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2023
Exports $600MWorld Rnk 20 / 111
Flag Rnk 27 / 1123
2023
Destination $85.6M China
2022 - 2023
FASTEST GROWING MARKET $85.6MIndia
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $3.23BWorld Rnk 4 / 102
Flag Rnk 6 / 1202
2023
Origin $1.15B Australia
2022 - 2023
FASTEST GROWING ORIGIN $1.15BAustralia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $600M in Copper Ore, making it the 20th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 27th most exported product in Philippines. The main destination of Copper Ore exports from Philippines are: China ($313M), Japan ($135M), India ($85.6M), South Korea ($65.3M), and Singapore ($1.4M).

The fastest growing export markets for Copper Ore of Philippines between 2022 and 2023 were India ($85.6M), China ($19.4M), and Indonesia ($17.7k).

Imports In 2023, Philippines imported $3.23B in Copper Ore, becoming the 4th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 6th most imported product in Philippines. Philippines imports Copper Ore primarily from: Australia ($1.84B), Indonesia ($658M), Papua New Guinea ($145M), Canada ($143M), and Mexico ($121M).

The fastest growing import markets in Copper Ore for Philippines between 2022 and 2023 were Australia ($1.15B), Indonesia ($356M), and Papua New Guinea ($145M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Copper Ore exports accounted up to $139M and imports accounted up to $180M, resulting in a negative trade balance of $40.8M. Between July 2023 and July 2024 the exports of Philippines'   Copper Ore have increased by $116M (492%) from $23.5M to $139M, while imports increased by $1.5M (0.84%) from $179M to $180M.

Destinations In July 2024, Copper Ore were exported mostly to China ($139M) and South Korea ($15.3k), and were imported mostly from Australia ($76.5M), Mexico ($28.9M), Canada ($26.3M), China ($26.1M), and Romania ($22.4M).

Growth In July 2024, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to China ($33.2M or 30.9k%). In July 2024, the increase in Copper Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$116M(492%)
IMPORT GROWTH (July 2023 - July 2024)$1.5M(0.84%)
MAIN DESTINATION (July 2024)China$139M

This section shows Copper Ore'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 Copper Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$600M
IMPORTS (2023)$3.23B
NET TRADE (2023)-$2.63B

In 2023, Philippines exported $600M in Copper Ore. The main destinations of Philippines exports on Copper Ore were China ($313M), Japan ($135M), India ($85.6M), South Korea ($65.3M), and Singapore ($1.4M).

In 2023, Philippines imported $3.23B in Copper Ore, mainly from Australia ($1.84B), Indonesia ($658M), Papua New Guinea ($145M), Canada ($143M), and Mexico ($121M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
India$85.6M (1%)
China$19.4M (6.6%)
Indonesia$17.7k (50.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Philippines WERE (2022 - 2023):
South Korea-$228M (-77.8%)
Singapore-$201M (-99.3%)
Japan-$47.4M (-26.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
Indonesia $8.55B
In 2023, Philippines's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $202M
TOP IMPORT POTENTIALChile+ $24.5M

Copper Ore’s highest export potential is China. With an export gap of $202M.   Copper Ore’s highest import potential is Chile with an import gap of $24.5M.

See methodology.

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