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2022
Exports $9.83BWorld Rnk 22 / 220
Flag Rnk 2 / 21
2022
Destination $3.42B Switzerland
2021 - 2022
FASTEST GROWING MARKET $3.42BUnited Kingdom
2022
PRODUCT COMPLEXITY IN Precious Metals0.58Rnk 328 / 1025
2022
Imports $450MWorld Rnk 56 / 225
Flag Rnk 19 / 21
2022
Origin $9.73M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $9.73MIreland
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $9.83B in Precious Metals, making it the 22nd largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 2nd most exported product in Philippines. The main destination of Precious Metals exports from Philippines are: Switzerland ($3.81B), United Kingdom ($3.42B), Hong Kong ($1.14B), United Arab Emirates ($931M), and India ($140M).

The fastest growing export markets for Precious Metals of Philippines between 2021 and 2022 were United Kingdom ($3.42B), Switzerland ($3.09B), and United Arab Emirates ($920M).

Imports In 2022, Philippines imported $450M in Precious Metals, becoming the 56th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 19th most imported product in Philippines. Philippines imports Precious Metals primarily from: South Korea ($139M), Singapore ($94.9M), Japan ($45M), China ($42M), and Canada ($40.3M).

The fastest growing import markets in Precious Metals for Philippines between 2021 and 2022 were Ireland ($9.73M), South Korea ($7.29M), and Spain ($4.84M).

COMPANIES In 2023, leading companies such as Bedrosians Tile & Stone (20), Del Monte Foods (8), and Euromarket Designs (1) were at the forefront of shipping Precious Metals from Philippines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Precious Metals exports accounted up to $109M and imports accounted up to $13.3M, resulting in a positive trade balance of $96.2M. Between June 2023 and June 2024 the exports of Philippines'   Precious Metals have increased by $17.5M (19%) from $91.9M to $109M, while imports decreased by $-2.53M (-16%) from $15.8M to $13.3M.

Destinations In June 2024, Precious Metals were exported mostly to Hong Kong ($62.5M), Switzerland ($34.6M), India ($6.15M), Japan ($3.12M), and Luxembourg ($930k), and were imported mostly from Singapore ($5.71M), Italy ($2.49M), United States ($2.05M), Spain ($756k), and South Korea ($748k).

Growth In June 2024, the increase in Precious Metals's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($14.3M or 46.1%), Switzerland ($10.4M or 26.1%), and Chinese Taipei ($2.2M or 459k%). In June 2024, the decrease in Precious Metals's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-1.96M or -35.4%), Hong Kong ($-75.9k or -45.6%), and Germany ($-44.1k or -57.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$17.5M(19%)
IMPORT GROWTH (June 2023 - June 2024)$-2.53M(-16%)
MAIN DESTINATION (June 2024)Hong Kong$62.5M

This section shows Precious 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 Precious Metals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.83B
IMPORTS (2022)$450M
NET TRADE (2022)$9.38B

In 2022, Philippines exported $9.83B in Precious Metals. The main destinations of Philippines exports on Precious Metals were Switzerland ($3.81B), United Kingdom ($3.42B), Hong Kong ($1.14B), United Arab Emirates ($931M), and India ($140M).

In 2022, Philippines imported $450M in Precious Metals, mainly from South Korea ($139M), Singapore ($94.9M), Japan ($45M), China ($42M), and Canada ($40.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United Kingdom$3.42B (75.2k%)
Switzerland$3.09B (428%)
United Arab Emirates$920M (8.38k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Philippines WERE (2021 - 2022):
India-$59.7M (-30%)
Japan-$29.7M (-32.3%)
Israel-$15.5M (-99.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Precious Metals were:
Switzerland $120B
United States $78.4B
United Arab Emirates $61.8B
In 2022, Philippines's main importing competitors in Precious Metals were:
Switzerland $115B
United Arab Emirates $87.9B
China $87.8B

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $194M
TOP IMPORT POTENTIALChina+ $18.7M

Precious Metals’s highest export potential is India. With an export gap of $194M.   Precious Metals’s highest import potential is China with an import gap of $18.7M.

See methodology.

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