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2023
Exports $795MWorld Rnk 16 / 166
Flag Rnk 14 / 96
2023
Destination $10.4M Japan
2022 - 2023
FASTEST GROWING MARKET $10.4MBelgium
2023
PRODUCT COMPLEXITY IN Nickel articles1.36Rnk 67 / 1025
2023
Imports $43.8MWorld Rnk 43 / 207
Flag Rnk 80 / 96
2023
Origin $6.13M Japan
2022 - 2023
FASTEST GROWING ORIGIN $6.13MSouth Korea
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $795M in Nickel articles, making it the 16th largest exporter of Nickel articles in the world. At the same year, Nickel articles was the 14th most exported product in Philippines. The main destination of Nickel articles exports from Philippines are: Japan ($783M), Belgium ($10.4M), Malaysia ($475k), South Korea ($342k), and Switzerland ($166k).

The fastest growing export markets for Nickel articles of Philippines between 2022 and 2023 were Belgium ($10.4M), Switzerland ($165k), and Singapore ($74.6k).

Imports In 2023, Philippines imported $43.8M in Nickel articles, becoming the 43rd largest importer of Nickel articles in the world. At the same year, Nickel articles was the 80th most imported product in Philippines. Philippines imports Nickel articles primarily from: Japan ($10.5M), South Korea ($9.96M), China ($3.21M), Belgium ($2.98M), and Finland ($2.45M).

The fastest growing import markets in Nickel articles for Philippines between 2022 and 2023 were South Korea ($6.13M), Japan ($1.02M), and Australia ($666k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Nickel articles exports accounted up to $34.1M and imports accounted up to $1.56M, resulting in a positive trade balance of $32.5M. Between July 2023 and July 2024 the exports of Philippines'   Nickel articles have decreased by $-9.64M (-22%) from $43.7M to $34.1M, while imports decreased by $-467k (-23.1%) from $2.03M to $1.56M.

Destinations In July 2024, Nickel articles were exported mostly to Japan ($34.1M), South Korea ($21.4k), Brazil ($8.1k), Singapore ($300), and United Kingdom ($71), and were imported mostly from South Korea ($425k), Germany ($243k), Chinese Taipei ($185k), China ($183k), and Japan ($166k).

Growth In July 2024, the decrease in Nickel articles's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Nickel articles's year-by-year imports was explained primarily by a decrease in imports from United States ($-366k or -87%), Netherlands ($-121k or -98.7%), and Germany ($-108k or -81.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-9.64M(-22%)
IMPORT GROWTH (July 2023 - July 2024)$-467k(-23.1%)
MAIN DESTINATION (July 2024)Japan$34.1M

This section shows Nickel articles'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 Nickel articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$795M
IMPORTS (2023)$43.8M
NET TRADE (2023)$751M

In 2023, Philippines exported $795M in Nickel articles. The main destinations of Philippines exports on Nickel articles were Japan ($783M), Belgium ($10.4M), Malaysia ($475k), South Korea ($342k), and Switzerland ($166k).

In 2023, Philippines imported $43.8M in Nickel articles, mainly from Japan ($10.5M), South Korea ($9.96M), China ($3.21M), Belgium ($2.98M), and Finland ($2.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nickel articles EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Belgium$10.4M (1%)
Switzerland$165k (16.2k%)
Singapore$74.6k (50.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel articles BY Philippines WERE (2022 - 2023):
Japan-$207M (-20.9%)
Malaysia-$417k (-46.8%)
South Korea-$374k (-52.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Nickel articles were:
Indonesia $7.63B
Canada $4.68B
United States $4.11B
In 2023, Philippines's main importing competitors in Nickel articles were:
China $11.3B
United States $4.54B
Japan $4.13B

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Trade Value of Nickel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.18M
TOP IMPORT POTENTIALUnited States+ $1.56M

Nickel articles’s highest export potential is China. With an export gap of $1.18M.   Nickel articles’s highest import potential is United States with an import gap of $1.56M.

See methodology.

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