTENTIALChina+ $3.88M

Small Iron Containers’s highest export potential is India. With an export gap of $365k.   Small Iron Containers’s highest import potential is China with an import gap of $3.88M.

See methodology.

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