Metals in Philippines | The Observatory of Economic Complexity

About

Exports In 2023, Philippines exported $4.64B in Metals, making it the 51st largest exporter of Metals in the world. At the same year, Metals was the 4th most exported product in Philippines. The main destination of Metals exports from Philippines are: China ($1.24B), Japan ($1.16B), Thailand ($643M), United States ($226M), and Chinese Taipei ($221M).

The fastest growing export markets for Metals of Philippines between 2022 and 2023 were India ($133M), China ($131M), and Thailand ($98.8M).

Imports In 2023, Philippines imported $9.63B in Metals, becoming the 37th largest importer of Metals in the world. At the same year, Metals was the 4th most imported product in Philippines. Philippines imports Metals primarily from: China ($5.09B), Japan ($1.12B), South Korea ($465M), Indonesia ($429M), and Malaysia ($424M).

The fastest growing import markets in Metals for Philippines between 2022 and 2023 were Kazakhstan ($99.8M), Saudi Arabia ($53.2M), and Australia ($27.1M).

COMPANIES In 2023, leading companies such as Panasonic (49), Walong Marketing (5), and Guess Clothing (3) were at the forefront of shipping Metals from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Metals exports accounted up to $227M and imports accounted up to $966M, resulting in a negative trade balance of $739M. Between July 2023 and July 2024 the exports of Philippines' Metals have decreased by $-105M (-31.7%) from $332M to $227M, while imports increased by $256M (36%) from $711M to $966M.

Destinations In July 2024, Metals were exported mostly to Japan ($83.8M), Thailand ($35.2M), China ($23.5M), South Korea ($14.4M), and United States ($13.6M), and were imported mostly from China ($517M), Japan ($122M), Indonesia ($80.4M), South Korea ($46M), and Vietnam ($41.1M).

Growth In July 2024, the decrease in Metals's year-by-year exports was explained primarily by a decrease in exports to China ($-77.1M or -49.3%), Singapore ($-6.49M or -70.9%), and Thailand ($-6.08M or -12.1%). In July 2024, the increase in Metals's year-by-year imports was explained primarily by an increase in imports from China ($64.4M or 23%), Indonesia ($37M or 133%), and Japan ($12.5M or 12.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-105M(-31.7%)

IMPORT GROWTH (July 2023 - July 2024)$256M(36%)

MAIN DESTINATION (July 2024)Japan$83.8M

This section shows Metals'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 Metals over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$4.64B

IMPORTS (2023)$9.63B

NET TRADE (2023)-$4.99B

In 2023, Philippines exported $4.64B in Metals. The main destinations of Philippines exports on Metals were China ($1.24B), Japan ($1.16B), Thailand ($643M), United States ($226M), and Chinese Taipei ($221M).

In 2023, Philippines imported $9.63B in Metals, mainly from China ($5.09B), Japan ($1.12B), South Korea ($465M), Indonesia ($429M), and Malaysia ($424M).

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