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2023
Exports $2.01BWorld Rnk 1 / 64
Flag Rnk 7 / 1123
2023
Destination $771M China
2022 - 2023
FASTEST GROWING MARKET $771MChina
2023
PRODUCT COMPLEXITY IN Nickel Ore-1.64Rnk 964 / 1025
2023
Imports $1.31MWorld Rnk 22 / 78
Flag Rnk 959 / 1202
2023
Origin $327k Slovakia
2022 - 2023
FASTEST GROWING ORIGIN $327kSlovakia
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $2.01B in Nickel Ore, making it the 1st largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 7th most exported product in Philippines. The main destination of Nickel Ore exports from Philippines are: China ($1.98B), Japan ($18.6M), Indonesia ($15.8M), and South Korea ($4.29M).

The fastest growing export markets for Nickel Ore of Philippines between 2022 and 2023 were China ($771M) and Indonesia ($15.8M).

Imports In 2023, Philippines imported $1.31M in Nickel Ore, becoming the 22nd largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 959th most imported product in Philippines. Philippines imports Nickel Ore primarily from: Slovakia ($675k), Germany ($558k), Brazil ($67.3k), and Poland ($7.66k).

The fastest growing import markets in Nickel Ore for Philippines between 2022 and 2023 were Slovakia ($327k), Brazil ($67.3k), and Germany ($41.7k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Nickel Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.01B
IMPORTS (2023)$1.31M
NET TRADE (2023)$2.01B

In 2023, Philippines exported $2.01B in Nickel Ore. The main destinations of Philippines exports on Nickel Ore were China ($1.98B), Japan ($18.6M), Indonesia ($15.8M), and South Korea ($4.29M).

In 2023, Philippines imported $1.31M in Nickel Ore, mainly from Slovakia ($675k), Germany ($558k), Brazil ($67.3k), and Poland ($7.66k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$771M (64%)
Indonesia$15.8M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY Philippines WERE (2022 - 2023):
Japan-$59.6M (-76.2%)
South Korea-$7.2M (-62.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Nickel Ore were:
New Caledonia $408M
Australia $398M
In 2023, Philippines's main importing competitors in Nickel Ore were:
China $3.3B
Canada $889M
Finland $232M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $3.58M
TOP IMPORT POTENTIALZambia+ $1.7k

Nickel Ore’s highest export potential is South Korea. With an export gap of $3.58M.   Nickel Ore’s highest import potential is Zambia with an import gap of $1.7k.

See methodology.

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