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.
Philippines: Exports Profile
| $58.827 billion|
|Semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits|
|Japan 21.3%, United States 14.7%, China 12.4%, Hong Kong 8.0%, Singapore 7.3%, South Korea 6.0%, Germany 4.1%, Taiwan 3.5%, Thailand 3.4%, Netherlands 3.1% (2013 est.)|