What does Philippines import most?

What does the Philippines export the most?

Searchable List of Philippines’ Most Valuable Export Products

Rank Philippines’ Export Product Change
1 Integrated circuits/microassemblies +6.5%
2 Computers, optical readers -28.8%
3 Computer parts, accessories +55.9%
4 Insulated wire/cable -17.3%

Does Philippines import more than exports?

Exports were $12.1 billion; imports were $18.5 billion. … Goods exports totaled $8.6 billion; goods imports totaled $12.8 billion. The U.S. goods trade deficit with Philippines was $4.1 billion in 2019. Trade in services with Philippines (exports and imports) totaled an estimated $9.2 billion in 2019.

What are the top 3 imports?

What Are the Major U.S. Imports?

  • Minerals, fuels, and oil – $241.4 billion.
  • Pharmaceuticals – $116.3 billion.
  • Medical equipment and supplies – $93.4 billion.
  • Furniture, Lighting, and Signs – $72.1 billion.
  • Plastics – $61.9 billion.
  • Gems and precious metals – $60.8 billion.
  • Organic chemicals – $54.6 billion.

Where does Philippines import from?

Philippines Product Imports by country

In 2019, the top partner countries from which Philippines Imports All Products include China, Japan, Korea, Rep., United States and Indonesia.

What are the top 10 imports of the Philippines?

Top 10

  • Electrical machinery, equipment: US$27 billion (23.9% of total imports)
  • Mineral fuels including oil: $13.6 billion (12%)
  • Machinery including computers: $12.5 billion (11.1%)
  • Vehicles: $8.5 billion (7.5%)
  • Iron, steel: $3.9 billion (3.5%)
  • Plastics, plastic articles: $3.7 billion (3.3%)
  • Cereals: $2.9 billion (2.6%)
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Which country does Philippines trade with the most?

Top 15

  • Japan: US$9.9 billion (15.5% of total Filipino exports)
  • United States: $9.7 billion (15.2%)
  • China: $9.6 billion (15.1%)
  • Hong Kong: $9.1 billion (14.2%)
  • Singapore: $3.8 billion (5.9%)
  • Thailand: $2.9 billion (4.5%)
  • South Korea: $2.5 billion (4%)
  • Germany: $2.4 billion (3.7%)

Why did the US want the Philippines?

Americans who advocated annexation evinced a variety of motivations: desire for commercial opportunities in Asia, concern that the Filipinos were incapable of self-rule, and fear that if the United States did not take control of the islands, another power (such as Germany or Japan) might do so.

Does Philippines have free trade?

PJEPA is the Philippines’ only bilateral free trade agreement, covering, among others, trade in goods, trade in services, investments, movement of natural persons, intellectual property, customs procedures, improvement of the business environment, and government procurement.

What is the United States #1 import?

Searchable List of America’s Most Valuable Import Products

Rank US Import Product 2020 Value (US$)
1 Cars $145,659,382,000
2 Computers, optical readers $104,948,207,000
3 Phone system devices including smartphones $102,547,452,000
4 Medication mixes in dosage $95,175,568,000

What is America’s #1 export?

Transportation equipment was the top commodity exported by the US last year, accounting for almost 18% of the country’s total exports. This category includes aerospace products and parts, motor vehicles, railroad stock, and ships and boats.

What food does the Philippines import?

On average, we import around 14, 12, 71, 14, 6, 39, 38, 91 and 75 percent of our rice, corn, coffee, pork, chicken (dressed), beef, onion, garlic, and peanut, respectively.

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