Gold in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $8.9B in Gold, making it the 14th largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in Philippines. The main destination of Gold exports from Philippines are: Switzerland ($3.72B), United Kingdom ($3.42B), United Arab Emirates ($931M), Hong Kong ($470M), and India ($139M).

The fastest growing export markets for Gold of Philippines between 2021 and 2022 were United Kingdom ($3.42B), Switzerland ($3.06B), and United Arab Emirates ($920M).

Imports In 2022, Philippines imported $185M in Gold, becoming the 49th largest importer of Gold in the world. At the same year, Gold was the 165th most imported product in Philippines. Philippines imports Gold primarily from: Singapore ($72.6M), South Korea ($70.6M), Japan ($16.1M), China ($13.1M), and United States ($6.03M).

The fastest growing import markets in Gold for Philippines between 2021 and 2022 were South Korea ($9.55M), United States ($486k), and United Arab Emirates ($414k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Gold exports accounted up to $118M and imports accounted up to $3.94M, resulting in a positive trade balance of $114M. Between September 2023 and September 2024 the exports of Philippines' Gold have increased by $29.2M (32.8%) from $89M to $118M, while imports increased by $176k (4.67%) from $3.76M to $3.94M.

Destinations In September 2024, Gold were exported mostly to Hong Kong ($68.1M), Switzerland ($31.2M), India ($18.7M), Italy ($192k), and Japan ($3.16k), and were imported mostly from Singapore ($2.8M), South Korea ($963k), Australia ($85.8k), United States ($50.6k), and Japan ($33.8k).

Growth In September 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Switzerland ($11.5M or 29.8%) and Hong Kong ($9.19M or 35.2%). In September 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Japan ($182k or 219%), China ($30.7k or 38.3%), and United States ($29.9k or 235%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$29.2M(32.8%)

IMPORT GROWTH (September 2023 - September 2024)$176k(4.67%)

MAIN DESTINATION (September 2024)Hong Kong$68.1M

This section shows Gold'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 Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.9B

IMPORTS (2022)$185M

NET TRADE (2022)$8.71B

In 2022, Philippines exported $8.9B in Gold. The main destinations of Philippines exports on Gold were Switzerland ($3.72B), United Kingdom ($3.42B), United Arab Emirates ($931M), Hong Kong ($470M), and India ($139M).

In 2022, Philippines imported $185M in Gold, mainly from Singapore ($72.6M), South Korea ($70.6M), Japan ($16.1M), China ($13.1M), and United States ($6.03M).

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