Japan’s top 10 imports from the Philippines in 2015 represent US$4.7 billion in sales, over half of total Japanese purchases of Filipino imports for the year.
Revenue for those same 10 imported Filipino product was up in value by 0.8% since 2013 but fell -9.2% from 2014.
Japan has a population of 126.9 million people and is the world’s fourth richest country based on purchasing power parity, a methodology that considers living costs and inflation.
Overall, Japan bought $8.9 billion worth of imported goods from the Philippines during 2015.
Japan’s Top 10 Imports from the Philippines
Below are the top 10 import products shipped from the Philippines to Japan during 2015. Shown within parenthesis is the percentage change in sales over the three-year period starting in 2013.
- Insulated wire/cable: US$863 million (up 6.3% since 2013)
- Bananas, plantains: $722.7 million (down -3.9%)
- Wood carpentry, builders’ joinery: $622.5 million (down -13%)
- Solar power diodes/semi-conductors: $594.2 million (down -21.2%)
- Nickel matte, oxide sinters: $591.6 million (up 82.7%)
- Copper ores, concentrates: $367.5 million (up 29.4%)
- Computers, optical readers: $264.2 million (down -17.7%)
- Integrated circuits/microassemblies: $258 million (down -13.4%)
- Electrical converters/power units: $243.6 million (down -8.8%)
- Computer parts, accessories: $209.4 million (up 20.9%)
Most of the above items support Japan’s massive consumer electronics and computer industries. Other products like wood carpentry and builders’ joinery are important ingredients for Japanese construction.
Imported bananas and plantains are the Filipino food product most in demand by Japanese consumers. Philippines placed third among the world’s biggest suppliers of fresh or dried plantains, trailing only Ecuador and Belgium.
Among Japan’s Top 10 Imports from the Philippines, nickel matte and oxide sinters increased in value the most up by 82.7% since 2013.
Also appreciating were copper ores and concentrates (up 29.4%), computer parts and accessories (up 20.9%) and insulated wire or cable (up 6.3%).
Leading decliners in Japanese imports were Filipino solar power diodes and semi-conductors (down -21.2%), computers including optical readers (down -17.7%), integrated circuits and microassemblies (down -13.4%) and wood carpentry and builders’ joinery (down -13%).
Even the value of Filipino bananas and plantains shipments to Japan dropped, down -3.9% from 2013.