On a one-year basis, the Philippines recorded a disappointing report card in international trade. Filipino export sales fell in value by -5.1% from 2014 to 2015, while import spending grew by 3.6%. Even worse, the East Asian island country’s overall trade deficit almost doubled from US$5.9 billion during 2014 to $11.5 billion for 2015. But here’s some good news: international … [Read more...]
Philippines Top 15 Trade Surpluses by Product
The Philippines recorded an overall trade deficit of -US$11.5 billion during 2015, a 26.5% improvement from the -$15.7 billion Filipino deficit in 2011. But not all products that the Philippines buys and sells on global markets result in more money flowing out of the island country for import purchases from foreign suppliers than flow in as exports revenues from international … [Read more...]
Most Valuable Filipino Export Products
The Philippines ran up an overall -US$11.5 billion trade deficit during 2015 up by 95.3% from $5.9 billion for 2014. Yet hidden in the latest annual export statistics are fast-growing export success stories that confirm competitive advantages especially in building aircraft parts and making electronic components in the Philippines. Solar power semi-conductors, wood carpentry, … [Read more...]
Philippines Copper Exports by Buyer Country
In 2015, the Philippines shipped US$860.2 million worth of copper products to its international customers. That dollar amount represents a -36.8% drop from the $1.4 billion in global sales five years earlier in 2011. Year over year, the value of copper exports from the Philippines improved by 30.6% compared to the $658.9 million in revenue garnered during 2014. The two-digit … [Read more...]
Imported Cheese Cravings in the Philippines
In 2015, the Philippines imported US$90.8 million worth of cheese. That amount represents a 30.8% gain from $69.8 million bought from international sources five years earlier in 2011. Year over year, the value of imported cheese shipped to the Philippines increased by 13.9% in 2015 compared to $79.8 million during 2014. The Philippines generated a mere $1.5 million in cheese … [Read more...]