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BSA – IIIA
Philippine’s Trading Information
The Philippines is a densely populated island of 102.6 million residents located in south-
east Asia, and is officially named the Republic of the Philippines.
The Philippines shipped US$56.3 billion worth of products around the globe in 2016. That
figure represents roughly 0.3% of overall global exports estimated at $16.236 trillion for
the prior year 2015.
From a continental perspective, over two-thirds (67.7%) of Filipino exports by value are
delivered to other Asian countries while 17.3% are sold to North American importers. The
Philippines ships another 12.9% worth of goods to European clients with 0.5% going to
Africa.
Imported aircraft and spacecraft had the fastest-growing increase in value among the
top 10 import categories, up 570.9% for the 7-year period starting in 2009.
In second place for improving import sales was the vehicles category up 270.6%, trailed
by Filipino imports of iron and steel delivering the third-fastest gain up 249%.
Cereals was the only top 10 import to diminish in value posting a -26.3% decline in
value, caused mainly by a massive decline in imported rice.
Wood was the fastest-growing among the top 10 export categories, up 232% for the 7-
year period starting in 2009.
In second place for improving export sales were Filipino shipments of gems and
precious metals which rose in value by 158% led by booming international sales of gold.
High expense items ships and boats posted the third-fastest gain in value up 148%.
Only two of the top Filipino export categories declined in value, namely vehicles (down
-10% from 2009 to 2016) and machinery including computers (down -10.5%).