10 Export Products of the Philippines
Top 10 Export Products of the Philippines: Situated in the Southeast region of Asia, the Philippines is encircled by ocean on most sides. Mani la serves as the capital of this island nation. The Philippines is a nation in Southeast Asia on the Asian continent.
The capital city of the Philippines, “Manilas,” is one of the main ports where regular international trade takes place. Water bodies share nearly all of the country’s borders:
the South China Sea to the west, the Pacific Ocean to the east, and the Celebs Sea to its southernmost point. The countries that the Philippines has land borders with include China, Indonesia, Palau, and Vietnam.
Export Products of the Philippines
Top 10 Export Products of the Philippines: The nation is made up of over 7,100 islands dispersed over an area of about 3 lakh square kilometres. The country has a tropical climate and a nearly 93% literacy rate.
The US dollar is equivalent to one Philippine Peso, which is the currency used here. One Philippine Peso is worth 50–54 USD. 10 Export Products of the Philippines.
Top 10 Export Products
The Philippines is a tropical nation that has long been involved in global exporting a wide range of goods. The Philippines sold items valued at USD 74.61 billion to customers worldwide in 2021, according to export data from the government.
The principal goods exported from the Philippines in 2021, according to authorities, the Philippines Trade Data, and other publications, were: 10 Export Products of the Philippines.
- Appliances and devices powered by electricity, along with related items (USD 38.07 million)
- Boilers, nuclear reactors, and mechanical goods (USD 9.45 million)
- Copper-based items (USD 2.58 million)
- Precision, medical, and optical goods (USD 2.20 million)
- Slag, ash, and product ore (USD 1.98 million)
- Food items such as melons, almonds, and fruits (USD 1.91 million)
- Vegetable and animal oils and fats (USD 1.49 million)
- Items made of plastic (USD 1.26 million)
- vehicles, particularly four-wheelers, and automobiles (USD 1.17 million)
- precious metals, including silver, gold, and diamonds (USD 1.13 million)
According to the Philippines Export Data for the year 2021, the aforementioned items are the most exported from the Philippines and are ranked among the top 10 export commodities from the country.
Aside from the aforementioned top ten products, small-volume exports in 2021 included mineral fuels and oil, leather goods, ships, and boats.
The Philippines’ top ten export partners
Top 10 Export Products of the Philippines: Now that we are aware of the top exports from the Philippines to the global market, let’s discuss the country’s main export partners, as shown in the Philippines Export statistics, to whom the country sends the majority of its products. The following are the Philippines’ top ten export partners:
- American dollars (USD 11.85 million)
- China (11,53 million USD)
- (USD 10.72 million) Japan
- (USD 9.93 million) Hong Kong
- Singapore (fourteen million USD)
- Thailand ($3.45,500,000 USD)
- Germany (two million US dollars)
- Korea (257 million USD)
- Taipei, China ($2.52 million USD)
- Netherlands (2.25 million USD)
The top ten countries for whom the Philippines exported goods in 2021 accounted for 74.61 million USD of the country’s total exports. In the next years, we want to see even greater growth in these numbers.
What food does Philippines export?
The Philippines exports a variety of food products, including:
- Fruits: Bananas, pineapples, mangoes, and coconut products are among the top fruit exports.
- Seafood: Tuna, shrimp, and other seafood products are significant exports.
- Processed Food: Processed food items such as canned fruits, preserved fruits, dried fruits, and fruit juices are exported.
- Coconut Products: Coconut oil, desiccated coconut, and coconut water are major exports.
- Sugar: The Philippines is one of the world’s largest exporters of sugar.
- Coffee: The country produces and exports various types of coffee, including Robusta and Arabica.
- Fish and Seafood Products: Apart from fresh seafood, processed fish products like dried fish (daing) and fish sauce (patis) are also exported.
- Chocolate: Cacao beans and chocolate products are exported, as the Philippines is gaining recognition for its quality cacao beans.
- Processed Meat: Products like canned meat (corned beef, luncheon meat) and processed meat products are exported.
- Rice: While primarily a rice-consuming nation, the Philippines also exports rice, albeit in smaller quantities compared to its domestic consumption.
These are just some of the main food products exported by the Philippines, contributing significantly to the country’s economy.
Top 10 Export Products of the Philippines
Finally, we would like to say that the Philippines is a nation that has been able to maintain positive trading connections with a number of other countries. It is a welcoming and developing country with a wealth of chances for its citizens and traders that will gradually present themselves in the future.
Conclusion
Top 10 Export Products of the Philippines: We hope you enjoyed reading our insightful study on the top 10 Philippine exports in previous years, which also included a list of the country’s top 10 export partners as of 2021.Follow us on our website for more incredible and educational content.