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2022
Exports $3.48MWorld Rnk 82 / 165
Flag Rnk 447 / 1127
2022
Destination $1.1M Papua New Guinea
2021 - 2022
FASTEST GROWING MARKET $1.1MUnited States
2022
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron0.04Rnk 538 / 1025
2022
Imports $1.5BWorld Rnk 10 / 218
Flag Rnk 14 / 1201
2022
Origin $126M China
2021 - 2022
FASTEST GROWING ORIGIN $126MJapan
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.48M in Coated Flat-Rolled Iron, making it the 82nd largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 447th most exported product in Philippines. The main destination of Coated Flat-Rolled Iron exports from Philippines are: Papua New Guinea ($1.29M), United States ($1.1M), Singapore ($447k), Vietnam ($305k), and Malaysia ($184k).

The fastest growing export markets for Coated Flat-Rolled Iron of Philippines between 2021 and 2022 were United States ($1.1M), Vietnam ($215k), and Malaysia ($184k).

Imports In 2022, Philippines imported $1.5B in Coated Flat-Rolled Iron, becoming the 10th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 14th most imported product in Philippines. Philippines imports Coated Flat-Rolled Iron primarily from: China ($1.02B), Japan ($331M), South Korea ($83.6M), Vietnam ($32.5M), and Chinese Taipei ($20.6M).

The fastest growing import markets in Coated Flat-Rolled Iron for Philippines between 2021 and 2022 were Japan ($126M), Vietnam ($12.7M), and South Korea ($2.93M).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Coated Flat-Rolled Iron exports accounted up to $497k and imports accounted up to $106M, resulting in a negative trade balance of $105M. Between August 2023 and August 2024 the exports of Philippines'   Coated Flat-Rolled Iron have increased by $295k (146%) from $202k to $497k, while imports increased by $33.6M (46.7%) from $72M to $106M.

Destinations In August 2024, Coated Flat-Rolled Iron were exported mostly to United States ($290k), Malaysia ($153k), Thailand ($32.5k), Singapore ($14.3k), and Palau ($7.74k), and were imported mostly from China ($75.4M), Japan ($22M), South Korea ($5.63M), Netherlands ($767k), and Chinese Taipei ($707k).

Growth In August 2024, the increase in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Singapore ($2.14k or 6.29%). In August 2024, the increase in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from Japan ($15.2M or 71.7%), China ($5.04M or 10.2%), and South Korea ($4.52M or 123%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$295k(146%)
IMPORT GROWTH (August 2023 - August 2024)$33.6M(46.7%)
MAIN DESTINATION (August 2024)United States$290k

This section shows Coated Flat-Rolled 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 Coated Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.48M
IMPORTS (2022)$1.5B
NET TRADE (2022)-$1.5B

In 2022, Philippines exported $3.48M in Coated Flat-Rolled Iron. The main destinations of Philippines exports on Coated Flat-Rolled Iron were Papua New Guinea ($1.29M), United States ($1.1M), Singapore ($447k), Vietnam ($305k), and Malaysia ($184k).

In 2022, Philippines imported $1.5B in Coated Flat-Rolled Iron, mainly from China ($1.02B), Japan ($331M), South Korea ($83.6M), Vietnam ($32.5M), and Chinese Taipei ($20.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$1.1M (878k%)
Vietnam$215k (240%)
Malaysia$184k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY Philippines WERE (2021 - 2022):
Papua New Guinea-$469k (-26.7%)
Cambodia-$62.7k (-100%)
China-$29.7k (-92.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Coated Flat-Rolled Iron were:
China $18B
South Korea $7.45B
Germany $4.59B
In 2022, Philippines's main importing competitors in Coated Flat-Rolled Iron were:
United States $7.12B
Germany $3.93B
Poland $3.01B

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Trade Value of Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $226k
TOP IMPORT POTENTIALSouth Korea+ $45.6M

Coated Flat-Rolled Iron’s highest export potential is Vietnam. With an export gap of $226k.   Coated Flat-Rolled Iron’s highest import potential is South Korea with an import gap of $45.6M.

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