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2022
Exports $800MWorld Rnk 21 / 110
Flag Rnk 21 / 1127
2022
Destination $195M South Korea
2021 - 2022
FASTEST GROWING MARKET $195MSouth Korea
2022
PRODUCT COMPLEXITY IN Copper Ore-1.94Rnk 995 / 1025
2022
Imports $1.42BWorld Rnk 9 / 117
Flag Rnk 16 / 1201
2022
Origin $611M Australia
2021 - 2022
FASTEST GROWING ORIGIN $611MAustralia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $800M in Copper Ore, making it the 21st largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 21st most exported product in Philippines. The main destination of Copper Ore exports from Philippines are: South Korea ($254M), Singapore ($203M), China ($172M), Japan ($171M), and Malaysia ($146k).

The fastest growing export markets for Copper Ore of Philippines between 2021 and 2022 were South Korea ($195M), Singapore ($127M), and China ($23.6M).

Imports In 2022, Philippines imported $1.42B in Copper Ore, becoming the 9th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 16th most imported product in Philippines. Philippines imports Copper Ore primarily from: Australia ($633M), Indonesia ($412M), Panama ($80.1M), United States ($67.6M), and Peru ($62.1M).

The fastest growing import markets in Copper Ore for Philippines between 2021 and 2022 were Australia ($611M), Indonesia ($161M), and Panama ($58.8M).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Copper Ore exports accounted up to $139M and imports accounted up to $180M, resulting in a negative trade balance of $40.8M. Between July 2023 and July 2024 the exports of Philippines'   Copper Ore have increased by $116M (492%) from $23.5M to $139M, while imports increased by $1.5M (0.84%) from $179M to $180M.

Destinations In July 2024, Copper Ore were exported mostly to China ($139M) and South Korea ($15.3k), and were imported mostly from Australia ($76.5M), Mexico ($28.9M), Canada ($26.3M), China ($26.1M), and Romania ($22.4M).

Growth In July 2024, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to China ($33.2M or 30.9k%). In July 2024, the increase in Copper Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$116M(492%)
IMPORT GROWTH (July 2023 - July 2024)$1.5M(0.84%)
MAIN DESTINATION (July 2024)China$139M

This section shows Copper Ore'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 Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$800M
IMPORTS (2022)$1.42B
NET TRADE (2022)-$620M

In 2022, Philippines exported $800M in Copper Ore. The main destinations of Philippines exports on Copper Ore were South Korea ($254M), Singapore ($203M), China ($172M), Japan ($171M), and Malaysia ($146k).

In 2022, Philippines imported $1.42B in Copper Ore, mainly from Australia ($633M), Indonesia ($412M), Panama ($80.1M), United States ($67.6M), and Peru ($62.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
South Korea$195M (326%)
Singapore$127M (168%)
China$23.6M (15.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Philippines WERE (2021 - 2022):
Japan-$10.5M (-5.78%)
Thailand-$226k (-100%)
Indonesia-$170k (-79%)
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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 Ore were:
Chile $22.8B
Peru $13.5B
Indonesia $8.89B
In 2022, Philippines's main importing competitors in Copper Ore were:
China $50.5B
Japan $12.4B
South Korea $6.27B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $202M
TOP IMPORT POTENTIALChile+ $24.5M

Copper Ore’s highest export potential is China. With an export gap of $202M.   Copper Ore’s highest import potential is Chile with an import gap of $24.5M.

See methodology.

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