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2022
Exports $2.04MWorld Rnk 63 / 195
Flag Rnk 529 / 1127
2022
Destination $187k China
2021 - 2022
FASTEST GROWING MARKET $187kChina
2022
PRODUCT COMPLEXITY IN Iron Gas Containers-0.017Rnk 552 / 1025
2022
Imports $47.9MWorld Rnk 26 / 217
Flag Rnk 392 / 1201
2022
Origin $2.44M China
2021 - 2022
FASTEST GROWING ORIGIN $2.44MVietnam
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.04M in Iron Gas Containers, making it the 63rd largest exporter of Iron Gas Containers in the world. At the same year, Iron Gas Containers was the 529th most exported product in Philippines. The main destination of Iron Gas Containers exports from Philippines are: China ($798k), India ($235k), Malaysia ($225k), Singapore ($173k), and United States ($159k).

The fastest growing export markets for Iron Gas Containers of Philippines between 2021 and 2022 were China ($187k), India ($169k), and Malaysia ($157k).

Imports In 2022, Philippines imported $47.9M in Iron Gas Containers, becoming the 26th largest importer of Iron Gas Containers in the world. At the same year, Iron Gas Containers was the 392nd most imported product in Philippines. Philippines imports Iron Gas Containers primarily from: China ($35.7M), Thailand ($5.17M), Vietnam ($2.44M), India ($1.29M), and United States ($815k).

The fastest growing import markets in Iron Gas Containers for Philippines between 2021 and 2022 were Vietnam ($2.44M), India ($1.06M), and Thailand ($629k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Iron Gas Containers exports accounted up to $654k and imports accounted up to $317k, resulting in a positive trade balance of $337k. Between June 2023 and June 2024 the exports of Philippines'   Iron Gas Containers have decreased by $-430k (-39.7%) from $1.08M to $654k, while imports decreased by $-2.55M (-89%) from $2.87M to $317k.

Destinations In June 2024, Iron Gas Containers were exported mostly to Thailand ($411k), Malaysia ($116k), Vietnam ($57.5k), China ($35.2k), and Singapore ($22.6k), and were imported mostly from United States ($139k), India ($63k), Singapore ($49k), Japan ($36.7k), and Spain ($15.8k).

Growth In June 2024, the decrease in Iron Gas Containers's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Iron Gas Containers's year-by-year imports was explained primarily by a decrease in imports from China ($-821k or -39%), Japan ($-66.8k or -98%), and Germany ($-8.24k or -71.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-430k(-39.7%)
IMPORT GROWTH (June 2023 - June 2024)$-2.55M(-89%)
MAIN DESTINATION (June 2024)Thailand$411k

This section shows Iron Gas 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 Iron Gas Containers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.04M
IMPORTS (2022)$47.9M
NET TRADE (2022)-$45.8M

In 2022, Philippines exported $2.04M in Iron Gas Containers. The main destinations of Philippines exports on Iron Gas Containers were China ($798k), India ($235k), Malaysia ($225k), Singapore ($173k), and United States ($159k).

In 2022, Philippines imported $47.9M in Iron Gas Containers, mainly from China ($35.7M), Thailand ($5.17M), Vietnam ($2.44M), India ($1.29M), and United States ($815k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Gas Containers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$187k (30.6%)
India$169k (254%)
Malaysia$157k (233%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Gas Containers BY Philippines WERE (2021 - 2022):
Indonesia-$2.17M (-99.8%)
South Korea-$726k (-91.5%)
United States-$555k (-77.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Iron Gas Containers were:
China $1.11B
United States $380M
Turkey $289M
In 2022, Philippines's main importing competitors in Iron Gas Containers were:
United States $658M
Germany $335M
Canada $200M

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Trade Value of Iron Gas Containers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $189k
TOP IMPORT POTENTIALIndia+ $1.41M

Iron Gas Containers’s highest export potential is India. With an export gap of $189k.   Iron Gas Containers’s highest import potential is India with an import gap of $1.41M.

See methodology.

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