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 |
68,713
2,883
209
Country
Trade
% Partner Share
Japan
10,853
15.80
United States
9,667
14.07
Hong Kong, China
9,025
13.13
China
8,017
11.67
Korea, Rep.
4,333
6.31
Export Products
Number
Monolithic integrated circuits, nes
20.4%
Parts of electrical machines & apparatus having
10.5%
Storage units, whether or not presented with th
9.2%
Input or output units, whether or not presented
3.3%
Ignition wiring sets&oth wiring sets of a kind
2.6%
%
Product List
9.7%
Rice, fish, livestock, poultry, bananas, coconut/copra, corn, sugarcane, mangoes, pineapple, cassava
%
Industry List
30.8%
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,
%
Services List
59.5%
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.
Information
Importing from Philippines ? Contact our local experts
Country Economic Statistics
https://op-proper.gov.ph/
https://countryeconomy.com/ratings/philippines
Bangko Sentral ng Pilipinas
47.08
5.5%
21.6%
1.8%
3.56%
$311.7 billion
$7,700
Philippine Peso
PHP
Lower Middle Income
57/138
111/180
124/190
82/136
Currency In Philippines