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03-11-2023
Philippine exports account for nearly one-third of GDP. In August, Philippine exports amounted to $6.7 billion.Philippine merchandise exports in 2022 totaled $78 billion, a 5.77% increase from 2021.
The Philippines is the world's largest producer of coconuts, pineapples and manila hemp. Coconut oil is an important agricultural commodity for the Philippines and the country has been a major global supplier of the commodity.
The latest Tendata iTrader data, based on the 2-digit HS code, the top 10 Philippine exports are:
1. Electrical, electronic equipment (55.19%)
2. Machinery, nuclear reactors, boilers (9.22%)
3. Optical, photo, technical, medical apparatus (3.05%)
4. Copper (2.88%)
5.Animal, vegetable fats and oils, cleavage products (2.79%)
6.Ores slag and ash (2.60%)
7.Edible fruits, nuts, peel of citrus fruit, melons (2.43%)
8. Pearls, precious stones, metals, coins (1.67%)
9. Mineral fuels, oils, distillation products (1.57%)
10. Plastics (1.41%)
11.Vehicles other than railway, tramway (1.21%)
When you need to conduct a market analysis for your industry, you can find the latest Philippine exporters in Tendata's import/export database by product name or 2-digit HS code. Below is a sample of the search for you (data as of September 2023):
Based on the more granular 4-digit HS code, the top 10 Philippine exports (sub-categorized) are:
- 8542- Electronic integrated circuits and microassemblies (36%, $28 billion)
- 8544- Insulated, including enameled or anodized) wires, cables, including coaxial cables) and other insulated electrical conductors; fiber optic cables consisting of individually sheathed optical fibers (3.51%, $2.77 billion)
- 8471- Automatic data processing machines and devices therefor; magnetic or optical readers (2.94%, $2.32 billion)
- 1513- Coconut oil, palm kernel oil or babassu oil and fractions thereof (2.69%, $2.12 billion)
- 8443- Printing machinery; other printers, photocopiers and facsimile machines; parts thereof and accessories thereof (2.59%, $2.04 billion)
- 7403- Refined Copper and Copper Alloys (2.43%, $1.92 billion)
- 8504- Power Transformers, Static Converters and Inductors (2.29%, $1.81 billion)
- 8541- Semiconductor Devices (2.16%, $1.71 billion)
- 8517- Electrical equipment for line telephony or line telegraphy; videophones (1.78%, $1.41 billion)
- 2604- Nickel Ores and Concentrates (1.59%, $1.25 billion)
When you need to look up potential Filipino customers for a product, you can follow the 4-digit HS code to find the latest Filipino exporters in Tendata's import/export database. Below is a sample of the search for you (data as of September 2023):
The Philippines' major export partners are:
1. USA (15.8% , 12.4 billion US$)
2. Japan (14% , 11 billion US$)
3. China (13.8% , 10.9 billion US$)
4. Hong Kong (13.2% , 10.4 billion US$)
5. Singapore (6.21% , 4.9 billion US$)
6. Thailand (4.27% , 3.37 billion US$)
7.Korea (3.96% , 3.12 billion US$)
8. Malaysia (3.75% , 2.96 billion US$)
9. Netherlands (3.72% , 2.94 billion US$)
10.Germany (3.52% , 2.77 billion US$)
When you want to find out if your country has any cooperation with the Philippines, you can search Tendata's import/export database for the latest Philippine exporters by country name. Below is a sample of the search for you (data as of September 2023):
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