Refined Copper in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $1.75B in Refined Copper, making it the 15th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 8th most exported product in Philippines. The main destination of Refined Copper exports from Philippines are: China ($821M), Thailand ($457M), Vietnam ($154M), Indonesia ($117M), and Malaysia ($106M).

The fastest growing export markets for Refined Copper of Philippines between 2021 and 2022 were Malaysia ($76.6M), Indonesia ($53M), and Vietnam ($12.7M).

Imports In 2022, Philippines imported $39.8M in Refined Copper, becoming the 50th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 431st most imported product in Philippines. Philippines imports Refined Copper primarily from: Japan ($28.4M), South Korea ($3.98M), Singapore ($3.66M), Spain ($1.05M), and New Zealand ($1.02M).

The fastest growing import markets in Refined Copper for Philippines between 2021 and 2022 were New Zealand ($562k), Japan ($137k), and Thailand ($64.4k).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Refined Copper from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Refined Copper exports accounted up to $168M and imports accounted up to $11.3M, resulting in a positive trade balance of $156M. Between August 2020 and August 2021 the exports of Philippines' Refined Copper have increased by $98.4M (142%) from $69.3M to $168M, while imports increased by $3.84M (51.5%) from $7.46M to $11.3M.

Destinations In August 2021, Refined Copper were exported mostly to China ($116M), Thailand ($27.2M), South Korea ($8.51M), Indonesia ($5.63M), and Malaysia ($5.16M), and were imported mostly from South Korea ($7.07M), Japan ($2.43M), Chinese Taipei ($1.77M), Thailand ($16.7k), and United States ($4.17k).

Growth In August 2021, the increase in Refined Copper's year-by-year exports was explained primarily by an increase in exports to China ($38.9M or 64.1%) and Vietnam ($4.26M or 175%). In August 2021, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from South Korea ($2.28M or 251%), Chinese Taipei ($1.38M or 98.1%), and United States ($6.72k or 608%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$98.4M(142%)

IMPORT GROWTH (August 2020 - August 2021)$3.84M(51.5%)

MAIN DESTINATION (August 2021)China$116M

This section shows Refined Copper'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 Refined Copper over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.75B

IMPORTS (2022)$39.8M

NET TRADE (2022)$1.71B

In 2022, Philippines exported $1.75B in Refined Copper. The main destinations of Philippines exports on Refined Copper were China ($821M), Thailand ($457M), Vietnam ($154M), Indonesia ($117M), and Malaysia ($106M).

In 2022, Philippines imported $39.8M in Refined Copper, mainly from Japan ($28.4M), South Korea ($3.98M), Singapore ($3.66M), Spain ($1.05M), and New Zealand ($1.02M).

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