2022
Exports
$4.72BWorld Rnk 52 / 226
Flag Rnk 3 / 21
2022
PRODUCT COMPLEXITY IN Metals
1.9Rnk 12 / 1025
2022
Imports
$14.2BWorld Rnk 31 / 226
Flag Rnk 3 / 21
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.72B in Metals, making it the 52nd largest exporter of Metals in the world. At the same year, Metals was the 3rd most exported product in Philippines. The main destination of Metals exports from Philippines are: Japan ($1.5B), China ($1.13B), Thailand ($552M), South Korea ($360M), and United States ($206M).

The fastest growing export markets for Metals of Philippines between 2021 and 2022 were Japan ($189M), Malaysia ($79.4M), and United States ($64.3M).

Imports In 2022, Philippines imported $14.2B in Metals, becoming the 31st largest importer of Metals in the world. At the same year, Metals was the 3rd most imported product in Philippines. Philippines imports Metals primarily from: China ($8.32B), Japan ($1.26B), South Korea ($686M), Indonesia ($601M), and Malaysia ($584M).

The fastest growing import markets in Metals for Philippines between 2021 and 2022 were China ($1.15B), Indonesia ($252M), and Malaysia ($116M).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-105M(-31.6%)
IMPORT GROWTH (July 2023 - July 2024)$257M(36.2%)
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
EXPORTS (2022)$4.72B
IMPORTS (2022)$14.2B
NET TRADE (2022)-$9.5B

In 2022, Philippines exported $4.72B in Metals. The main destinations of Philippines exports on Metals were Japan ($1.5B), China ($1.13B), Thailand ($552M), South Korea ($360M), and United States ($206M).

In 2022, Philippines imported $14.2B in Metals, mainly from China ($8.32B), Japan ($1.26B), South Korea ($686M), Indonesia ($601M), and Malaysia ($584M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metals EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$189M (14.4%)
Malaysia$79.4M (105%)
United States$64.3M (45.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metals BY Philippines WERE (2021 - 2022):
China-$425M (-27.4%)
India-$129M (-69.3%)
Australia-$22.3M (-29.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Metals were:
In 2022, Philippines's main importing competitors in Metals were:

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Trade Value of Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $490M
TOP IMPORT POTENTIALIndia+ $109M

Metals’s highest export potential is China. With an export gap of $490M.   Metals’s highest import potential is India with an import gap of $109M.

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