Philippines Top Exports 2018 – Major Export Companies in Philippines

11 May 2019
Philippines Top Exports, Philippines Trade Data

Located in the western Pacific Ocean, the Southeast Asian nation called the Republic of Philippines shipped commodities worth USD 67 billion in 2018. The figure declined slightly from 2017’s USD 68 billion, Philippines Trade Data reveals. The country exported electrical machinery and equipment the most in last year, which shared 48.71% value in total exports. Philippines’s largest export destination of commodities is the United States of America, which shared value of 15.6% in 2018. Total goods worth USD 10 billion were shipped to the United States by the country in the given year. Let’s have a complete export picture of the Philippines with export statistics recorded in 2018. Also, find which major commodities are exported by the Philippines and to which major countries, Philippines supplied goods. 


From a continental perspective, two-thirds (66.7%) of Philippines exports by value were delivered to Asian countries, while 17.4% was sold to North American importers. The Philippines exported another 13.8% worth of commodities to customers in Europe. Smaller percentages went to Oceania (1%) led by Australia, Latin America (0.7%) excluding Mexico but including the Caribbean, the Africa (0.4%).


Top 10 Export Commodities of Philippines


As per Philippines export statistics, the country recorded the highest number of export shipment of electrical machinery and equipment in 2018, followed by machinery, mechanical appliances, etc. The following export commodity groups represent the highest dollar value in the Filipino global shipments during 2018. Also, percentage share of top 10 commodities represents in terms of overall exports from the Philippines.



HS Code

Product Description

Value USD Billion

Value USD %

85

Electrical Machinery and Equipment

32.8

48.71

84

Machinery, Mechanical Appliances, etc.

9.6

14.29

90

Optical, Photographic, Medical, Equipment, etc.

2.2

3.32

08

Edible Fruit and Nuts

2.0

3.07

71

Natural or Cultural Pearls, Precious Stones, etc.

1.4

2.15

74

Copper and Articles

1.4

2.08

26

Ores, Slag and Ash

1.2

1.81

89

Ships, Boats and Floating Structures

1.2

1.8

15

Animal or Vegetable Fats and Oils

1.1

1.74

27

Mineral Fuels and Oils

1.1

1.7

 


Among top 10 export commodities of the Philippines, fruits and nuts were the fastest growing goods, up 16% from 2017 to 2018. Mineral fuels-related products stood at the second place in terms of improving export sales, which appreciated 10.4% propelled by better global cash flow from refined petroleum oils. Gems and precious metals placed the third-fasted gain up 7%, due to mainly superior silver sales. Copper was the leading decliner among export categories for the Philippines due to its -31.7% year-over-year drop.


10 Largest Export Destinations of Philippines


Philippines’ largest export destination of total commodities was the United States of America in 2018, with 15.6% share in value. The country shipped commodities worth USD 10.5 billion to the United States in the last year, followed by Hong Kong with USD 9.5 billion value. The following top export destinations of the Philippines represent the highest dollar value in the Filipino global shipments during 2018. Also, percentage share of top 10 export partners represents in terms of overall exports from the Philippines.



Country

Value USD Billion

Value USD %

United States of America

10.5

15.6

Hong Kong, China

9.5

14.2

Japan

9.4

14

China

8.6

12.9

Singapore

4.2

6.3

Germany

2.8

4.2

Thailand

2.7

4

Republic of Korea

2.5

3.8

Netherlands

2.4

3.7

Taipei, Chinese

2.4

3.7

 


Major Export Companies in the Philippines


Are you looking for the best and genuine export companies in the Philippines? Here are few of them based on top 5 export commodities:


                    1.    J & J Philippines Corporation – Exporter of Machinery Parts

                    2.    BV Arrow Electronics – Exporter of Optical Lenses

                    3.    JX Nippon Mining and Metals Philippines, INC – Exporter of Rolled Copper Foil Scraps

                    4.    Global Organic Livelihood – Exporter of Organic Banana Chips

                    5.    Phil. Advanced Processing Tech INC – Exporter of Electronics Peripheral


Philippines Export Sample of Desiccated Coconut


Our data is beneficial to Filipino exporters, overseas buyers, logistics companies, market research groups, sales & marketing teams, financial institutions, media organizations and other major industries for finding the best prospects. Our Philippines export data covers a wide range of columns including Filipino export companies, foreign import companies, product specifications, value, quantity, port, etc.


Check the Philippines export sample of desiccated coconut to know the exact format of the data.


Date

01 July 2018

Philippines Exporter Name

Franklin Baker Company of the Phili

Consignee Name

Franklin Baker INC

HS Code

08011100000

Goods Description

Desiccated Coconut

Destination Country

United States

Terms of Delivery

CFR

Gross Weight (KG)

20341.2

Package Number

880

Package Unit

BG

FOB Value

41800

Currency

USD

 


The best prospects for export companies in the Philippines include – energy (including renewable energy, renewable fuels and smart grid), information and communication technology, transportation infrastructure, medical equipment, agricultural commodities and water resources. We help them to find the best prospects as our data is compiled with actual customs-based shipment records with company details.


To buy our market research report and data, e-mail us at info@exportgenius.in.


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