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2022
Exports $3.29MWorld Rnk 56 / 109
Flag Rnk 453 / 1127
2022
Destination $639k China
2021 - 2022
FASTEST GROWING MARKET $639kJapan
2022
PRODUCT COMPLEXITY IN Precious Metal Ore-1.71Rnk 973 / 1025
2022
Imports $326MWorld Rnk 9 / 109
Flag Rnk 110 / 1201
2022
Origin $51.8M Australia
2021 - 2022
FASTEST GROWING ORIGIN $51.8MAustralia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $3.29M in Precious Metal Ore, making it the 56th largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 453rd most exported product in Philippines. The main destination of Precious Metal Ore exports from Philippines are: China ($1.87M), Japan ($1.39M), United States ($23.7k), and South Korea ($2.33k).

The fastest growing export markets for Precious Metal Ore of Philippines between 2021 and 2022 were Japan ($639k), United States ($23.7k), and South Korea ($2.33k).

Imports In 2022, Philippines imported $326M in Precious Metal Ore, becoming the 9th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 110th most imported product in Philippines. Philippines imports Precious Metal Ore primarily from: Australia ($325M), United States ($808k), Luxembourg ($7.96k), Hong Kong ($6.14k), and Germany ($2.85k).

The fastest growing import markets in Precious Metal Ore for Philippines between 2021 and 2022 were Australia ($51.8M), United States ($637k), and Luxembourg ($7.96k).

Latest Trends

May 2024

About

Overview In May 2024 Philippines' Precious Metal Ore exports accounted up to $375k and imports accounted up to $34.3M, resulting in a negative trade balance of $33.9M. Between September 2022 and May 2024 the exports of Philippines'   Precious Metal Ore have decreased by $-130k (-25.8%) from $505k to $375k, while imports increased by $25.8M (304%) from $8.48M to $34.3M.

Destinations In May 2024, Precious Metal Ore were exported mostly to , and were imported mostly from Canada ($33.6M) and Colombia ($709k).

Growth In May 2024, the decrease in Precious Metal Ore's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Precious Metal Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2022 - May 2024)$-130k(-25.8%)
IMPORT GROWTH (June 2023 - July 2024)$25.8M(304%)
MAIN DESTINATION (May 2024)

This section shows Precious Metal Ore'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 Precious Metal Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.29M
IMPORTS (2022)$326M
NET TRADE (2022)-$323M

In 2022, Philippines exported $3.29M in Precious Metal Ore. The main destinations of Philippines exports on Precious Metal Ore were China ($1.87M), Japan ($1.39M), United States ($23.7k), and South Korea ($2.33k).

In 2022, Philippines imported $326M in Precious Metal Ore, mainly from Australia ($325M), United States ($808k), Luxembourg ($7.96k), Hong Kong ($6.14k), and Germany ($2.85k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$639k (85.1%)
United States$23.7k (1%)
South Korea$2.33k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Philippines WERE (2021 - 2022):
Belgium-$1.09M (-100%)
China-$753k (-28.7%)
Hong Kong-$254k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Precious Metal Ore were:
South Africa $1.97B
Australia $1.56B
Mexico $1.25B
In 2022, Philippines's main importing competitors in Precious Metal Ore were:
China $5.16B
Germany $2.75B
South Korea $783M

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.37M
TOP IMPORT POTENTIALUnited States+ $1M

Precious Metal Ore’s highest export potential is China. With an export gap of $3.37M.   Precious Metal Ore’s highest import potential is United States with an import gap of $1M.

See methodology.

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