Platinum in Philippines | The Observatory of Economic Complexity

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Exports In 2023, Philippines exported $2.21M in Platinum, making it the 48th largest exporter of Platinum in the world. At the same year, Platinum was the 505th most exported product in Philippines. The main destination of Platinum exports from Philippines are: Japan ($1.98M), Singapore ($231k), Thailand ($81), and Denmark ($32).

The fastest growing export markets for Platinum of Philippines between 2022 and 2023 were Singapore ($231k) and Denmark ($32).

Imports In 2023, Philippines imported $8.84M in Platinum, becoming the 43rd largest importer of Platinum in the world. At the same year, Platinum was the 696th most imported product in Philippines. Philippines imports Platinum primarily from: Chinese Taipei ($6.82M), Japan ($1.68M), United States ($156k), China ($78k), and Hong Kong ($37.1k).

The fastest growing import markets in Platinum for Philippines between 2022 and 2023 were China ($72.4k), Thailand ($21.2k), and Germany ($10.5k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Platinum exports accounted up to $165 and imports accounted up to $69.4k, resulting in a negative trade balance of $69.3k. Between March 2021 and July 2024 the exports of Philippines' Platinum have decreased by $-640 (-79.5%) from $805 to $165, while imports decreased by $-272k (-79.6%) from $341k to $69.4k.

Destinations In July 2024, Platinum were exported mostly to United States ($165), and were imported mostly from Japan ($69.4k).

Growth In July 2024, the decrease in Platinum's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Platinum's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2021 - July 2024)$-640(-79.5%)

IMPORT GROWTH (July 2023 - July 2024)$-272k(-79.6%)

MAIN DESTINATION (July 2024)United States$165

This section shows Platinum'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 Platinum over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$2.21M

IMPORTS (2023)$8.84M

NET TRADE (2023)-$6.62M

In 2023, Philippines exported $2.21M in Platinum. The main destinations of Philippines exports on Platinum were Japan ($1.98M), Singapore ($231k), Thailand ($81), and Denmark ($32).

In 2023, Philippines imported $8.84M in Platinum, mainly from Chinese Taipei ($6.82M), Japan ($1.68M), United States ($156k), China ($78k), and Hong Kong ($37.1k).

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