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 Philippine

International trade

            Over the last two decades, the relatively closed Philippine economy has opened significantly. The share of foreign trade in country's GDP is around 95%. Philippines is also a member of ASEAN (Association of Southeast Asian Nations). The Items mainly imported by Philippine are electronic and electric equipment, mineral fuels & oils, nuclear reactors and boilers, iron and steel and vehicles. The import partners are: the USA, Japan and Singapore.

 

 

 

 

 

 

Agriculture products:

            sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes, eggs, beef; fish

 

Industries:

            electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing

 

Imports:

            $51.6 billion f.o.b. (2006 est.)

 

Philippine Major Imports:

            electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic

 

Imports partners:

            US 19.2%, Japan 17%, Singapore 7.9%, Taiwan 7.5%, China 6.3%, South Korea 4.8%, Saudi Arabia 4.6%, Hong Kong 4.1%

 

Exports:

            $47.2 billion f.o.b. (2006 est.)

 

Philippine Export:

            semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits

 

Exports Partners:

            US 18%, Japan 17.5%, China 9.9%, Netherlands 9.8%, Hong Kong 8.1%, Singapore 6.6%, Malaysia 6%, Taiwan 4.6%

 

Currency (code):

            Philippine peso (PHP)

 

Ports and terminals:

            Cagayan de Oro, Cebu, Davao, Iligan, Iloilo, Manila, Surigao

 

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