Nickel & copper are among the top exports of Philippines
The Philippines has fine reserves of nickel and copper. The Philippines lies on the leading nickel and copper exporters globally. The Philippines is the world's biggest exporter of nickel. Apart from electronics, electrical equipment and seafood, nickel and copper are the most exported items of the country. Amid rising interest in the EV sector, the demand for nickel is constantly rising. The Philippines is the most prominent market for nickel exports. According to the Philippines import export data , the overall nickel exports of the country were estimated to be around $1.8 billion in the last fiscal year. The highest amount of increase in the Philippines nickel exports was recorded during September month which was 20.6% and estimated to be $365 million. China was the top destination for Philippines nickel exports responsible for over 55% share. Whereas, Japan was responsible for 43% of the Philippines overall nickel exports. The fastest growing markets for Philippin...