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2023
Exports $1.26MWorld Rnk 16 / 73
Flag Rnk 552 / 1123
2023
Destination $105k Japan
2022 - 2023
FASTEST GROWING MARKET $105kFrance
2023
PRODUCT COMPLEXITY IN Platinum Clad Metals-0.52Rnk 712 / 1025
2023
Imports $72.4MWorld Rnk 2 / 101
Flag Rnk 271 / 1202
2023
Origin $297k South Korea
2022 - 2023
FASTEST GROWING ORIGIN $297kHong Kong
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.26M in Platinum Clad Metals, making it the 16th largest exporter of Platinum Clad Metals in the world. At the same year, Platinum Clad Metals was the 552nd most exported product in Philippines. The main destination of Platinum Clad Metals exports from Philippines are: Japan ($1.1M), France ($105k), Singapore ($34.6k), United States ($13.7k), and Hong Kong ($4.37k).

The fastest growing export markets for Platinum Clad Metals of Philippines between 2022 and 2023 were France ($105k), United States ($13.7k), and Hong Kong ($4.37k).

Imports In 2023, Philippines imported $72.4M in Platinum Clad Metals, becoming the 2nd largest importer of Platinum Clad Metals in the world. At the same year, Platinum Clad Metals was the 271st most imported product in Philippines. Philippines imports Platinum Clad Metals primarily from: South Korea ($55.1M), Singapore ($10.5M), China ($4.47M), Hong Kong ($1.36M), and Japan ($880k).

The fastest growing import markets in Platinum Clad Metals for Philippines between 2022 and 2023 were Hong Kong ($297k), Japan ($263k), and Malaysia ($57.6k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Platinum Clad Metals exports accounted up to $412k and imports accounted up to $6.41k, resulting in a positive trade balance of $406k. Between March 2023 and July 2024 the exports of Philippines'   Platinum Clad Metals have increased by $404k (5.35k%) from $7.56k to $412k, while imports decreased by $-89.8k (-93.3%) from $96.2k to $6.41k.

Destinations In July 2024, Platinum Clad Metals were exported mostly to Japan ($412k), and were imported mostly from South Korea ($6.41k).

Growth In July 2024, the increase in Platinum Clad Metals's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Platinum Clad Metals's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - July 2024)$404k(5.35k%)
IMPORT GROWTH (January 2023 - July 2024)$-89.8k(-93.3%)
MAIN DESTINATION (July 2024)Japan$412k

This section shows Platinum Clad Metals'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 Platinum Clad Metals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.26M
IMPORTS (2023)$72.4M
NET TRADE (2023)-$71.2M

In 2023, Philippines exported $1.26M in Platinum Clad Metals. The main destinations of Philippines exports on Platinum Clad Metals were Japan ($1.1M), France ($105k), Singapore ($34.6k), United States ($13.7k), and Hong Kong ($4.37k).

In 2023, Philippines imported $72.4M in Platinum Clad Metals, mainly from South Korea ($55.1M), Singapore ($10.5M), China ($4.47M), Hong Kong ($1.36M), and Japan ($880k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum Clad Metals EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
France$105k (1%)
United States$13.7k (1%)
Hong Kong$4.37k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum Clad Metals BY Philippines WERE (2022 - 2023):
Singapore-$20.9M (-99.8%)
Japan-$3.92M (-78.1%)
Portugal-$188 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Platinum Clad Metals were:
Malaysia $136M
South Korea $55.1M
Singapore $37.9M
In 2023, Philippines's main importing competitors in Platinum Clad Metals were:
Japan $137M
Italy $36.9M

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Trade Value of Platinum Clad Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $3.15k
TOP IMPORT POTENTIALJapan+ $2.27k

Platinum Clad Metals’s highest export potential is Japan. With an export gap of $3.15k.   Platinum Clad Metals’s highest import potential is Japan with an import gap of $2.27k.

See methodology.

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