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2023
Exports $469MWorld Rnk 19 / 195
Flag Rnk 35 / 1123
2023
Destination $144M China
2022 - 2023
FASTEST GROWING MARKET $144MChina
2023
PRODUCT COMPLEXITY IN Scrap Copper-1.03Rnk 837 / 1025
2023
Imports $16.5MWorld Rnk 49 / 140
Flag Rnk 554 / 1202
2023
Origin $6M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $6MChinese Taipei
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $469M in Scrap Copper, making it the 19th largest exporter of Scrap Copper in the world. At the same year, Scrap Copper was the 35th most exported product in Philippines. The main destination of Scrap Copper exports from Philippines are: China ($258M), Japan ($127M), Chinese Taipei ($46M), South Korea ($16.1M), and Germany ($5.34M).

The fastest growing export markets for Scrap Copper of Philippines between 2022 and 2023 were China ($144M), Thailand ($3.91M), and Malaysia ($2.62M).

Imports In 2023, Philippines imported $16.5M in Scrap Copper, becoming the 49th largest importer of Scrap Copper in the world. At the same year, Scrap Copper was the 554th most imported product in Philippines. Philippines imports Scrap Copper primarily from: Chinese Taipei ($8.19M), United States ($5.57M), Australia ($1.38M), Japan ($590k), and Bangladesh ($352k).

The fastest growing import markets in Scrap Copper for Philippines between 2022 and 2023 were Chinese Taipei ($6M), Australia ($1.16M), and India ($5.99k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Scrap Copper exports accounted up to $17M and imports accounted up to $29.1k, resulting in a positive trade balance of $16.9M. Between July 2023 and July 2024 the exports of Philippines'   Scrap Copper have increased by $3.14M (22.7%) from $13.8M to $17M, while imports decreased by $-81.4k (-73.7%) from $111k to $29.1k.

Destinations In July 2024, Scrap Copper were exported mostly to China ($8.27M), Japan ($4.97M), South Korea ($1.32M), Malaysia ($928k), and Germany ($572k), and were imported mostly from Japan ($22.3k) and China ($6.83k).

Growth In July 2024, the increase in Scrap Copper's year-by-year exports was explained primarily by an increase in exports to China ($8.94M or 329%), Chinese Taipei ($1.16M or 166%), and Malaysia ($530k or 400%). In July 2024, the decrease in Scrap Copper's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-469k or -95%) and Hong Kong ($-111k or -99.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3.14M(22.7%)
IMPORT GROWTH (December 2022 - July 2024)$-81.4k(-73.7%)
MAIN DESTINATION (July 2024)China$8.27M

This section shows Scrap 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 Scrap Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$469M
IMPORTS (2023)$16.5M
NET TRADE (2023)$452M

In 2023, Philippines exported $469M in Scrap Copper. The main destinations of Philippines exports on Scrap Copper were China ($258M), Japan ($127M), Chinese Taipei ($46M), South Korea ($16.1M), and Germany ($5.34M).

In 2023, Philippines imported $16.5M in Scrap Copper, mainly from Chinese Taipei ($8.19M), United States ($5.57M), Australia ($1.38M), Japan ($590k), and Bangladesh ($352k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Copper EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
China$144M (127%)
Thailand$3.91M (1.96k%)
Malaysia$2.62M (246%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Copper BY Philippines WERE (2022 - 2023):
South Korea-$134M (-89.2%)
Japan-$24.2M (-16%)
Chinese Taipei-$9.69M (-17.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Scrap Copper were:
United States $4.68B
Japan $2.43B
Germany $2.27B
In 2023, Philippines's main importing competitors in Scrap Copper were:
China $12.5B
Germany $3.14B
India $1.63B

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Trade Value of Scrap Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $87.2M
TOP IMPORT POTENTIALUnited States+ $2.34M

Scrap Copper’s highest export potential is China. With an export gap of $87.2M.   Scrap Copper’s highest import potential is United States with an import gap of $2.34M.

See methodology.

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