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2022
Exports $39.2MWorld Rnk 39 / 144
Flag Rnk 192 / 1127
2022
Destination $11.9M Thailand
2021 - 2022
FASTEST GROWING MARKET $11.9MCanada
2022
PRODUCT COMPLEXITY IN Silver-0.98Rnk 832 / 1025
2022
Imports $22.9MWorld Rnk 38 / 182
Flag Rnk 552 / 1201
2022
Origin $850k Japan
2021 - 2022
FASTEST GROWING ORIGIN $850kUnited States
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $39.2M in Silver, making it the 39th largest exporter of Silver in the world. At the same year, Silver was the 192nd most exported product in Philippines. The main destination of Silver exports from Philippines are: Thailand ($16.1M), Canada ($11.9M), Chinese Taipei ($4.57M), Japan ($3.29M), and Hong Kong ($1.27M).

The fastest growing export markets for Silver of Philippines between 2021 and 2022 were Canada ($11.9M), Thailand ($11.1M), and Malaysia ($199k).

Imports In 2022, Philippines imported $22.9M in Silver, becoming the 38th largest importer of Silver in the world. At the same year, Silver was the 552nd most imported product in Philippines. Philippines imports Silver primarily from: Japan ($15.4M), United States ($2.87M), South Korea ($2.7M), Germany ($834k), and Chinese Taipei ($446k).

The fastest growing import markets in Silver for Philippines between 2021 and 2022 were United States ($850k), Malaysia ($88.7k), and Netherlands ($24.9k).

Latest Trends

August 2024

About

Overview In August 2024 Philippines' Silver exports accounted up to $116k and imports accounted up to $129k, resulting in a negative trade balance of $12.9k. Between August 2023 and August 2024 the exports of Philippines'   Silver have decreased by $-209k (-64.3%) from $325k to $116k, while imports decreased by $-393k (-75.3%) from $522k to $129k.

Destinations In August 2024, Silver were exported mostly to Hong Kong ($116k), and were imported mostly from Japan ($55.1k), South Korea ($25.6k), United States ($23.4k), Germany ($17.2k), and Netherlands ($4.1k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-209k(-64.3%)
IMPORT GROWTH (August 2023 - August 2024)$-393k(-75.3%)
MAIN DESTINATION (August 2024)Hong Kong$116k

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 (2022)$39.2M
IMPORTS (2022)$22.9M
NET TRADE (2022)$16.3M

In 2022, Philippines exported $39.2M in Silver. The main destinations of Philippines exports on Silver were Thailand ($16.1M), Canada ($11.9M), Chinese Taipei ($4.57M), Japan ($3.29M), and Hong Kong ($1.27M).

In 2022, Philippines imported $22.9M in Silver, mainly from Japan ($15.4M), United States ($2.87M), South Korea ($2.7M), Germany ($834k), and Chinese Taipei ($446k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Canada$11.9M (1%)
Thailand$11.1M (221%)
Malaysia$199k (1.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Philippines WERE (2021 - 2022):
Hong Kong-$8.94M (-87.6%)
Australia-$4.63M (-84.3%)
Japan-$4.07M (-55.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Silver were:
China $3.75B
United Kingdom $3.2B
Mexico $2.49B
In 2022, Philippines's main importing competitors in Silver were:
United States $5.81B
Canada $3.77B
Hong Kong $2.95B

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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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