Philippines - Foreign trade



Between 1996, exports surged from $20.5 billion to $38.1 billion. Imports peaked in 1997 at $38.6 billion, but by 2000 had dropped to $33.8 billion. The 1999 and 2000 trade surpluses were the first since 1973; during the intervening period, expensive mineral fuel imports had thrown the balance into a deficit.

The Philippines' traditional exports were primary commodities and raw materials. However, by 2000, machinery and transport equipment made up the majority of exports. In 2000, exports of electric machinery (mostly microcircuits, diodes, and transistors) accounted for 51% of total exports, and garments contributed6.8% to the total value of exports. In 2000, the Philippines exported a majority of electronics, including microcircuits, transistors and valves (44%); automatic data processing equipment (12.2%); and telecommunications equipment (2.7%). Other exports included garments (6.8%), vegetable oil (1.2%), and fruits and nuts (1.1%). The Philippines account for 6.6% of the world's soft vegetable oil exports. In 2000, machinery and electronics accounted for over three-fourths of all exports.

In 2000 the Philippines' imports were distributed among the following categories:

Philippines

Consumer goods 5.0%
Food 6.1%
Fuels 12.1%
Industrial supplies 24.9%
Machinery 47.5%
Transportation 4.4%

The US and Japan continue to be the Philippines' primary trading partners. Principal trading partners in 2000 (in millions of US dollars) were as follows:

Philippines

COUNTRY EXPORTS IMPORTS BALANCE
United States 11,405 5,713 5,692
Japan 5,609 6,457 -848
Singapore 3,124 2,288 836
Netherlands 2,983 360 2,623
China (inc. Hong Kong) 2,570 2,180 390
United Kingdom 1,506 375 1,131
Malaysia 1,377 1,236 141
Germany 1,329 770 559
Thailand 1,207 966 241
Korea 1,173 2,476 -1,303

User Contributions:

1
ronalyn artillaga
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Jun 30, 2009 @ 2:02 am
TO whom it may concern,
Please give me information about the latest Philippine Foreign Trade. Graphs and other articles will do so I can I an Information in my research study.
Thank you a lot, the information I can get for you will relly help for the success of my reasearch study.
2
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Sep 18, 2011 @ 6:18 pm
Yeah, I do agree with what Ms.Artillaga had said. It's also good that you have the latest Philippine Foreign Trade , infos.So people who are viewing your page can get the latest views.Like her I'm working on my research about this for my report. I hope you'll accept our most concerns.Thank you ..

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