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Pricing

2022
Exports $2.06MWorld Rnk 68 / 178
Flag Rnk 527 / 1127
2022
Destination $1.55M Thailand
2021 - 2022
FASTEST GROWING MARKET $1.55MThailand
2022
PRODUCT COMPLEXITY IN Large Iron Containers0.13Rnk 509 / 1025
2022
Imports $30.9MWorld Rnk 38 / 220
Flag Rnk 488 / 1201
2022
Origin $11.9M China
2021 - 2022
FASTEST GROWING ORIGIN $11.9MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $2.06M in Large Iron Containers, making it the 68th largest exporter of Large Iron Containers in the world. At the same year, Large Iron Containers was the 527th most exported product in Philippines. The main destination of Large Iron Containers exports from Philippines are: Thailand ($1.65M), Malaysia ($133k), Indonesia ($112k), Japan ($79.9k), and Chinese Taipei ($18.7k).

The fastest growing export markets for Large Iron Containers of Philippines between 2021 and 2022 were Thailand ($1.55M), Uzbekistan ($10.8k), and United Kingdom ($7.38k).

Imports In 2022, Philippines imported $30.9M in Large Iron Containers, becoming the 38th largest importer of Large Iron Containers in the world. At the same year, Large Iron Containers was the 488th most imported product in Philippines. Philippines imports Large Iron Containers primarily from: China ($20.1M), Spain ($2.72M), United States ($1.92M), Thailand ($1.84M), and Australia ($1.07M).

The fastest growing import markets in Large Iron Containers for Philippines between 2021 and 2022 were China ($11.9M), Thailand ($1.69M), and Spain ($1.67M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Large Iron Containers exports accounted up to $332k and imports accounted up to $49.4k, resulting in a positive trade balance of $283k. Between June 2023 and June 2024 the exports of Philippines'   Large Iron Containers have decreased by $-106k (-24.2%) from $438k to $332k, while imports decreased by $-814k (-94.3%) from $864k to $49.4k.

Destinations In June 2024, Large Iron Containers were exported mostly to Thailand ($210k), South Korea ($90.8k), Australia ($24k), and China ($7.32k), and were imported mostly from United Kingdom ($12.6k), Germany ($12.6k), Japan ($10.3k), Chinese Taipei ($9.41k), and United States ($4.03k).

Growth In June 2024, the decrease in Large Iron Containers's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-15.4k or -13.8%). In June 2024, the decrease in Large Iron Containers's year-by-year imports was explained primarily by a decrease in imports from China ($-909k or -51%), Italy ($-106k or -99.1%), and Thailand ($-34.8k or -78.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-106k(-24.2%)
IMPORT GROWTH (June 2023 - June 2024)$-814k(-94.3%)
MAIN DESTINATION (June 2024)Thailand$210k

This section shows Large 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 Large Iron Containers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.06M
IMPORTS (2022)$30.9M
NET TRADE (2022)-$28.8M

In 2022, Philippines exported $2.06M in Large Iron Containers. The main destinations of Philippines exports on Large Iron Containers were Thailand ($1.65M), Malaysia ($133k), Indonesia ($112k), Japan ($79.9k), and Chinese Taipei ($18.7k).

In 2022, Philippines imported $30.9M in Large Iron Containers, mainly from China ($20.1M), Spain ($2.72M), United States ($1.92M), Thailand ($1.84M), and Australia ($1.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Iron Containers EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Thailand$1.55M (1.63k%)
Uzbekistan$10.8k (1%)
United Kingdom$7.38k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Iron Containers BY Philippines WERE (2021 - 2022):
Australia-$1.53M (-100%)
South Korea-$1.08M (-100%)
Japan-$726k (-90.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Large Iron Containers were:
China $756M
Germany $353M
Italy $353M
In 2022, Philippines's main importing competitors in Large Iron Containers were:
United States $526M
Germany $342M
France $215M

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Trade Value of Large Iron Containers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $46.5k
TOP IMPORT POTENTIALSouth Korea+ $871k

Large Iron Containers’s highest export potential is Japan. With an export gap of $46.5k.   Large Iron Containers’s highest import potential is South Korea with an import gap of $871k.

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