What Are The Top Three Philippine Exports

What are the top three Philippine exports?

Coconut oil, dried mangoes, buko pie, coffee beans, refined petroleum, and pearls are the most sought-after Philippine exports to both domestic and foreign markets. Our econometric models predict that the Philippines Imports will have a long-term trend of around 11900000. USD Thousand in 2024 and 12300000. USD Thousand in 2025. The top three imports into the Philippines are: electronic goods (25%) mineral fuels (21%), and transport equipment (10%).Steel, chemicals, paper, textile, aircraft, machinery, clothing, vehicles, refined petroleum products, and other manufactured goods are among the items made in the Philippines. The United States, China, Japan, South Korea, Hong Kong, and Singapore are a few of the nations that import these products.Imports The Philippines became the fourth-largest rice importer in the world in 2020 after importing rice worth $1. In the Philippines that same year, rice was the 10th most imported good. Philippines imports rice primarily from Vietnam ($985M), Burma ($105M), China ($38Point7M), Thailand ($35Point1M), and India ($34Point6M).The top commodity imported into the Philippines in 2022, by commodity group, was electronic products, valued at 2. U. S. S.

For what is the Philippines well-known?

A lot of gorgeous beaches and delectable fruit can be found in the Philippines. The group of islands, which are situated in Southeast Asia, bears King Philip II of Spain’s name. Beautiful beaches, incredible wildlife, breathtaking scenery, ocean adventures, culinary and cultural delights, and the warmth and hospitality of the Filipino people.The Philippines is well-known for its abundance of lovely beaches and delectable fruit. The group of islands, which are in Southeast Asia, bears King Philip II of Spain’s name.As many people have pointed out, the Philippines is a special country because it has roots in four major civilizations: Asian, European, Latin American, and American.Filipino is the Hispanized (or Anglicized) term used to describe the inhabitants of the Philippines as well as their native tongue. Keep in mind that Filipino for men and Filipina for women are both acceptable pronouns.

What are the top 5 exports from the Philippines?

The Philippines’ top exports are integrated circuits ($22. B), office machine parts ($9. B), electrical transformers ($2. B), insulated wire ($2. B), and semiconductor devices ($2. B), with the majority of these goods going to China ($12. B), the United States ($10. B), Japan ($10B), Hong Kong ($10B), and Singapore ($6. B). Coconut oil, dried mangoes, buko pie, coffee beans, refined petroleum, and pearls are the most sought-after Philippine exports to both domestic and foreign markets.Electronic goods (42 percent), other manufactured goods (10 percent), and woodcrafts and furniture (6 percent) make up the majority of exports. Additionally, the Philippines is the top producer of abaca, pineapple, and coconut in the world.Coconut oil, dried mangoes, buko pie, coffee beans, refined petroleum, and pearls are among the most sought-after Philippine exports to both domestic and foreign markets.India exports a variety of goods to the Philippines, including meat from automobiles and other motor vehicles, groundnuts, new pneumatic rubber tires, frozen bovine animals, motorcycles, medications, oil seeds, and olea, as well as unprocessed tobacco, tobacco waste, cotton yarn, wheat, and meslin.

What produce does the Philippines excel at?

Electronics (42%), other manufactured goods (10%), and woodcrafts and furniture (6%), are the main exports. The Philippines is also the top producer of abaca, pineapple, and coconut in the world. Top of the list are electronic goods, which accounted for 58 percent of the nation’s total exports and were worth $3.

What top 3 imports come from the Philippines?

Our econometric models project that over the long term, the Philippines Imports will generally range between 11900000. USD Thousand in 2024 and 12300000. USD Thousand in 2025. The top three imports into the Philippines are electronic goods (25 percent), mineral fuels (21 percent), and transportation supplies (10 percent). In 2021, the Philippines imported US$451. UN’s COMTRADE database on global trade. The Philippines’ imports of sugar and sugar-based confectionery were last updated in March of 2023.