Who is our biggest trading partner?
Year-to-Date Total Trade
|—||Total, All Countries||984.4|
|—||Total, Top 15 Countries||697.2|
What is the biggest export of Philippines?
Searchable List of Philippines’ Most Valuable Export Products
|Rank||Philippines’ Export Product||Change|
|2||Computers, optical readers||-28.8%|
|3||Computer parts, accessories||+55.9%|
Who does the Philippines trade with?
The main trade partners of the Philippines include China, Japan, the United States, Singapore and Hong Kong. The Philippines is the world 36th largest economy and the thirteenth largest economy in Asia. This newly industrialized country is mainly dependent on agriculture, service and manufacturing for its GDP.
Who are our top 5 trading partners?
The top five purchasers of U.S. goods exports in 2019 were: Canada ($292.6 billion), Mexico ($256.6 billion), China ($106.4 billion), Japan ($74.4 billion), and the United Kingdom ($69.1 billion). U.S. goods exports to the European Union 27 were $267.6 billion.
What is America’s biggest import?
What Are the Major U.S. Imports?
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
Is the Philippines a third world country?
The high expectations of the early post-War years failed to materialize and today the Philippines remains very much a part of the Third World. This, despite the existence of a number of factors that were conducive to sustained economic growth. Chief among these was the rich physical endowment of the Philippines.
Which country does Philippines trade with the most?
Philippines top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||9,625||13.57|
Why did the US want the Philippines?
The US wanted the Philippines for several reasons. They took control of the islands in a war with Spain, wanting to punish Spain for what was believed to be an attack against an American ship, the USS Maine. … The Philippines were the largest such colonies controlled by the US.
What do you think is the biggest export country for the Philippines?
The top export destinations of the Philippines are Hong Kong ($13.9 billion), United States ($13.8 billion), China ($13.3 billion), Japan ($11.2 billion), and Singapore ($7.92 billion).