Philippines | Imports and Exports | World | Other Iron Products | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 7326 "Other articles of iron or steel" from Philippines totalled $ 78 million in 2023. Sales of commodity group 7326 from Philippines went up by 161% compared to 2022: exports of commodity group 7326 "Other articles of iron or steel" went up by $ 48 million (cumulative exports of commodity group 7326 from Philippines amounted $29 million in 2022)
Exports of commodity group 7326 "Other articles of iron or steel" amounted to 0.107% of total exports from Philippines (cumulative merchandise exports from Philippines totalled $ 72 billion in 2023). The share of commodity group 7326 in total exports from Philippines increased by 0.069 p.p. compared to 2022 (it was 0.037% in 2022 and cumulative exports from Philippines were equal to $ 78 billion).
Exports of commodity group 7326 amounted to 23% of total sales of group "" from Philippines in 2023 (the value of exports of commodity group from Philippines amounted to $334 million in 2023). The share of exports of commodity group 7326 in sales of commodity group from Philippines increased by 16 p.p. compared to 2022 (it was 7.29% in 2022, and exports of commodity group from Philippines were $408 million).
Where does Philippines export Other articles of iron or steel?
Top export destinations of "Other articles of iron or steel" from Philippines in 2023:
- Japan with a share of 56% (44 million US$)
- Vietnam with a share of 9.48% (7.4 million US$)
- Thailand with a share of 8.78% (6.85 million US$)
- Indonesia with a share of 5.58% (4.36 million US$)
- USA with a share of 3.72% (2.9 million US$)
- China with a share of 3.48% (2.72 million US$)
- Mexico with a share of 2.51% (1.96 million US$)
- Australia with a share of 2.11% (1.65 million US$)
- Hungary - 744 thousand US$
- Hong Kong - 696 thousand US$
Exports structure of 7326 - Other articles of iron or steel - from Philippines in 2023 represented by the following main commodity groups:
- 92% (71 million US$): 732690 - Articles of iron/steel, n.e.s.
- 5.83% (4.55 million US$): 732619 - Articles of iron/steel, forged/stamped but not furth. wkd., n.e.s. in item no. 7326.11
- 2.08% (1.62 million US$): 732620 - Articles of iron/steel wire
- 0.004% (3.58 thousand US$): 732611 - Grinding balls & sim. arts. for mills, of iron/steel, forged/stamped but not furth. wkd.
The value of imports of commodity group 7326 "Other articles of iron or steel" to Philippines totalled $ 372 million in 2023. Sales of commodity group 7326 to Philippines went up by 9.45% compared to 2022: imports of commodity group 7326 "Other articles of iron or steel" went up by $ 32 million (the value of imports of commodity group 7326 to Philippines was equal to $340 million in 2022)
Imports of commodity group 7326 "Other articles of iron or steel" accounted for 0.278% of total import flow to Philippines (in 2023, total imports to Philippines amounted to $ 133 billion). The share of commodity group 7326 in total imports to Philippines increased by 0.045 p.p. compared to 2022 (it was 0.233% in 2022 and cumulative imports to Philippines were equal to $ 145 billion).
Imports of commodity group 7326 reached 14.7% of total imports of group "" to Philippines in 2023 (imports of commodity group to Philippines totalled $2.52 billion in 2023). The share of purchases of commodity group 7326 in total imports of commodity group to Philippines increased by 1.64 p.p. compared to 2022 (it was 13.1% in 2022, and imports of commodity group to Philippines accounted for $2.59 billion).
Where does Philippines import Other articles of iron or steel from?
Top trading partners (import of "Other articles of iron or steel") of Philippines in 2023:
- China with a share of 49% (183 million US$)
- Japan with a share of 19.8% (73 million US$)
- USA with a share of 5.65% (21 million US$)
- Thailand with a share of 3.94% (14.6 million US$)
- Korea with a share of 2.99% (11.1 million US$)
- Germany with a share of 2.87% (10.7 million US$)
- Malaysia with a share of 1.96% (7.31 million US$)
- Singapore with a share of 1.91% (7.13 million US$)
- Other Asia, nes with a share of 1.65% (6.16 million US$)
- Hong Kong with a share of 1.62% (6.05 million US$)
Imports structure of 7326 - Other articles of iron or steel - to Philippines in 2023 represented by the following main commodity groups:
- 85% (318 million US$): 732690 - Articles of iron/steel, n.e.s.
- 6.68% (24 million US$): 732620 - Articles of iron/steel wire
- 4.63% (17.2 million US$): 732619 - Articles of iron/steel, forged/stamped but not furth. wkd., n.e.s. in item no. 7326.11
- 3.12% (11.6 million US$): 732611 - Grinding balls & sim. arts. for mills, of iron/steel, forged/stamped but not furth. wkd.
