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2022
Exports $3.28MWorld Rnk 81 / 129
Flag Rnk 454 / 1127
2022
Destination $911k Vietnam
2021 - 2022
FASTEST GROWING MARKET $911kVietnam
2022
PRODUCT COMPLEXITY IN Ferroalloys-1.24Rnk 892 / 1025
2022
Imports $43.6MWorld Rnk 53 / 172
Flag Rnk 405 / 1201
2022
Origin $2.81M India
2021 - 2022
FASTEST GROWING ORIGIN $2.81MIndonesia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.28M in Ferroalloys, making it the 81st largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 454th most exported product in Philippines. The main destination of Ferroalloys exports from Philippines are: Vietnam ($3.02M), China ($123k), Japan ($60k), India ($42.2k), and Chinese Taipei ($31.4k).

The fastest growing export markets for Ferroalloys of Philippines between 2021 and 2022 were Vietnam ($911k), China ($70.9k), and India ($42.2k).

Imports In 2022, Philippines imported $43.6M in Ferroalloys, becoming the 53rd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 405th most imported product in Philippines. Philippines imports Ferroalloys primarily from: India ($23.3M), China ($8.33M), South Korea ($3.42M), Indonesia ($3.12M), and Malaysia ($2.63M).

The fastest growing import markets in Ferroalloys for Philippines between 2021 and 2022 were Indonesia ($2.81M), China ($2.68M), and South Korea ($2.35M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Ferroalloys exports accounted up to $59.4k and imports accounted up to $265k, resulting in a negative trade balance of $205k. Between June 2023 and June 2024 the exports of Philippines'   Ferroalloys have decreased by $-10.8k (-15.4%) from $70.2k to $59.4k, while imports decreased by $-1.12M (-80.9%) from $1.38M to $265k.

Destinations In June 2024, Ferroalloys were exported mostly to Vietnam ($59.4k), and were imported mostly from South Korea ($130k), Chinese Taipei ($90.3k), India ($35.3k), Japan ($5.76k), and Thailand ($3.35k).

Growth In June 2024, the decrease in Ferroalloys's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Ferroalloys's year-by-year imports was explained primarily by a decrease in imports from India ($-889k or -39.1%), China ($-439k or -62.1%), and Malaysia ($-420k or -96%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-10.8k(-15.4%)
IMPORT GROWTH (June 2023 - June 2024)$-1.12M(-80.9%)
MAIN DESTINATION (June 2024)Vietnam$59.4k

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.28M
IMPORTS (2022)$43.6M
NET TRADE (2022)-$40.3M

In 2022, Philippines exported $3.28M in Ferroalloys. The main destinations of Philippines exports on Ferroalloys were Vietnam ($3.02M), China ($123k), Japan ($60k), India ($42.2k), and Chinese Taipei ($31.4k).

In 2022, Philippines imported $43.6M in Ferroalloys, mainly from India ($23.3M), China ($8.33M), South Korea ($3.42M), Indonesia ($3.12M), and Malaysia ($2.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$911k (43.2%)
China$70.9k (136%)
India$42.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Philippines WERE (2021 - 2022):
Japan-$477k (-88.8%)
Canada-$140 (-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 Ferroalloys were:
Indonesia $13.7B
South Africa $4.4B
Brazil $4.24B
In 2022, Philippines's main importing competitors in Ferroalloys were:
China $19.9B
United States $4.85B
Japan $3.5B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $561k
TOP IMPORT POTENTIALIndia+ $8.36M

Ferroalloys’s highest export potential is China. With an export gap of $561k.   Ferroalloys’s highest import potential is India with an import gap of $8.36M.

See methodology.

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