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2022
Exports $1.75BWorld Rnk 15 / 140
Flag Rnk 8 / 1127
2022
Destination $76.6M China
2021 - 2022
FASTEST GROWING MARKET $76.6MMalaysia
2022
PRODUCT COMPLEXITY IN Refined Copper-1.43Rnk 938 / 1025
2022
Imports $39.8MWorld Rnk 50 / 184
Flag Rnk 431 / 1201
2022
Origin $562k Japan
2021 - 2022
FASTEST GROWING ORIGIN $562kNew Zealand
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $1.75B in Refined Copper, making it the 15th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 8th most exported product in Philippines. The main destination of Refined Copper exports from Philippines are: China ($821M), Thailand ($457M), Vietnam ($154M), Indonesia ($117M), and Malaysia ($106M).

The fastest growing export markets for Refined Copper of Philippines between 2021 and 2022 were Malaysia ($76.6M), Indonesia ($53M), and Vietnam ($12.7M).

Imports In 2022, Philippines imported $39.8M in Refined Copper, becoming the 50th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 431st most imported product in Philippines. Philippines imports Refined Copper primarily from: Japan ($28.4M), South Korea ($3.98M), Singapore ($3.66M), Spain ($1.05M), and New Zealand ($1.02M).

The fastest growing import markets in Refined Copper for Philippines between 2021 and 2022 were New Zealand ($562k), Japan ($137k), and Thailand ($64.4k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Refined Copper exports accounted up to $51.6M and imports accounted up to $4.73M, resulting in a positive trade balance of $46.9M. Between July 2023 and July 2024 the exports of Philippines'   Refined Copper have decreased by $-107M (-67.4%) from $158M to $51.6M, while imports increased by $2.11M (80.1%) from $2.63M to $4.73M.

Destinations In July 2024, Refined Copper were exported mostly to Thailand ($29.6M), South Korea ($7.95M), Vietnam ($5.71M), Indonesia ($4.81M), and Malaysia ($2.41M), and were imported mostly from Japan ($4.68M), Thailand ($26.2k), Chinese Taipei ($16.7k), United States ($4.91k), and India ($1.92k).

Growth In July 2024, the decrease in Refined Copper's year-by-year exports was explained primarily by a decrease in exports to China ($-88.6M or -59.4%), Thailand ($-7.07M or -15.1%), and Japan ($-23.1k or -92%). In July 2024, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from Japan ($2.07M or 189%), South Korea ($136k or 331%), and United States ($9.05k or 123%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-107M(-67.4%)
IMPORT GROWTH (July 2023 - July 2024)$2.11M(80.1%)
MAIN DESTINATION (July 2024)Thailand$29.6M

This section shows Refined 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 Refined Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.75B
IMPORTS (2022)$39.8M
NET TRADE (2022)$1.71B

In 2022, Philippines exported $1.75B in Refined Copper. The main destinations of Philippines exports on Refined Copper were China ($821M), Thailand ($457M), Vietnam ($154M), Indonesia ($117M), and Malaysia ($106M).

In 2022, Philippines imported $39.8M in Refined Copper, mainly from Japan ($28.4M), South Korea ($3.98M), Singapore ($3.66M), Spain ($1.05M), and New Zealand ($1.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Malaysia$76.6M (260%)
Indonesia$53M (82.3%)
Vietnam$12.7M (8.95%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Philippines WERE (2021 - 2022):
China-$426M (-34.2%)
India-$78.1M (-100%)
South Korea-$45.7M (-41.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Refined Copper were:
Chile $18.4B
Democratic Republic of the Congo $16.3B
Russia $6.58B
In 2022, Philippines's main importing competitors in Refined Copper were:
China $34.7B
United States $6.16B
Germany $5.77B

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $295M
TOP IMPORT POTENTIALSouth Korea+ $2M

Refined Copper’s highest export potential is China. With an export gap of $295M.   Refined Copper’s highest import potential is South Korea with an import gap of $2M.

See methodology.

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