The Philippines is located in South-Eastern Asia, an archipelago between the Philippines Sea and the South China Sea, east of Vietnam. Philippines posts regular trade deficits due to high imports of raw materials and intermediate goods. The country’s main imports are composed of fuel, electronic products, transport equipment and industrial machinery. The Philippines is a leading exporter of electronic products including processors, chips and hard drives as well as of agricultural products, including coconut, pineapple and abaca. Major export partners are Japan, the United States and China. The country is a member of the World Trade Organization (WTO) and of the Association of Southeast Asian Nations (ASEAN).
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.