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The Philippines is a leading exporter of electronic products including processors, chips and hard drives as well as of agricultural products, including coconut, pineapple and abaca. The Philippines once a net exporter became an importer of rice as a result of the wars with the Spanish and later the Americans and by the reallocation of labour to export crops. has minor stress marks as shown in photos but nothing major that effects it. Stroll . The country is also a member of various trade organizations such as APEC, ASEAN, WTO, EAS, AFTA and others. Highlights of the Philippine Export and Import Statistics July 2021 (Preliminary) The country's total external trade in goods in July 2021, which amounted to USD 16.13 billion, grew at an annual rate of 19.2 percent. Trade in services with Philippines (exports and imports) totaled an . The value of the Philippines's annual exports has fallen by $17.6 billion over the last five years from 2013 ($80.2 billion) to 2018 ($97.8 billion). Published by Statista Research Department , Oct 21, 2021. The Philippines is an archipelago comprising of 7,641 islands. Antique 19th century philippines moro barong. The first table below shows top trading partners of Philippines in terms of export sales (selling), including United States, Japan, and China. In November 2021, India exported . compared to 2019 (it was 30% in 2019, and . Marine and aquaculture products accounted for 27% of our total food exports and it has continued to see growth in the exporting industry. Major trading partners include Japan, China, the United States, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. The country is still producing majority of the total global production of Milkfish or Bangus. Top 10 Filipino Exports to the US. In the Philippines, rice production is a key part of its daily food supply and economic development. EU-Philippines: Trade in goods. Merchandise Trade statistics data for Philippines (PHL) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. "This is a victory, and we are now reaping the rewards of the DA's continuing efforts to educate Philippine food manufacturers to adhere to global food safety standards," Dar said. (Tables B and 3) 2. The country's major agriculture exports to Japan include Cavendish banana, pineapple, coconut oil, and chicken yakitori. Most of the country's metallic minerals, including gold, iron ore, lead, zinc, chromite, and copper, are drawn from major deposits on the islands of Luzon and Mindanao. Philippines Major Exports. The Philippines registered headline-grabbing increases in imports and exports mainly due to base effects, or a jump in percentages due to sharp falls the previous year, latest figures from the . The Philippines (/ ˈ f ɪ l ɪ p iː n z / (); Filipino: Pilipinas), officially the Republic of the Philippines (Filipino: Republika ng Pilipinas), is an archipelagic country in Southeast Asia.It is situated in the western Pacific Ocean, and consists of about 7,640 islands, that are broadly categorized under three main geographical divisions from north to south: Luzon, Visayas, and Mindanao. Of the top 10 major commodity groups in terms of value of exports, four recorded annual decreases led by fresh bananas (-46.9%). Because the Philippines is an agricultural country, then lof of its export items are related or originated from agriculture. Recognized as the third most important food crop of the country, Philippine mangoes have high demands in the international market as it exports to countries such as in Japan, South Korea, Singapore, and USA. Goods exports totaled $7.7 billion; goods imports totaled $11.1 billion. However, gross export income from the commodity dropped by 9.9% billion from P8.07 billion.". In 2020, ASEAN member states accounted for 30 percent of . The COVID-19 pandemic, however, dims the country's growth prospects in 2020. Her ports total 429 in number including international gateways to the pacific trade routes and inter-island ports that make it possible for locals to move from one island to another comfortably. The Philippines is the largest market for U.S. exports of consumer ready products in the Southeast Asian region, and ranks 10 th overall in the world. Imports in Philippines increased to 11483818.83 USD Thousand in December from 10979575.63 USD Thousand in November of 2021. in. The pickup in exports may also be tagged to strong outbound shipments to China and Taiwan as . The Philippines is another archipelagic nation teeming with ports that make it possible for her to conduct both regional and international trade. handle is silver with black cloth thread wrapping. The US is a major market for Philippine electronics, which accounted for 39.4% of total exports in 2015, followed by apparel exports at 11.2% of the total. What is the main export of Philippines? According to the statistics of CIA FactBook, Philippines exported US$196,273 million worth of goods around the world in 2018. In contrast, Philippine banana exports to Japan rose by 12% year-on-year, from $406.8 million to $455.1 million. Merchandise Trade statistics data for Philippines (PHL) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. The top three import sources of the Philippines are China, with a 20% import share; Korea, 10%; and Japan, 10%. Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Exports In 2019, Philippines exported $983M in Coconut Oil, making it the 2nd largest exporter of Coconut Oil in the world. The country shares maritime borders with China, Indonesia, Japan, Malaysia, Taiwan, Vietnam, and the island nation of Palau. The Philippines (/ ˈ f ɪ l ɪ p iː n z / (); Filipino: Pilipinas), officially the Republic of the Philippines (Filipino: Republika ng Pilipinas), is an archipelagic country in Southeast Asia.It is situated in the western Pacific Ocean, and consists of about 7,640 islands, that are broadly categorized under three main geographical divisions from north to south: Luzon, Visayas, and Mindanao. According to the report published by World's Top Exports in March 2019, the Philippines distributed $67.5 billion worth of goods to . The Philippines and China bilateral trade reached close to US$50 Billion in 2019, growing at an average of 17 percent in the last five years. The United States was the Philippines' fourth largest country supplier in 2018, with a 7% share of the country's imports. A very nice piece. Read more In 2019, Philippines was the tenth largest destination for U.S. agricultural exports, which totaled $2.9 billion, a 2 percent decrease from 2018. Top 10 Filipino Imports from China China's exports to Philippines amounted to Import-Export Imbalance: Among the many economic problems faced by the Philippines, one is the imbalance of imports and exports. Despite continued disruptions in the global economy due to COVID-related restrictions, the Philippine exports grew by 15.2% from January to November 2021 to USD 68.4B compared to the same period in 2020, based on Philippine Statistics Authority (PSA) preliminary data. Top Philippines Exports to the World. MAJOR EXPORTS: The Philippines imported $1.6 billion worth of goods from India in 2020, according to the United Nations Comtrade database on international trade. The negative trade is heavy and only counterbalanced by the service account surplus. The total dollar amount for the top 100 imported consumer products from the island nation nicknamed The Pearl of the Orient declined by -20.3% from 2019 to 2020. In 1990 weaker world prices for Philippine exports, higher production costs, and a slowdown in the economies of the Philippines' major trading partners restrained export growth to only slightly more than 4 percent. Philippine exports in the two markets accounted for 31.4 percent or $23.4 billion of the country's total exports in 2021. Machine Manufacturing provides the backbone to the economy and became the major source of employment in the country. Several of these resources are quite rare in some areas of the world, which gives the Filipinos an opportunity to earn a living by converting it into products that we export today. The 5 most valuable consumer products imported into the Philippines during 2020 were processed petroleum oils, phones, computer parts or accessories, cars and coal. Its islands are classified into three main geographical areas - Luzon, Visayas, and Mindanao. Some of the main aquaculture products of the Philippines are tuna, milkfish, shrimps and prawns. Philippines' exports to America amounted to. Main export products of the Philippines. The main destination of Coconut Oil exports from Philippines are: United States ($355M), Netherlands ($264M), Malaysia ($57 . Blade is beautiful & simple. The Philippines' top export destinations are . The major export products are coconut products, fruits and vegetables, bananas, and prawns. China, Japan and United States are the largest trading partners of Philippines. The Philippines is ranked 15th among 39 countries in the Asia-Pacific region, and its . Asia is the biggest trade markets for Philippines. The Philippines learned from the COVID-19 pandemic that a services- and remittances-led growth model doesn't do too well in a global disease outbreak. Between July 2020 and July 2021 the exports of Philippines have increased by $807M (14.2%) from $5.68B to $6.49B, while imports increased by $3.13B (41.4%) from $7.58B to $10.7B. Exports show some promise, imports sustain drop. The following is the rice production in the Philippines for five years. U.S. exports of consumer ready food products to the Philippines totaled over US$1.1 billion in 2020, holding steady with that of 2019. That is, most products are imported from these countries to Philippines. At the same time, there are concerns about the treatment . Coconut Oil The second lists top trade partners of Philippines regarding import total (buying). Visit a park in Hong Kong on a Sunday, and you may very well see it teeming with Filipino domestic workers enjoying their one day off. The U.S. goods trade deficit with Philippines was $3.4 billion in 2020. The United States was a very close second to Japan as an export market of the Philippines, with 15.36% of total export value in 2020. With excellent trade route in the Pacific Ocean these are some of the country's main exports and imports. Meanwhile, preliminary data for 2021 shows that Philippine exports grew in its top five markets: US (18.3 percent), China (17.5 percent), Japan (6.8 percent), Hong Kong (7.6 percent), and Singapore (11.2 percent). That dollar amount reflects a 60.9% acceleration since 2016 but a -1.9% downtick from 2019 to 2020. In the previous month, the annual increase was recorded at 32.5 percent, while in July 2020, the decline was -16.2 percent. Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Why the Philippines' Biggest Export is People. Philippines Major Exports Philippine Economy Expands More Than Expected In Q4. Its dried counterpart is being exported to Hong Kong, Canada, and China as well. Its annual exports total $97.8 billion and imports for the same period are $35 billion, resulting in a negative trade balance of $36.7 billion. The Philippines government exports its agricultural products around the world for example the United States, Japan, Europe, and the Association of Southeast Asian Nations countries. Over the last two decades, Philippine exports have shifted from commodity-based products to manufactured goods. Integrated Circuits (23%), Computers (10%), Semiconductor Devices (4.7%), Office Machine Parts (3.5%), and Electrical Transformers (3.0%) The Philippines is the top exporter of Sulfides (37%), Lead Bars (43%), Felt Hats (99%), Fulminates (87%), Vacuum Flasks Glass Inners (73%), Sponges (98%), and Copper Springs (94%). The Philippines is one of the world's largest archipelago nations. This page provides the latest reported value for . Same way as other developing nations, the Philippines still experience a trade deficit. Imports in Philippines averaged 2303402.17 USD Thousand from 1957 until 2021, reaching an all time high of 11483818.83 USD Thousand in December of 2021 and a record low of 37084.30 USD Thousand in February of 1963. When it comes to imports, the Philippines imports auto vehicles and crude petroleum the most. Other goods which represent a smaller share of the imports of Filipino companies are electrical circuits and foodstuff. Exports of commodity group 1006 amounted to 10.1% of total sales of group "" from Philippines in 2020 (the value of exports of commodity group from Philippines amounted to $5.49 million in 2020). The Republic of the Philippines imported US$112.9 billion worth of goods from around the globe in 2020. Products related to coconut (coconut oil, coconut cake) Sugar and related products; Fruits, vegetables (pineapple, banana, mango) Ten Filipino corporations rank among Forbes Global 2000 for 2015. As the country grows, it faces greater challenges towards its aim for development. Thus, Japan accounted for almost half of the total value of banana shipments during this period and surpassed China to once again become the Philippines' top banana export market — a position it had held for 30 years prior to 2018. Top export sectors are electronics, minerals, fresh food, electrical . This was followed by other manufactured goods (-12.8%); machinery and transport equipment (-11.9%), and coconut oil (-11.7%). Philippines. But there is a strange thing about rice in the Philippines, that is, it is the major rice producers as well as the major rice importer in the world. This situation in the economy must take into consideration . Geography - note. $10.6 billion or 15.6% of its overall exports. The 1930s would mark the end to this period of relative prosperity. At the same year, Coconut Oil was the 11th most exported product in Philippines. Filipino Export Companies. Timely measures are important to cushion against the health and economic shocks and protect the most vulnerable people. Japan accounted for 15.39%. Below is a sample of the major export companies headquartered in the Philippines that Forbes included: San Miguel (industrial conglomerates) PLDT (telecommunications services) Ayala (industrial conglomerates) Aboitiz Equity Ventures (industrial . Philippines Exports Exports in Philippines account for nearly a third of GDP. Ronald U. Mendoza explains how Manila can . EU exports to the Philippines are dominated by machinery, transport equipment, chemicals and food products while the Philippines' main exports to the EU are office and telecommunication equipment, machinery, food products, and optical and photographic instruments. Electronic products commodity group remained the highest on export sales Exports to China grew from US$18.4 Billion in 2018 to US$ 19.5 Billion in 2019 while imports expanded by 16.02 percent in 2019. The Philippines is a country in Southeast Asia that is rich in natural resources. Philippines - Philippines - Resources and power: Although the Philippines is rich in mineral resources, mining activities constitute only a small portion of GDP and employ an even smaller fraction of the population. Philippines companies are renowned for the production of electrical and computer parts which are destined for export. 122 experts online. The Philippines' biggest export products by value in 2020 were electronic circuits, computers, computer parts and accessories, insulated wire or cable and printing machinery. The country began relying on rice imports after Marcos' ouster. The top two import sources of the Philippines were China and Japan, with 23.23% and 9.59% import share, respectively. In aggregate, those major exports account for 46.7% of overall exports sales from the Philippines. Overall commodity exports from Philippines decreased by 9.93% compared to 2019. Its principal exports include: integrated circuits ($32.2 billion), office machine parts ($10 billion), computers ($5.19 billion), semiconductor devices ($3.34 billion, and insulated wire ($2.42 billion). Those commodities suggest a relatively concentrated range of exported goods. note 1: for decades, the Philippine archipelago was reported as having 7,107 islands; in 2016, the national mapping authority reported that hundreds of new islands had been discovered and increased the number of islands to 7,641 - though not all of the new islands have been verified; the country is favorably located in relation to many of Southeast Asia's main water bodies . The United States was the Philippines' largest export market, with 15 percent of total value in 2018. Agricultural Products Exports in the Philippines. Philippines´ Main Exports Coconut oil In 2018, coconut oil from the Philippines dominated the export market with 1.2 million tones ahead of Indonesia's 885,000 tonnes and India's 390, 000 tonnes. Philippine merchandise exports increased by 6.6% year-on-year (YOY) amounting to According to the statistics of CIA FactBook, Philippines exported US$196,273 million worth of goods around the world in 2018. Fil-scan Exports, Inc. Info Web Phone Manila Rosal St Las Pinas Phillippines Packaging & Paper Flower Pots & Planters Garden Supplies Home & Garden. The Philippines' labor export system is unrivaled in its sophistication and scale, making it a model for other developing countries. In December, the rate increased to 6 percent from 4 percent. According to the OEC, the Philippines exported $99 billion worth of goods. The Philippines' economic freedom score is 61.1, making its economy the 80th freest in the 2022 Index. Market share of major trade partners of agricultural exports Philippines 2020. It is situated in Southeast Asia in the Western Pacific Ocean. The value of merchandise exports from Philippines totalled $ 63 billion in 2020. Philippine November exports rose unexpectedly by 3%, driven in large part by the 4.6% gain for the country's mainstay electronics subsector, which accounts for almost half of the total export portfolio. Uswah Import Export Info Phone Pinamalayan 95 Ponciano Reyes St Davao City Davao Del Sur 8000 Phillippines Apples Citrus Fruit Kiwi Fruit Fruit Agriculture. Claim: During dictator Ferdinand Marcos' regime, the Philippines was primarily a rice exporter. The Philippines has one of the most vibrant economies in the East Asia Pacific region, growing at 6.2% in 2018 and 5.9% in 2019. The Philippine export industry is starting to get in shape. The Philippine economy, as a newly industrialized country, remained to be resilient and competitive enough to be one of the five growth performers in the region. The Sugar Act of 1934 capped Philippines sugar exports to the US at 921,000 tons per year. The Philippine Statistics Authority (PSA) said the country's merchandise exports increased by 17.5 percent to an all-time high of $74.64 billion last year from $65.21 billion in 2020 amid . MANILA: The Philippines' energy secretary Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying the policy will be detrimental to economies heavily reliant on the fuel for . Philippines is also the world's largest producer of coconut, pineapple and abaca. GDP of the Philippines Because of its archipelagic nature, Philippines is a culturally diverse country. The share of exports of commodity group 1006 in sales of commodity group from Philippines lowered by 20 p.p. Among all the top products exported from Philippines, Electronic Integrated Circuits contribute to 13.72% of total trade value, equal to US$26,924,850 thousand. From a continental perspective, two-thirds (66.7%) of Philippines exports by value were delivered to Asian countries, while 17.4% was sold to North American importers. Among all the top products exported from Philippines, Electronic Integrated Circuits contribute to 13.72% of total trade value, equal to US$26,924,850 thousand. Also, find which major commodities are exported by the Philippines and to which major countries, Philippines supplied goods. Philippines Major Exports. Merchandise exports decreased by $ 7.04 billion (the value of merchandise exports from Philippines amounted to $70 billion in 2019) Exports | Philippines Philippines exports stood at USD 63.23 billion and imports stood at USD 98.48 billion in the year 2017. Highlights. Quoting the PSA, a news report from the Philippine Daily Inquirer stated: "The volume of country's coconut exports in 2018 increased by 43.6% in 2017. Philippines is currently our 31st largest goods trading partner with $18.9 billion in total (two way) goods trade during 2020. Import documents required for shipments to the Philippines include: Duly endorsed Bill of Lading or Airway Bill, or certification by the carrier or agent of the vessel or aircraft; Commercial Invoice, Letter of Credit or any other verifiable commercial document evidencing payment; in cases where there is no sale for export, by any commercial . A post on a Facebook page called . In 2015, the Philippines exported goods valued at US$77.9 billion and imported products worth US$76.8 billion.

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