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2022
Exports $111MWorld Rnk 33 / 200
Flag Rnk 103 / 1127
2022
Destination $27.7M South Korea
2021 - 2022
FASTEST GROWING MARKET $27.7MChina
2022
PRODUCT COMPLEXITY IN Scrap Aluminium-0.74Rnk 767 / 1025
2022
Imports $13.7MWorld Rnk 49 / 157
Flag Rnk 662 / 1201
2022
Origin $1.79M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.79MUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $111M in Scrap Aluminium, making it the 33rd largest exporter of Scrap Aluminium in the world. At the same year, Scrap Aluminium was the 103rd most exported product in Philippines. The main destination of Scrap Aluminium exports from Philippines are: South Korea ($47.1M), China ($38.8M), India ($8.84M), Chinese Taipei ($5.64M), and Thailand ($3.51M).

The fastest growing export markets for Scrap Aluminium of Philippines between 2021 and 2022 were China ($27.7M), India ($4.11M), and Malaysia ($2.61M).

Imports In 2022, Philippines imported $13.7M in Scrap Aluminium, becoming the 49th largest importer of Scrap Aluminium in the world. At the same year, Scrap Aluminium was the 662nd most imported product in Philippines. Philippines imports Scrap Aluminium primarily from: United States ($9.31M), Japan ($1.99M), United Kingdom ($534k), Poland ($290k), and France ($288k).

The fastest growing import markets in Scrap Aluminium for Philippines between 2021 and 2022 were United States ($1.79M), Brazil ($274k), and France ($257k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Scrap Aluminium exports accounted up to $4.9M and imports accounted up to $333k, resulting in a positive trade balance of $4.57M. Between June 2023 and June 2024 the exports of Philippines'   Scrap Aluminium have increased by $1.16M (31.2%) from $3.74M to $4.9M, while imports increased by $186k (126%) from $147k to $333k.

Destinations In June 2024, Scrap Aluminium were exported mostly to India ($2.02M), China ($1.31M), South Korea ($1.23M), Thailand ($169k), and Malaysia ($53k), and were imported mostly from Chinese Taipei ($171k), Japan ($94.3k), Pakistan ($28.4k), Thailand ($23.4k), and Senegal ($16.3k).

Growth In June 2024, the increase in Scrap Aluminium's year-by-year exports was explained primarily by an increase in exports to China ($1.47M or 2.58k%), Malaysia ($288k or 245%), and South Korea ($47.9k or 5.57%). In June 2024, the increase in Scrap Aluminium's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.16M(31.2%)
IMPORT GROWTH (November 2022 - June 2024)$186k(126%)
MAIN DESTINATION (June 2024)India$2.02M

This section shows Scrap Aluminium'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 Scrap Aluminium over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$111M
IMPORTS (2022)$13.7M
NET TRADE (2022)$97.6M

In 2022, Philippines exported $111M in Scrap Aluminium. The main destinations of Philippines exports on Scrap Aluminium were South Korea ($47.1M), China ($38.8M), India ($8.84M), Chinese Taipei ($5.64M), and Thailand ($3.51M).

In 2022, Philippines imported $13.7M in Scrap Aluminium, mainly from United States ($9.31M), Japan ($1.99M), United Kingdom ($534k), Poland ($290k), and France ($288k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Aluminium EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$27.7M (252%)
India$4.11M (87%)
Malaysia$2.61M (350%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Aluminium BY Philippines WERE (2021 - 2022):
Chinese Taipei-$4.67M (-45.3%)
Saudi Arabia-$172k (-100%)
Vietnam-$93.2k (-11.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Scrap Aluminium were:
United States $3.83B
Germany $2.28B
Canada $1.36B
In 2022, Philippines's main importing competitors in Scrap Aluminium were:
India $3.5B
South Korea $1.84B
Germany $1.76B

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Trade Value of Scrap Aluminium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.6M
TOP IMPORT POTENTIALJapan+ $1.01M

Scrap Aluminium’s highest export potential is China. With an export gap of $15.6M.   Scrap Aluminium’s highest import potential is Japan with an import gap of $1.01M.

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