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2022
Exports $442MWorld Rnk 18 / 196
Flag Rnk 34 / 1127
2022
Destination $44.1M South Korea
2021 - 2022
FASTEST GROWING MARKET $44.1MChina
2022
PRODUCT COMPLEXITY IN Scrap Copper-0.9Rnk 809 / 1025
2022
Imports $35.1MWorld Rnk 43 / 147
Flag Rnk 458 / 1201
2022
Origin $3.9M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $3.9MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $442M in Scrap Copper, making it the 18th largest exporter of Scrap Copper in the world. At the same year, Scrap Copper was the 34th most exported product in Philippines. The main destination of Scrap Copper exports from Philippines are: South Korea ($132M), Japan ($131M), China ($114M), Chinese Taipei ($48.1M), and Hong Kong ($7.12M).

The fastest growing export markets for Scrap Copper of Philippines between 2021 and 2022 were China ($44.1M), Chinese Taipei ($31.8M), and Japan ($19M).

Imports In 2022, Philippines imported $35.1M in Scrap Copper, becoming the 43rd largest importer of Scrap Copper in the world. At the same year, Scrap Copper was the 458th most imported product in Philippines. Philippines imports Scrap Copper primarily from: Chinese Taipei ($10.5M), United States ($9.26M), Japan ($6.35M), Bangladesh ($1.27M), and Canada ($1.16M).

The fastest growing import markets in Scrap Copper for Philippines between 2021 and 2022 were United States ($3.9M), Canada ($1.14M), and Colombia ($487k).

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 (2022)$442M
IMPORTS (2022)$35.1M
NET TRADE (2022)$407M

In 2022, Philippines exported $442M in Scrap Copper. The main destinations of Philippines exports on Scrap Copper were South Korea ($132M), Japan ($131M), China ($114M), Chinese Taipei ($48.1M), and Hong Kong ($7.12M).

In 2022, Philippines imported $35.1M in Scrap Copper, mainly from Chinese Taipei ($10.5M), United States ($9.26M), Japan ($6.35M), Bangladesh ($1.27M), and Canada ($1.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Copper EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$44.1M (63.5%)
Chinese Taipei$31.8M (194%)
Japan$19M (16.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Copper BY Philippines WERE (2021 - 2022):
Malaysia-$2.61M (-45.1%)
Turkey-$2.3M (-71.7%)
Hong Kong-$704k (-9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Scrap Copper were:
United States $5.05B
Germany $2.23B
Japan $2.02B
In 2022, Philippines's main importing competitors in Scrap Copper were:
China $9.38B
Germany $3.52B
South Korea $2.32B

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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.

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