12-Feb-2025
Key Highlights:
The top Philippines export products are electrical machinery and equipment, machinery (including computers), copper, medical apparatus and ash.
The top Philippines import and export products are electronic products, mineral products, ignition wiring, and agricultural products, while the major imported products are integrated circuits, petroleum oils, coal and pharmaceutical products.
As per Philippines export data, the overall export sales showed yearly decreases of 8.6 percent in November 2024 and 0.5 percent in December 2023.
The main export of Philippines are plastics, copper, vehicles and metals.
The Philippines is a Southeast Asian island nation located in the western Pacific Ocean. The archipelago is made up of over 7000 islands and islets. The Philippines has seen substantial economic development and change in the past, registering one of Asia's highest rates of GDP growth.
Overall, the nation's goods exports totaled USD 15.45 billion in December 2024, a 1.9 percent annual decline from the USD 15.75 billion total exports during the same period the year before. In addition to agricultural goods, the top Philippine exports include fruits, nuts, machinery, industrial and manufacturing goods, and more. Today in this blog, we will explore the top Philippines export products, filipino products for export, Philippines export data and agricultural export products of the philippines.
In order to support economic growth, generate jobs, and meet its foreign exchange needs, the Philippines exports goods. Nearly one-third of the Philippines' GDP comes from exports, making it a strong export-oriented nation.
To boost its economy and compete in the global market, the Philippines exports a wide range of goods. The largest exports, accounting for a sizeable amount of the nation's export earnings, are electrical machinery and equipment. Precious metals, fruits, ores, copper, medical equipment, machinery, and other manufactured goods are among the other main exports.
The Philippines prioritizes exports to meet its foreign exchange requirements, create jobs, boost economic expansion, and open up new markets for its goods. Additionally, exporting enables the nation to make the most of its resources and production capacity, which promotes stability and economic growth in general.
As per Philippines export data, the country's total export sales in December 2024 were USD 5.66 billion, a 2.2% decrease from USD 5.78 billion in the same month the previous year.
The overall export sales showed yearly decreases of 8.6 percent in November 2024 and 0.5 percent in December 2023.
Now explore the Philippines biggest export or list of Philippine export products.
Here is the updated list of Philippine export products and best exported goods from philippines.
Electrical machinery and equipment
Machinery, including computers
copper
Optical, technical, and medical apparatus
Ores, slag, and ash
Fruits, Nuts
Animal/vegetable fat, oil, and waxes
Plastics, plastic articles
vehicles
Let’s analyze the major Philippines export products in a table format.
|
S.no. |
Philippine top exports |
Philippines Export Data |
Percentage of total export |
|
1 |
Electrical machinery and equipment |
$40.6 billion |
55.6% |
|
2 |
Machinery, including computers |
$6.3 billion |
8.7% |
|
3 |
copper |
$2.51 billion |
3.4% |
|
4 |
Optical, technical, and medical apparatus |
$2.51 billion |
3.4% |
|
5 |
Ores, slag, and ash |
$2.2 billion |
3.1% |
|
6 |
Fruits, Nuts |
$ 2.0 billion |
2.7% |
|
7 |
Gems, precious metals |
$1.4 billion |
2% |
|
8 |
Animal/vegetable fat, oil, and waxes |
$1.3 billion |
1.8% |
|
9 |
Plastics, plastic articles |
$1.1 billion |
1.5% |
|
10 |
vehicles |
$ 942.2 million |
1.3% |
To help you learn more, here is a thorough summary of the major export of philippines:
According to Philippines export data, in 2023, the Philippines exported electrical machinery and equipment worth 40.6 billion USD.
With 55.6% of the Philippines' total exports, it is one of the top exports from the nation.
The most common electrical equipment that the Philippines exports are semiconductors.
The United States, China, Japan, and Germany are the top export markets for electrical equipment.
The Philippines exported machinery, including computers and computer accessories, worth 6.3 billion USD.
Integrated circuits, insulated wires, semiconductor devices, and office machine parts are examples of machinery other than computers.
Brazil, the United States, Malaysia, Germany, and Hong Kong are the leading export destinations for machinery, which includes computers and computer accessories.
Based on Philippine export data, in 2023, the Philippines exported copper ore worth 2.52 billion USD.
The Philippines' top copper exports are unrefined copper, copper alloys, and copper foil.
The primary copper product exported from the Philippines is unrefined copper, which has become more and more in demand over time.
The top export destinations for copper ore are South Korea, Singapore, China, Japan, and Malaysia.
The Philippines shipped 2.51 billion USD worth of optical, technical, and medical equipment in 2023.
With 3.4% of all Philippine exports, it represents a sizeable portion.
Japan, South Korea, the United States, Vietnam, and Colombia are the top export markets for optical, technical, and medical equipment from the Philippines.
According to Philippine export data, ores, slag, and ash were among the country's top exports in 2023, worth 2.2 billion USD.
Iron, zinc, copper, ash and residues, non-iron and steel slag, molybdenum, manganese, metal, nickel, and aluminum are the main types of ore, slag, and ash.
The Philippines' major export destinations for ores, slag, and ash are China, Japan, Singapore, India, and Korea.
So, these are the major Philippines export products or biggest export of the Philippines. However, if you need the major export products of philippines, Filipino products for export or the best export products from philippines, visit our dashboard today.
Exporters can easily find genuine Philippines export products or buyers for their products because exportimportdata.in offers export data for specific products by region, making our export and import data simple to use.
We are well-known for our real-time information database compiled from reliable sources. It will connect you with Philippines suppliers or buyers from all over the world.
At ExportImportData platform, you can easily analyze the India trade data, Indonesia export-import data, product-wise HS Codes, shipment values, quantities, and port details. To obtain reliable and relevant Philippine export data, traders need to find the best export import data provider and gain Philippine export data without delay.
Final Words!
To sum up, the top Philippines export products provide a glimpse of a developing nation. The country's diverse exports, which range from precious metals to electrical machinery, demonstrate its expertise across a variety of industries.
By looking at the major export of philippines and supply partners, we have a thorough understanding of its position in the global market. If you have any questions concerning Philippine customs statistics, the main export of philippines, or the top exports of the Philippines, please visit ExportImportData.in. Our team of professionals will assist you to the best of their ability. Click here to arrange a free demo.
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
In 2023, the country exported fruits and nuts for $1.95 billion, or 2.7% of total exports, making it one of the country's top agricultural exports. Other top export crops in the Philippines are coconut, banana, pineapple, mango, and coffee.
The Philippines exports a variety of products to India, including machinery, electrical equipment, gold, and office machine parts.
The United States is the top export destination for the Philippines. Other top Philippines export markets include Japan, China, Hong Kong, and Singapore.
The top 10 agricultural exports of the Philippines include coconut, pineapple, bananas, coffee, sugar, guava, papaya, tamarind, peanuts, and cashews.
According to Philippines export data, in 2023, the Philippines exported electrical machinery and equipment worth 40.6 billion USD. With 55.6% of the Philippines' total exports, it is one of the top exports from the nation.
