Copper ores and concentrates in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $800M in Copper ores and concentrates, making it the 21st largest exporter of Copper ores and concentrates in the world. At the same year, Copper ores and concentrates was the 18th most exported product in Philippines. The main destination of Copper ores and concentrates exports from Philippines are: South Korea ($254M), Singapore ($203M), China ($172M), Japan ($171M), and Malaysia ($146k).

The fastest growing export markets for Copper ores and concentrates of Philippines between 2021 and 2022 were South Korea ($195M), Singapore ($127M), and China ($23.6M).

Imports In 2022, Philippines imported $1.42B in Copper ores and concentrates, becoming the 9th largest importer of Copper ores and concentrates in the world. At the same year, Copper ores and concentrates was the 9th most imported product in Philippines. Philippines imports Copper ores and concentrates primarily from: Australia ($633M), Indonesia ($412M), Panama ($80.1M), United States ($67.6M), and Peru ($62.1M).

COMPANIES In 2023, leading companies such as Del Monte Foods (741), Yokohama Industries (278), and ABB Motors and Mechanical (197) were at the forefront of shipping Copper ores and concentrates from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Copper ores and concentrates exports accounted up to $207M and imports accounted up to $28.7M, resulting in a positive trade balance of $179M. Between June 2023 and June 2024 the exports of Philippines' Copper ores and concentrates have increased by $114M (121%) from $93.6M to $207M, while imports decreased by $-336M (-92.1%) from $364M to $28.7M.

Destinations In June 2024, Copper ores and concentrates were exported mostly to China ($207M) and India ($3k), and were imported mostly from Peru ($28.3M), Germany ($262k), and Chinese Taipei ($112k).

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

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$114M(121%)

IMPORT GROWTH (June 2023 - June 2024)$-336M(-92.1%)

MAIN DESTINATION (June 2024)China$207M

This section shows Copper ores and concentrates'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 ores and concentrates over time.

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