Aluminum articles in   Philippines

Overview In July 2024 Philippines' Aluminum articles exports accounted up to $25.1M and imports accounted up to $51M, resulting in a negative trade balance of $25.9M. Between July 2023 and July 2024 the exports of Philippines'   Aluminum articles have decreased by $-7.32M (-22.6%) from $32.4M to $25.1M, while imports increased by $3.86M (8.18%) from $47.1M to $51M.

Destinations In July 2024, Aluminum articles were exported mostly to Japan ($13.8M), China ($4.26M), India ($2.69M), South Korea ($1.42M), and United States ($1.29M), and were imported mostly from China ($25M), Malaysia ($4.6M), South Korea ($4.54M), Japan ($3.72M), and Thailand ($2.16M).

Growth In July 2024, the decrease in Aluminum articles's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-339k or -95.4%), United States ($-310k or -21%), and India ($-183k or -50.4%). In July 2024, the increase in Aluminum articles's year-by-year imports was explained primarily by an increase in imports from China ($4.6M or 25.1%), Bahrain ($1.13M or 783%), and Indonesia ($1.03M or 93.3%).