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2022
Exports $505kWorld Rnk 56 / 175
Flag Rnk 666 / 1127
2022
Destination $28.6k Germany
2021 - 2022
FASTEST GROWING MARKET $28.6kMalaysia
2022
PRODUCT COMPLEXITY IN Copper Fasteners1.39Rnk 71 / 1025
2022
Imports $10.9MWorld Rnk 34 / 221
Flag Rnk 698 / 1201
2022
Origin $1.1M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $1.1MGermany
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $505k in Copper Fasteners, making it the 56th largest exporter of Copper Fasteners in the world. At the same year, Copper Fasteners was the 666th most exported product in Philippines. The main destination of Copper Fasteners exports from Philippines are: Germany ($211k), Japan ($60.2k), Hungary ($59.2k), Thailand ($35.6k), and Malaysia ($30.3k).

The fastest growing export markets for Copper Fasteners of Philippines between 2021 and 2022 were Malaysia ($28.6k), Papua New Guinea ($11k), and United States ($8.42k).

Imports In 2022, Philippines imported $10.9M in Copper Fasteners, becoming the 34th largest importer of Copper Fasteners in the world. At the same year, Copper Fasteners was the 698th most imported product in Philippines. Philippines imports Copper Fasteners primarily from: Chinese Taipei ($1.6M), Japan ($1.56M), Germany ($1.53M), China ($1.37M), and Hong Kong ($1.05M).

The fastest growing import markets in Copper Fasteners for Philippines between 2021 and 2022 were Germany ($1.1M), Norway ($107k), and Australia ($82.7k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Copper Fasteners exports accounted up to $462 and imports accounted up to $659k, resulting in a negative trade balance of $658k. Between June 2023 and June 2024 the exports of Philippines'   Copper Fasteners have decreased by $-15.8k (-97.2%) from $16.2k to $462, while imports decreased by $-919k (-58.2%) from $1.58M to $659k.

Destinations In June 2024, Copper Fasteners were exported mostly to Singapore ($332) and Papua New Guinea ($130), and were imported mostly from Chinese Taipei ($321k), Japan ($157k), Germany ($62.9k), United States ($61.8k), and South Korea ($26.9k).

Growth In June 2024, the decrease in Copper Fasteners's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Copper Fasteners's year-by-year imports was explained primarily by a decrease in imports from Japan ($-346k or -51.5%), Chinese Taipei ($-219k or -33.4%), and France ($-129k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-15.8k(-97.2%)
IMPORT GROWTH (June 2023 - June 2024)$-919k(-58.2%)
MAIN DESTINATION (June 2024)Singapore$332

This section shows Copper Fasteners'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 Copper Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$505k
IMPORTS (2022)$10.9M
NET TRADE (2022)-$10.4M

In 2022, Philippines exported $505k in Copper Fasteners. The main destinations of Philippines exports on Copper Fasteners were Germany ($211k), Japan ($60.2k), Hungary ($59.2k), Thailand ($35.6k), and Malaysia ($30.3k).

In 2022, Philippines imported $10.9M in Copper Fasteners, mainly from Chinese Taipei ($1.6M), Japan ($1.56M), Germany ($1.53M), China ($1.37M), and Hong Kong ($1.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Fasteners EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$28.6k (1.66k%)
Papua New Guinea$11k (457%)
United States$8.42k (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Fasteners BY Philippines WERE (2021 - 2022):
Germany-$433k (-67.3%)
Japan-$160k (-72.7%)
Thailand-$74.9k (-67.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Copper Fasteners were:
Germany $280M
China $243M
Italy $151M
In 2022, Philippines's main importing competitors in Copper Fasteners were:
United States $193M
Germany $153M
Mexico $90.4M

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Trade Value of Copper Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $101k
TOP IMPORT POTENTIALChina+ $698k

Copper Fasteners’s highest export potential is Germany. With an export gap of $101k.   Copper Fasteners’s highest import potential is China with an import gap of $698k.

See methodology.

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