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The Philippines' trade data offers valuable insights into the country's import and export activities. It includes details on trade volumes, values, major trading partners, and the types of goods traded. This data helps understand the Philippines' role in global trade, track market trends, and evaluate economic performance. Businesses, analysts, and policymakers use this information to identify opportunities, make strategic decisions, and support economic growth.
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2. Market Demand Identification
3. Competitor Analysis
4. Supply Chain Optimization
5. Regulatory Compliance
6. Economic Indicator
Philippines’ top 10 trading partners based on export sales in 2023:
United States: $11.4 billion (15.7% of total Filipino exports)
China: $10.6 billion (14.6%)
Japan: $10.4 billion (14.3%)
Hong Kong: $8.8 billion (12%)
Singapore: $3.52 billion (4.8%)
South Korea: $3.48 billion (4.8%)
Netherlands: $3.1 billion (4.2%)
Thailand: $2.9 billion (4%)
Taiwan: $2.6 billion (3.6%)
Germany: $2.5 billion (3.4%)
Philippines’ top 10 trade industries:
Electrical machinery and equipment
Machinery including computers
Copper
Optical, technical, and medical apparatus
Ores, slag, and ash
Fruits and nuts
Gems and precious metals
Animal/vegetable fats, oils, waxes
Plastics and plastic articles
Vehicles
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