Professional Documents
Culture Documents
SUBMITTED BY:
LAKSHAY KHOSLA – 240/2017
• With a population of more than 100 million, the Philippines is the second
largest market in ASEAN (after Indonesia). Given that private consumption
accounts for about 70% of the country’s GDP, the growth in consumer demand,
in line with rising disposable incomes, is considerable.
• The Philippines imported US$85.9 billion worth of goods from around the globe
in 2016, up by 87.3% since 2009 and up by 22.5% from 2015 to 2016.
• The Philippines’ top 10 imports accounted for well over two-thirds (70.7%) of
the overall value of its product purchases from other countries.
• In particular, the country’s expanding middle-income class has a growing
appetite for quality consumer goods, including consumer electronics, packaged
foods, clothing and other premium items that are generally not produced
domestically
PARAMETERS
• IMPORT BASKET
• AVERAGE TARIFF FACED BY THE PRODUCT
• NON TARIFF MEASURES
• AVERAGE ANNUAL GROWTH IN VALUE BETWEEN 2012-
2016
IMPORT BASKET
• Around 5348 products are imported by Philippines .
• Out of which 25 products have been filtered out based on the highest import value in us dollars.
• Mostly the products are related to electronics , fuel , machinery , vehicles
• The contribute approx. 70% of the total imports of Philippines.
• The top products which are imported maximum in value (US thousand dollars) are:
1. Parts of electronic integrated circuit - 7693696
2. Petroleum oils – 5485598
3. Parts of automated data processing machines - 2451338
4. Motor cars - 1387571
5. Transmission apparatus – 608338.4
For product code – 880330 ( Parts of aero planes or helicopters, n.e.s. (excluding those for
gliders ):
1. USA
2. SINGAPORE
3. FRANCE
For product code – 847990 ( Parts of machines and mechanical appliances, n.e.s ):
1. JAPAN
2. SOUTH KOREA
3. CHINA