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2023
Exports $134MWorld Rnk 16 / 105
Flag Rnk 82 / 1123
2023
Destination $63.8M India
2022 - 2023
FASTEST GROWING MARKET $63.8MIndia
2023
PRODUCT COMPLEXITY IN Raw Copper-2.19Rnk 1009 / 1025
2023
Imports $397kWorld Rnk 44 / 153
Flag Rnk 1064 / 1202
2023
Origin $81.9k United States
2022 - 2023
FASTEST GROWING ORIGIN $81.9kJapan
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $134M in Raw Copper, making it the 16th largest exporter of Raw Copper in the world. At the same year, Raw Copper was the 82nd most exported product in Philippines. The main destination of Raw Copper exports from Philippines are: India ($63.8M), Australia ($47.8M), South Korea ($19.1M), China ($3.29M), and Japan ($10.2k).

The fastest growing export markets for Raw Copper of Philippines between 2022 and 2023 were India ($63.8M), South Korea ($18.9M), and Australia ($15.9M).

Imports In 2023, Philippines imported $397k in Raw Copper, becoming the 44th largest importer of Raw Copper in the world. At the same year, Raw Copper was the 1064th most imported product in Philippines. Philippines imports Raw Copper primarily from: United States ($247k), Japan ($83.5k), South Korea ($17.7k), Norway ($17.1k), and United Kingdom ($11.9k).

The fastest growing import markets in Raw Copper for Philippines between 2022 and 2023 were Japan ($81.9k), Norway ($11.3k), and United Kingdom ($8.11k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Raw Copper exports accounted up to $10.3k and imports accounted up to $185k, resulting in a negative trade balance of $174k. Between May 2022 and July 2024 the exports of Philippines'   Raw Copper have decreased by $-42.7k (-80.6%) from $53k to $10.3k, while imports increased by $168k (990%) from $16.9k to $185k.

Destinations In July 2024, Raw Copper were exported mostly to Japan ($10.3k), and were imported mostly from United States ($89.9k), Japan ($89.2k), and Singapore ($5.57k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - July 2024)$-42.7k(-80.6%)
IMPORT GROWTH (July 2023 - July 2024)$168k(990%)
MAIN DESTINATION (July 2024)Japan$10.3k

This section shows Raw Copper'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 Raw Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$134M
IMPORTS (2023)$397k
NET TRADE (2023)$134M

In 2023, Philippines exported $134M in Raw Copper. The main destinations of Philippines exports on Raw Copper were India ($63.8M), Australia ($47.8M), South Korea ($19.1M), China ($3.29M), and Japan ($10.2k).

In 2023, Philippines imported $397k in Raw Copper, mainly from United States ($247k), Japan ($83.5k), South Korea ($17.7k), Norway ($17.1k), and United Kingdom ($11.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Copper EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
India$63.8M (1%)
South Korea$18.9M (7.16k%)
Australia$15.9M (49.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Copper BY Philippines WERE (2022 - 2023):
China-$31.1M (-90.4%)
Japan-$8.8k (-46.3%)
Saudi Arabia-$1.41k (-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 Raw Copper were:
Zambia $6.95B
Chile $2.16B
Democratic Republic of the Congo $1.41B
In 2023, Philippines's main importing competitors in Raw Copper were:
China $6.13B
Switzerland $3.15B
India $2.05B

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Trade Value of Raw Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.8M
TOP IMPORT POTENTIALSingapore+ $5.81k

Raw Copper’s highest export potential is China. With an export gap of $14.8M.   Raw Copper’s highest import potential is Singapore with an import gap of $5.81k.

See methodology.

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