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Who buys the Philippines’ nickel ore? Export destinations 2024

In 2024, the Philippines exported $2 billion of nickel ore (45.1 million tonnes), 39.6% of the world total. China bought 77% of the total, followed by Indonesia (22%) and Japan (0.8%). The Philippines was the world’s largest exporter of nickel ore.

Summary

Value
$2billion
Tonnes
45.1million tonnes
Share of world total
39.6%
World rank
1st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 5 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China1.5Tonnes: 34,655,155USD per tonne: $4476.8%Sea
Indonesia0.44Tonnes: 10,093,567USD per tonne: $4422.4%Sea
Japan0.02Tonnes: 307,011USD per tonne: $510.8%Sea
South Korea< 0.01Tonnes: 201USD per tonne: $1,0590.01%Sea
Thailand< 0.01Tonnes: 25USD per tonne: $1200%Sea

Trend

Who it sells to

China has been its main destination since 2006

Value in USD billions. The five largest destinations in 2024.

  • China 1.5
  • Indonesia 0.44
  • Japan 0.02
  • South Korea < 0.01
  • Thailand < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
China01.5
Indonesia00.44
Japan0.040.02
South Korea0< 0.01
Thailand0< 0.01

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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