What are the contributions of mineral product exports in the Philippines?

A large number of mineral products are exported to East Asian Countries The Philippines is the top nickel ore supplier in the world, and China is its number buyer. In contrast to 2016 sales, nickel exports increased by 47% in 2017. Prices of nickel ore exports averaged at $31.34 per WMT, much higher than the average of $15.78 per WMT in 2016. Copper is also a lucrative product that is being exported to East Asian Countries, and as of 2015, Japan is highest importer of Copper from the Philippines, and 50.1% of Copper exports worth $431.1 million are sold to Japan. South Korea and China are also importing high volumes of Copper worth $116.7 million and $80.2 million respectively. Mineral products are in demand in East Asia because these countries are using nickel and copper for metal fabrication, manufacture of non-electrical machinery, and non-ferrous foundries, transportation equipment, and other electronic gadgets.

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