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2022
Exports $1.29BWorld Rnk 1 / 71
Flag Rnk 12 / 1127
2022
Destination $3.72M China
2021 - 2022
FASTEST GROWING MARKET $3.72MSouth Korea
2022
PRODUCT COMPLEXITY IN Nickel Ore-1.62Rnk 962 / 1025
2022
Imports $1.04MWorld Rnk 18 / 67
Flag Rnk 994 / 1201
2022
Origin $348k Germany
2021 - 2022
FASTEST GROWING ORIGIN $348kSlovakia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.29B in Nickel Ore, making it the 1st largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 12th most exported product in Philippines. The main destination of Nickel Ore exports from Philippines are: China ($1.2B), Japan ($70M), and South Korea ($13.3M).

The fastest growing export markets for Nickel Ore of Philippines between 2021 and 2022 were South Korea ($3.72M).

Imports In 2022, Philippines imported $1.04M in Nickel Ore, becoming the 18th largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 994th most imported product in Philippines. Philippines imports Nickel Ore primarily from: Germany ($516k), Slovakia ($348k), Poland ($117k), Singapore ($62.5k), and South Korea ($33).

The fastest growing import markets in Nickel Ore for Philippines between 2021 and 2022 were Slovakia ($348k), Singapore ($39.7k), and South Korea ($33).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Nickel Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.29B
IMPORTS (2022)$1.04M
NET TRADE (2022)$1.29B

In 2022, Philippines exported $1.29B in Nickel Ore. The main destinations of Philippines exports on Nickel Ore were China ($1.2B), Japan ($70M), and South Korea ($13.3M).

In 2022, Philippines imported $1.04M in Nickel Ore, mainly from Germany ($516k), Slovakia ($348k), Poland ($117k), Singapore ($62.5k), and South Korea ($33).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR Philippines WERE (2021 - 2022):South Korea$3.72M (39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY Philippines WERE (2021 - 2022):
China-$182M (-13.1%)
Japan-$38M (-35.2%)
United Kingdom-$1.24k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Philippines's main exporting competitors in Nickel Ore were:
New Caledonia $825M
Russia $411M
In 2022, Philippines's main importing competitors in Nickel Ore were:
China $2.96B
Canada $527M
South Korea $339M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Korea+ $3.58M
TOP IMPORT POTENTIALZambia+ $1.7k

Nickel Ore’s highest export potential is South Korea. With an export gap of $3.58M.   Nickel Ore’s highest import potential is Zambia with an import gap of $1.7k.

See methodology.

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