Top 10 Export Products of the Philippines 2017
06 March 2018
Philippines exports of goods amounted to USD 47473 million
during Jan-Sept 2017 and it was 56312 million in 2016. The country has 34th
largest nominal GDP in the world and 29th largest purchasing power
parity GDP. The Philippines is one the growing markets in import export
industry. The country is a member of various global trade groups like APEC,
ASEAN, WTO, EAS, AFTA, ADB and others.
The primary exports of Philippines include electronics, mechanical appliances, Optical, copper, vegetable oils, edible fruits & nuts etc. While Japan, United States, Hong Kong and China are the major export partners of the country. Here, we take a comprehensive look at the detailed analysis of top 10 Philippines export products and the largest export partners of the country.
Major Exports of Philippines
Philippines top 10 exports accounted for 80% of the overall
value of its global shipments. Check the following and know the top 10 exports
of Philippines which recorded highest export sales in Q1-Q3 2017. Below the
table, look at the detailed analysis of five major exports of Philippines.
Product |
Value (USD Million) |
Electrical Machinery |
20928 |
Machinery |
7033 |
Optical |
1930 |
Copper |
1510 |
Ships & Boats |
1462 |
Animal/Vegetable Oils |
1280 |
Wood |
1235 |
Precious Stones |
968 |
Edible Fruits & Nuts |
887 |
Vehicles |
883 |
*Above stats are based on Jan-Sept 2017 report
1. Electrical Machinery and Equipment
Electrical machinery including mechanical appliances, sound
recorders, television, telephone sets and its equipment classified under HS
Code 85. Philippines exports of electrical machinery stood at USD 20298 million
during Jan-Sept 2017 and it was USD 26240 million in 2016. Electronic
integrated circuits, diodes and cable wire are the main products in this
category that the country exports to the world. This is the main export product
category which recorded highest trade surplus for the country. The export sale
of this category is increased by 6% between 2012 and 2016. Hong Kong, Japan,
USA and Singapore are the major markets where Philippines exports electrical
machinery.
2. Machinery and Mechanical Appliances
Machinery including mechanical appliances, nuclear, reactors
and parts thereof classified under HS Code 84. Philippines exports of machinery
valued USD 7033 during Jan-Sept 2017 and recorded USD 6780 million in 2016. As
per Philippines trade data, the country export of this product is declined by
7% in terms of value during 2015-16. Automatic data processing machines and
printing machinery are the major products in this category that Philippines
exports to the world. The country exports of this product in its top markets
(China, USA and Hong Kong) recorded above 50% of value.
3. Optical, Photographic and Cinematographic
Regulating instruments and image projectors are the major
exports of Philippines in the optical & photographic product category. Philippines
optical exports stood at USD 1930 million from Jan to Sep 2017 and it was USD
2447 million in 2016. The demand for image projectors & photographic
enlarger-reducer in the global market from Philippines raised by 300% in terms
of quantity which recorded 500% of growth value in the last five years. USA,
Japan and Germany are the Philippines major export markets for this product
category.
4. Copper and Its Articles
Philippines copper exports amounted to USD 1510 million during
Jan-Sept 2017 and recorded USD 653 million in 2016. Copper foil, unrefined copper and copper alloys are
top Philippines export products of copper articles. The demand for unrefined
copper from Philippines in the global market is increased by 240% in terms of
value between 2012 and 2016. Japan, Korea and Australia are the largest
Philippines export partners of Philippines.
5. Ships, Boats & Floating Structures
Cruise ships, yachts, vessels, tugs, pusher craft and tanks are the major products of Ships & floating structure product category that Philippines exports to its partner countries. Philippines Exports of Ships and Boats to the world worth USD 1462 million during Jan-Sept 2017 and it was USD 1039 million in 2016. It has seen a heavy decline in export sales of ships & boats by 32% during 2015-16. Japan, Belgium, Malta and Liberia are the top markets where Philippines floating structures are exported majorly. However, japan and Belgium have doubled their demand of ships & boats from the said country in the last five years.
10 Largest Philippines Export Partners
Philippines is exporting products to more than 180 countries
across the world. Japan, USA and Hong Kong are its major export markets and
Philippines recorded 60% of the sales from these four countries. Philippines
export is slightly raised by 2% in terms of value from 2012 and 2016 while it
has seen declination of 4% of value during 2015-16. Refer the below table to check
the top trading partners of Philippines where the country exports goods.
Country |
Value (USD Million) |
Japan |
7731 |
USA |
7043 |
Hong Kong |
6316 |
China |
5162 |
Singapore |
2844 |
Thailand |
1976 |
Germany |
1951 |
Korea |
1939 |
Netherlands |
1831 |
Taipei |
1700 |
*Above stats are based on Jan-Sept 2017 report
Philippines is one of the emerging markets in the world. If you are looking for Philippines suppliers to import goods, subscribe for Philippines export data at Export Genius and get the list of Philippines exporters with the records of their trading activities. Look at the sample below to know the data columns.
Date |
16-05-2017 |
HS Code |
84012090000 |
Product Description |
Steam Generators |
Philippines
Exporter Name |
SAWO, INC. |
Foreign Importer
Name |
Sentiotec GMBH |
Destination Country |
Austria |
Gross Weight (KG) |
479.56 |
Quantity |
29 |
Unit |
BX-BOX |
FOB Value (USD) |
19164.48 |
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