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2023
Exports $1.91BWorld Rnk 13 / 147
Flag Rnk 8 / 1123
2023
Destination $102M China
2022 - 2023
FASTEST GROWING MARKET $102MThailand
2023
PRODUCT COMPLEXITY IN Refined Copper-1.41Rnk 931 / 1025
2023
Imports $32.4MWorld Rnk 47 / 184
Flag Rnk 420 / 1202
2023
Origin $257k Japan
2022 - 2023
FASTEST GROWING ORIGIN $257kNew Zealand
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.91B in Refined Copper, making it the 13th 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 ($844M), Thailand ($538M), Vietnam ($164M), Indonesia ($128M), and South Korea ($99.9M).

The fastest growing export markets for Refined Copper of Philippines between 2022 and 2023 were Thailand ($102M), China ($64M), and South Korea ($35.7M).

Imports In 2023, Philippines imported $32.4M in Refined Copper, becoming the 47th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 420th most imported product in Philippines. Philippines imports Refined Copper primarily from: Japan ($27.4M), South Korea ($1.76M), New Zealand ($1.27M), Spain ($973k), and United States ($228k).

The fastest growing import markets in Refined Copper for Philippines between 2022 and 2023 were New Zealand ($257k), Spain ($208k), and Portugal ($77.6k).

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 (2023)$1.91B
IMPORTS (2023)$32.4M
NET TRADE (2023)$1.88B

In 2023, Philippines exported $1.91B in Refined Copper. The main destinations of Philippines exports on Refined Copper were China ($844M), Thailand ($538M), Vietnam ($164M), Indonesia ($128M), and South Korea ($99.9M).

In 2023, Philippines imported $32.4M in Refined Copper, mainly from Japan ($27.4M), South Korea ($1.76M), New Zealand ($1.27M), Spain ($973k), and United States ($228k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Thailand$102M (23.4%)
China$64M (8.21%)
South Korea$35.7M (55.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Philippines WERE (2022 - 2023):
Malaysia-$32.5M (-33.1%)
Saudi Arabia-$6.18k (-100%)
Kuwait-$5.65k (-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 Refined Copper were:
Chile $17.1B
Democratic Republic of the Congo $11.8B
Japan $6.42B
In 2023, Philippines's main importing competitors in Refined Copper were:
China $32B
United States $6.91B
Italy $5.3B

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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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