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Where does the Philippines get its steel? Import sources 2024

In 2024, the Philippines imported $3.8 billion of steel (5.9 million tonnes), 1.1% of the world total. China sold 59% of the total, followed by Japan (13%) and Indonesia (10%). The Philippines was the world’s 27th-largest importer of steel.

Summary

Value
$3.8billion
Tonnes
5.9million tonnes
Share of world total
1.1%
World rank
27th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China2.2Tonnes: 3,585,455USD per tonne: $62058.8%Sea
Japan0.48Tonnes: 537,518USD per tonne: $90212.8%Sea
Indonesia0.37Tonnes: 767,361USD per tonne: $4869.9%Sea
Malaysia0.16Tonnes: 202,994USD per tonne: $7884.2%Sea
South Korea0.11Tonnes: 128,104USD per tonne: $8863%Sea
Kazakhstan0.1Tonnes: 203,917USD per tonne: $5122.8%Sea
Vietnam0.1Tonnes: 177,174USD per tonne: $5532.6%Sea
Taiwan0.09Tonnes: 93,880USD per tonne: $9482.4%Sea
Thailand0.06Tonnes: 83,400USD per tonne: $7061.6%Sea
Russia0.03Tonnes: 50,722USD per tonne: $5120.69%Sea
United States0.01Tonnes: 3,399USD per tonne: $3,0200.27%Sea
India0.01Tonnes: 4,299USD per tonne: $2,3310.27%Sea
Singapore re-exports0.01Tonnes: 1,258USD per tonne: $4,6770.16%Sea
Germany< 0.01Tonnes: 3,538USD per tonne: $1,2550.12%Sea
Belgium re-exports< 0.01Tonnes: 3,003USD per tonne: $1,3860.11%Sea
Netherlands re-exports< 0.01Tonnes: 2,670USD per tonne: $1,2310.09%Sea
Australia< 0.01Tonnes: 1,510USD per tonne: $1,2810.05%Sea
Spain< 0.01Tonnes: 753USD per tonne: $1,5560.03%Sea
South Africa< 0.01Tonnes: 465USD per tonne: $1,9630.02%Sea
Austria< 0.01Tonnes: 219USD per tonne: $3,3060.02%Sea

Trend

Who it buys from

China has been its main source since 2013

Value in USD billions. The five largest sources in 2024.

  • China 2.2
  • Japan 0.48
  • Indonesia 0.37
  • Malaysia 0.16
  • South Korea 0.11

Source: CEPII BACI

Show the numbers
Partner19952024
China0.082.2
Japan0.250.48
Indonesia0.010.37
Malaysia< 0.010.16
South Korea0.110.11

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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