Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca.

What are the Philippines main imports?

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.

What’s Philippines famous for?

The Philippines is known for having an abundance of beautiful beaches and delicious fruit. The collection of islands is located in Southeast Asia and was named after King Philip II of Spain.

What are the top 10 exports of the Philippines?

Plastics, plastic articles: $895.4 million (1.4%) Philippines top 10 exports accounted for over four-fifths (83%) of the overall value of its global shipments. Ores, slag and ash was the fastest grower among the top 10 export categories, up by 40.6% from 2019 to 2020 propelled by higher international sales of nickel and iron ores and concentrates.

What kind of economy does the Philippines have?

The Philippines is the world 36th largest economy and the thirteenth largest economy in Asia. This newly industrialized country is mainly dependent on agriculture, service and manufacturing for its GDP. With excellent trade route in the Pacific Ocean these are some of the country’s main exports and imports.

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.

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.