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2023
Exports $954MWorld Rnk 8 / 176
Flag Rnk 16 / 1123
2023
Destination $65.1M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $65.1MHong Kong
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.62Rnk 738 / 1025
2023
Imports $734kWorld Rnk 53 / 126
Flag Rnk 1004 / 1202
2023
Origin $136k Japan
2022 - 2023
FASTEST GROWING ORIGIN $136kJapan
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $954M in Precious Metal Scraps, making it the 8th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 16th most exported product in Philippines. The main destination of Precious Metal Scraps exports from Philippines are: Hong Kong ($939M), Japan ($10.6M), Chinese Taipei ($2.59M), Honduras ($658k), and South Korea ($617k).

The fastest growing export markets for Precious Metal Scraps of Philippines between 2022 and 2023 were Hong Kong ($65.1M), Honduras ($658k), and South Korea ($162k).

Imports In 2023, Philippines imported $734k in Precious Metal Scraps, becoming the 53rd largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 1004th most imported product in Philippines. Philippines imports Precious Metal Scraps primarily from: Japan ($352k), Luxembourg ($151k), China ($127k), Italy ($70.2k), and Costa Rica ($11.1k).

The fastest growing import markets in Precious Metal Scraps for Philippines between 2022 and 2023 were Japan ($136k), China ($127k), and Italy ($33k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Precious Metal Scraps exports accounted up to $5.16M and imports accounted up to $18k, resulting in a positive trade balance of $5.14M. Between July 2023 and July 2024 the exports of Philippines'   Precious Metal Scraps have decreased by $-7.4M (-58.9%) from $12.6M to $5.16M, while imports decreased by $-14.2k (-44%) from $32.2k to $18k.

Destinations In July 2024, Precious Metal Scraps were exported mostly to Hong Kong ($4.21M) and Japan ($943k), and were imported mostly from Luxembourg ($17.6k) and Japan ($465).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-7.4M(-58.9%)
IMPORT GROWTH (July 2023 - July 2024)$-14.2k(-44%)
MAIN DESTINATION (July 2024)Hong Kong$4.21M

This section shows Precious Metal Scraps'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 Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$954M
IMPORTS (2023)$734k
NET TRADE (2023)$954M

In 2023, Philippines exported $954M in Precious Metal Scraps. The main destinations of Philippines exports on Precious Metal Scraps were Hong Kong ($939M), Japan ($10.6M), Chinese Taipei ($2.59M), Honduras ($658k), and South Korea ($617k).

In 2023, Philippines imported $734k in Precious Metal Scraps, mainly from Japan ($352k), Luxembourg ($151k), China ($127k), Italy ($70.2k), and Costa Rica ($11.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Hong Kong$65.1M (7.44%)
Honduras$658k (1%)
South Korea$162k (35.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Philippines WERE (2022 - 2023):
Switzerland-$5.44M (-100%)
Japan-$3.38M (-24.1%)
Belgium-$912k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Precious Metal Scraps were:
United States $5.44B
Indonesia $3.45B
Belgium $1.78B
In 2023, Philippines's main importing competitors in Precious Metal Scraps were:
Germany $4.72B
Canada $3.77B
Switzerland $3.16B

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $26.7M
TOP IMPORT POTENTIALUnited States+ $113k

Precious Metal Scraps’s highest export potential is Japan. With an export gap of $26.7M.   Precious Metal Scraps’s highest import potential is United States with an import gap of $113k.

See methodology.

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