The country’s total value of exports reached to $50.7 billion which is composed primarily of integrated circuits ($19 billion), computers ($6 billion), machine parts ($3.1 billion) and electrical transformers ($2.2 billion).
These items are then shipped to the Philippines’ major export partners, such as the United States which received 17.6 percent of the total exports, Japan following with 16.2%, then by the Netherlands with 9.8%.
|Official Name (Local Language)||Republika ng Pilipinas||Capital||Manila||Population||102,624,209||Currency||Philippine Peso||GDP||$311.7 billion||Languages||English; Filipino||Telephone Dial In||63|
% Partner Share
Hong Kong, China
Monolithic integrated circuits, nes
Parts of electrical machines & apparatus having
Storage units, whether or not presented with th
Input or output units, whether or not presented
Ignition wiring sets&oth wiring sets of a kind
Rice, fish, livestock, poultry, bananas, coconut/copra, corn, sugarcane, mangoes, pineapple, cassava
Semiconductors and electronics assembly, food and beverage manufacturing, construction, electric/gas/water supply, chemical products, radio/television/communications equipment and apparatus, petroleum and fuel, textile and garments, non-metallic minerals,
Other business services Computer and information services Travel Transportation Communications services Cultural and recreational services Financial services Insurance services Construction services Government services Royalties and license fees
The Philippines is the 12th most populated country in the world thus in order to satisfy the needs of its people, the country imports electronic products, machinery, iron and steel, grains and plastic items. It also ranks as the 41st country with the high importations. The following are the country’s top imports namely: the integrated circuits with about $11.6 billion, crude petroleum with $6.12 billion), refine petroleum for $5.29 billion, $2.39 billion for cars whine the spacecraft, helicopters and planes comprise around $2.33 billion.
The country obtains much of its import commodities from China (13%), Japan (12%), the United States (12%) and Singapore (9%). The Philippines’ estimated imports could reached $72.9 billion.
Bangko Sentral ng Pilipinas
Lower Middle Income