2023
Exports
$5.16MWorld Rnk 25 / 82
Flag Rnk 391 / 1123
falsefalse Japan
2023
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.67Rnk 297 / 1025
2023
Imports
$95.3MWorld Rnk 6 / 146
Flag Rnk 213 / 1202
2023
ECONOMIC COMPLEXITY of Philippines
0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $5.16M in Rare-Earth Metal Compounds, making it the 25th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 391st most exported product in Philippines. The main destination of Rare-Earth Metal Compounds exports from Philippines are: Japan ($5.16M).

Imports In 2023, Philippines imported $95.3M in Rare-Earth Metal Compounds, becoming the 6th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 213th most imported product in Philippines. Philippines imports Rare-Earth Metal Compounds primarily from: Japan ($57.1M), United States ($13.9M), South Korea ($9.82M), China ($3.63M), and Poland ($2.91M).

The fastest growing import markets in Rare-Earth Metal Compounds for Philippines between 2022 and 2023 were Japan ($12.7M), South Korea ($9.51M), and United States ($6.24M).

Latest Trends

Dec 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 Rare-Earth Metal Compounds. 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 (2023)$5.16M
IMPORTS (2023)$95.3M
NET TRADE (2023)-$90.1M

In 2023, Philippines exported $5.16M in Rare-Earth Metal Compounds. The main destinations of Philippines exports on Rare-Earth Metal Compounds were Japan ($5.16M).

In 2023, Philippines imported $95.3M in Rare-Earth Metal Compounds, mainly from Japan ($57.1M), United States ($13.9M), South Korea ($9.82M), China ($3.63M), and Poland ($2.91M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Philippines WERE (2022 - 2023):
United States-$4.76M (-100%)
Japan-$2.7M (-34.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Philippines's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, Philippines's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B
Japan $478M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $186k
TOP IMPORT POTENTIALChina+ $2.89M

Rare-Earth Metal Compounds’s highest export potential is Japan. With an export gap of $186k.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $2.89M.

See methodology.

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