Frequent question: What does the Philippines export and import?

What are the major exports of the Philippines?

Exports in Philippines account for nearly a third of GDP. Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca.

What is the major import of Philippines?

Philippines Imports Grow the Most in Over 10 Years

Philippines major imports are: electronic products (25 percent), mineral fuels (21 percent) and transport equipment (10 percent). Philippines’s main import partners are: China (13 percent), the United States (11 percent), Japan (8 percent) and Taiwan (8 percent).

Does Philippines import or export more?

With imports and exports growing in March, the country’s total trade in goods increased by 22.5% to $15.78 billion. Of the total external trade, 57.6% were imported goods, while the rest were exported goods.

What can I import from Philippines?

India’s major imports from Philippines are auto components, newsprint paper and paperboard; Electrical and electronic machinery and equipment; vehicles; iron and steel; animal or vegetable fats and oils; machinery; organic chemicals.

What is the biggest export country for the Philippines?

Philippines top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
China 26,756 22.82
Japan 11,218 9.57
Korea, Rep. 8,760 7.47
United States 8,556 7.30

What are examples of imports?

What is an import?

  • An import is any product that’s produced abroad and then brought into another country. …
  • Imports can be finished products, like cars, TV sets, computers, or sneakers, or they can be raw materials, such as zinc, oil, wood, or grains. …
  • Imports are a vital part of the U.S. and global economy.

What are the main products of the Philippines?

The Philippines’ major agricultural products include rice, coconuts, corn, sugarcane, bananas, pineapples, and mangoes.

What country does Philippines import?

Top 10 Import Countries

Country Import USD$
China $26,756,381,043
Japan $11,217,877,058
South Korea $8,759,567,823
United States $8,555,656,890

Where does Philippines export bananas?

THE FASTEST GROWING Bananas EXPORT MARKETS FOR Philippines WERE (2018 – 2019): China $62M (11%) Japan $33.6M (4.6%) Saudi Arabia $26.2M (57.7%)

What does Philippines export to Japan?

These are fish, fruits and nuts, fuel wood, metal ores and scrap, crude vegetable materials, wood manufactures, office machines, travel goods, clothing, watches, and zoo animals and pets. The RCA and JI indices presented above indicate what the Philippines can potentially export to Japan.

Where does Philippines export coconut oil?

The main destination of Coconut Oil exports from Philippines are: United States ($355M), Netherlands ($264M), Malaysia ($57.1M), Germany ($47.9M), and China ($47.6M). The fastest growing export markets for Coconut Oil of Philippines between 2018 and 2019 were Malaysia ($28.7M), Indonesia ($14.5M), and Germany ($9.91M).

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