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2022
Exports $51.7MWorld Rnk 35 / 144
Flag Rnk 165 / 1127
2022
Destination $5.43M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $5.43MJapan
2022
PRODUCT COMPLEXITY IN Copper Wire-0.44Rnk 683 / 1025
2022
Imports $669MWorld Rnk 13 / 204
Flag Rnk 48 / 1201
2022
Origin $28.4M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $28.4MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $51.7M in Copper Wire, making it the 35th largest exporter of Copper Wire in the world. At the same year, Copper Wire was the 165th most exported product in Philippines. The main destination of Copper Wire exports from Philippines are: Chinese Taipei ($22.1M), China ($14.9M), Japan ($9.79M), Malaysia ($2.65M), and Indonesia ($806k).

The fastest growing export markets for Copper Wire of Philippines between 2021 and 2022 were Japan ($5.43M), United States ($360k), and Malaysia ($347k).

Imports In 2022, Philippines imported $669M in Copper Wire, becoming the 13th largest importer of Copper Wire in the world. At the same year, Copper Wire was the 48th most imported product in Philippines. Philippines imports Copper Wire primarily from: South Korea ($233M), China ($135M), Thailand ($124M), Japan ($50.6M), and Malaysia ($33.5M).

The fastest growing import markets in Copper Wire for Philippines between 2021 and 2022 were China ($28.4M), Singapore ($4.75M), and Vietnam ($3.78M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Copper Wire exports accounted up to $5.15M and imports accounted up to $24.4M, resulting in a negative trade balance of $19.2M. Between June 2023 and June 2024 the exports of Philippines'   Copper Wire have increased by $3.71M (256%) from $1.45M to $5.15M, while imports decreased by $-10.7M (-30.5%) from $35.1M to $24.4M.

Destinations In June 2024, Copper Wire were exported mostly to Chinese Taipei ($2.24M), China ($1.76M), Japan ($713k), Malaysia ($384k), and Vietnam ($24.9k), and were imported mostly from Thailand ($10.2M), South Korea ($8.04M), Japan ($4.4M), Chinese Taipei ($1.16M), and Singapore ($510k).

Growth In June 2024, the increase in Copper Wire's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Copper Wire's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-1.98M or -16.1%), Japan ($-1.83M or -33.9%), and Hong Kong ($-133k or -53.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$3.71M(256%)
IMPORT GROWTH (June 2023 - June 2024)$-10.7M(-30.5%)
MAIN DESTINATION (June 2024)Chinese Taipei$2.24M

This section shows Copper Wire'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 Copper Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$51.7M
IMPORTS (2022)$669M
NET TRADE (2022)-$617M

In 2022, Philippines exported $51.7M in Copper Wire. The main destinations of Philippines exports on Copper Wire were Chinese Taipei ($22.1M), China ($14.9M), Japan ($9.79M), Malaysia ($2.65M), and Indonesia ($806k).

In 2022, Philippines imported $669M in Copper Wire, mainly from South Korea ($233M), China ($135M), Thailand ($124M), Japan ($50.6M), and Malaysia ($33.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Wire EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$5.43M (124%)
United States$360k (1.15k%)
Malaysia$347k (15.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Wire BY Philippines WERE (2021 - 2022):
China-$27.2M (-64.7%)
Chinese Taipei-$8.18M (-27%)
Singapore-$150k (-62.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Copper Wire were:
Germany $3.23B
United Arab Emirates $3.08B
Belgium $1.8B
In 2022, Philippines's main importing competitors in Copper Wire were:
United States $2.21B
Mexico $1.11B
Italy $1.1B

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Trade Value of Copper Wire by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALIndonesia+ $11.2M

Copper Wire’s highest export potential is N/A. With an export gap of N/A.   Copper Wire’s highest import potential is Indonesia with an import gap of $11.2M.

See methodology.

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