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Who buys the Philippines’ refined copper? Export destinations 2024

In 2024, the Philippines exported $1.4 billion of refined copper (155 thousand tonnes), 1.5% of the world total. Its main destinations were China (32%), Thailand (28%) and Vietnam (14%). The Philippines was the world’s 16th-largest exporter of refined copper.

Summary

Value
$1.4billion
Tonnes
155thousand tonnes
Share of world total
1.5%
World rank
16th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 10 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
China451Tonnes: 48,294USD per tonne: $9,34031.9%Sea
Thailand392Tonnes: 43,754USD per tonne: $8,95027.7%Sea
Vietnam200Tonnes: 22,369USD per tonne: $8,93214.1%Sea
South Korea147Tonnes: 15,995USD per tonne: $9,19310.4%Sea
Indonesia107Tonnes: 11,999USD per tonne: $8,9377.6%Sea
Taiwan78.4Tonnes: 8,516USD per tonne: $9,2025.5%Sea
Malaysia36.8Tonnes: 4,005USD per tonne: $9,1292.6%Sea
Singapore re-exports1.4Tonnes: 200USD per tonne: $7,2180.1%Sea
India0.83Tonnes: 99USD per tonne: $8,4590.06%Sea
Japan0.07Tonnes: 8USD per tonne: $8,3270%Sea

Trend

Who it sells to

China has been its main destination since 2018

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

  • China 0.45
  • Thailand 0.39
  • Vietnam 0.2
  • South Korea 0.15
  • Indonesia 0.11

Source: CEPII BACI

Show the numbers
Partner19952024
China0.010.45
Thailand0.060.39
Vietnam00.2
South Korea0.080.15
Indonesia< 0.010.11

Sources and methodology

Other products of this country

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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