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2022
Exports $65.9MWorld Rnk 20 / 102
Flag Rnk 146 / 1127
2022
Destination $31.9M China
2021 - 2022
FASTEST GROWING MARKET $31.9MAustralia
2022
PRODUCT COMPLEXITY IN Raw Copper-2.2Rnk 1006 / 1025
2022
Imports $685kWorld Rnk 34 / 152
Flag Rnk 1039 / 1201
2022
Origin $158k United States
2021 - 2022
FASTEST GROWING ORIGIN $158kUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $65.9M in Raw Copper, making it the 20th largest exporter of Raw Copper in the world. At the same year, Raw Copper was the 146th most exported product in Philippines. The main destination of Raw Copper exports from Philippines are: China ($33.7M), Australia ($31.9M), South Korea ($265k), Japan ($19k), and Malaysia ($1.19k).

The fastest growing export markets for Raw Copper of Philippines between 2021 and 2022 were Australia ($31.9M) and Japan ($19k).

Imports In 2022, Philippines imported $685k in Raw Copper, becoming the 34th largest importer of Raw Copper in the world. At the same year, Raw Copper was the 1039th most imported product in Philippines. Philippines imports Raw Copper primarily from: United States ($359k), China ($162k), South Korea ($66.6k), Chinese Taipei ($50.2k), and Netherlands ($11.4k).

The fastest growing import markets in Raw Copper for Philippines between 2021 and 2022 were United States ($158k), China ($39.8k), and Netherlands ($11.4k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Raw Copper exports accounted up to $10.3k and imports accounted up to $185k, resulting in a negative trade balance of $174k. Between May 2022 and July 2024 the exports of Philippines'   Raw Copper have decreased by $-42.7k (-80.6%) from $53k to $10.3k, while imports increased by $168k (990%) from $16.9k to $185k.

Destinations In July 2024, Raw Copper were exported mostly to Japan ($10.3k), and were imported mostly from United States ($89.9k), Japan ($89.2k), and Singapore ($5.57k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - July 2024)$-42.7k(-80.6%)
IMPORT GROWTH (July 2023 - July 2024)$168k(990%)
MAIN DESTINATION (July 2024)Japan$10.3k

This section shows Raw Copper'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 Raw Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$65.9M
IMPORTS (2022)$685k
NET TRADE (2022)$65.2M

In 2022, Philippines exported $65.9M in Raw Copper. The main destinations of Philippines exports on Raw Copper were China ($33.7M), Australia ($31.9M), South Korea ($265k), Japan ($19k), and Malaysia ($1.19k).

In 2022, Philippines imported $685k in Raw Copper, mainly from United States ($359k), China ($162k), South Korea ($66.6k), Chinese Taipei ($50.2k), and Netherlands ($11.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Copper EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Australia$31.9M (1%)
Japan$19k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Copper BY Philippines WERE (2021 - 2022):
China-$72.5M (-68.3%)
India-$42.1M (-100%)
South Korea-$638k (-70.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Raw Copper were:
Zambia $6.6B
Chile $2.97B
Bulgaria $1.43B
In 2022, Philippines's main importing competitors in Raw Copper were:
China $6.42B
Switzerland $3.22B
India $2.06B

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Trade Value of Raw Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.8M
TOP IMPORT POTENTIALSingapore+ $5.81k

Raw Copper’s highest export potential is China. With an export gap of $14.8M.   Raw Copper’s highest import potential is Singapore with an import gap of $5.81k.

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