2019
Exports
$32kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2019
Imports
$351kWorld Rnk 63 / 144
Flag Rnk 1081 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Imports In 2022, Philippines imported $351k in Iron Reductions, becoming the 63rd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1081st most imported product in Philippines. Philippines imports Iron Reductions primarily from: China ($316k), Chinese Taipei ($25.6k), South Korea ($7.91k), Japan ($1.19k), and Singapore ($60).

The fastest growing import markets in Iron Reductions for Philippines between 2021 and 2022 were China ($95.1k), Chinese Taipei ($21.9k), and Japan ($1.19k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Reductions. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2019)$32k
IMPORTS (2022)$351k
NET TRADE (2022)-$351k

In 2022, Philippines imported $351k in Iron Reductions, mainly from China ($316k), Chinese Taipei ($25.6k), South Korea ($7.91k), Japan ($1.19k), and Singapore ($60).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Iron Reductions were:
In 2022, Philippines's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $551
TOP IMPORT POTENTIALChina+ $22.7k

Iron Reductions’s highest export potential is China. With an export gap of $551.   Iron Reductions’s highest import potential is China with an import gap of $22.7k.

See methodology.

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