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2023
Exports $19.4MWorld Rnk 45 / 136
Flag Rnk 249 / 1123
2023
Destination $4.46M Japan
2022 - 2023
FASTEST GROWING MARKET $4.46MJapan
2023
PRODUCT COMPLEXITY IN Silver-0.85Rnk 794 / 1025
2023
Imports $12.5MWorld Rnk 45 / 179
Flag Rnk 617 / 1202
2023
Origin $261k Japan
2022 - 2023
FASTEST GROWING ORIGIN $261kSingapore
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $19.4M in Silver, making it the 45th largest exporter of Silver in the world. At the same year, Silver was the 249th most exported product in Philippines. The main destination of Silver exports from Philippines are: Japan ($7.75M), Thailand ($4.55M), Chinese Taipei ($2.72M), Hong Kong ($2.01M), and Malaysia ($1.73M).

The fastest growing export markets for Silver of Philippines between 2022 and 2023 were Japan ($4.46M), Malaysia ($1.51M), and Hong Kong ($743k).

Imports In 2023, Philippines imported $12.5M in Silver, becoming the 45th largest importer of Silver in the world. At the same year, Silver was the 617th most imported product in Philippines. Philippines imports Silver primarily from: Japan ($8.33M), United States ($2.37M), Germany ($491k), Singapore ($481k), and South Korea ($362k).

The fastest growing import markets in Silver for Philippines between 2022 and 2023 were Singapore ($261k), United States ($182k), and Netherlands ($88.2k).

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Silver exports accounted up to $132k and imports accounted up to $304k, resulting in a negative trade balance of $171k. Between July 2023 and July 2024 the exports of Philippines'   Silver have decreased by $-368k (-73.5%) from $500k to $132k, while imports decreased by $-77.6k (-20.4%) from $381k to $304k.

Destinations In July 2024, Silver were exported mostly to Hong Kong ($132k) and South Korea ($405), and were imported mostly from Japan ($122k), South Korea ($88.2k), United States ($43.2k), Netherlands ($18.5k), and Germany ($13.8k).

Growth In July 2024, the decrease in Silver's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-27.6k or -22.4%). In July 2024, the decrease in Silver's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-21.9k or -80.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-368k(-73.5%)
IMPORT GROWTH (July 2023 - July 2024)$-77.6k(-20.4%)
MAIN DESTINATION (July 2024)Hong Kong$132k

This section shows Silver'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 Silver over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$19.4M
IMPORTS (2023)$12.5M
NET TRADE (2023)$6.91M

In 2023, Philippines exported $19.4M in Silver. The main destinations of Philippines exports on Silver were Japan ($7.75M), Thailand ($4.55M), Chinese Taipei ($2.72M), Hong Kong ($2.01M), and Malaysia ($1.73M).

In 2023, Philippines imported $12.5M in Silver, mainly from Japan ($8.33M), United States ($2.37M), Germany ($491k), Singapore ($481k), and South Korea ($362k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Japan$4.46M (135%)
Malaysia$1.51M (702%)
Hong Kong$743k (58.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Philippines WERE (2022 - 2023):
Canada-$11.9M (-100%)
Thailand-$11.9M (-72.3%)
Chinese Taipei-$1.85M (-40.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Silver were:
China $4.69B
Mexico $2.84B
South Korea $1.96B
In 2023, Philippines's main importing competitors in Silver were:
United States $5.99B
United Kingdom $3.5B
Hong Kong $2.87B

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $3.26M
TOP IMPORT POTENTIALSouth Korea+ $1.85M

Silver’s highest export potential is Canada. With an export gap of $3.26M.   Silver’s highest import potential is South Korea with an import gap of $1.85M.

See methodology.

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