The top import categories (2-digit HS) in 2019 were: electrical machinery ($4.6 billion), machinery ($3.4 billion), optical and medical instruments ($561 million), knit apparel ($480 million), and leather products ($469 million). U.S. total imports of agricultural products from Philippines totaled $924 million in 2019.

Who is the biggest importer of the Philippines?

Philippines top 5 Export and Import partners

What are the major imports of the Philippines?

The Philippines’s Other Notable Imports 1 Integrated Circuits – $20 billion 2 Cars – $3.8 billion 3 Planes, Helicopters, and/or Spacecraft – $2.5 billion 4 Broadcasting Equipment – $2.5 billion 5 Office Machine Parts – $2 billion

How much does the Philippines export to the US?

In macroeconomic terms, the Philippines’ total exported goods represent 6.8% of its overall Gross Domestic Product for 2020 ($933.9 billion valued in Purchasing Power Parity US dollars). That 6.8% for exports to overall GDP per PPP in 2020 compares to 6.9% in 2019.

How much does the Philippines export of bananas?

Global exports of bananas total $14 billion annually and the Philippines is the 2nd largest exporter with a 13% share of that global market. The island nation ranks second only behind Ecuador in banana exports.

Who are the major trade partners of the Philippines?

Trade partners for the Philippines exports of coconut oil include the United States and the Netherlands, which account for 70.5% of its exports. With annual shipments of bananas worth $1.82 billion, this commodity was the 9th most exported product from Philippines’s, representing 1.9% of all exports.