How much does the Philippines export to EU?
In 2016, the Philippines’ GSP preferential exports to the EU amounted to over EUR 6.3B. This resulted in a GSP+ utilization rate of 71%, making the economy one of the two biggest beneficiaries of the trade preference along with Pakistan. In 2017, that figure rose even further to EUR 7.57B, a 32.8% increase.
What is the Philippines main export?
Exports in Philippines account for nearly a third of GDP. Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca.
What is the largest export of the Philippines *?
Searchable List of Philippines’ Most Valuable Export Products
| Rank | Philippines’ Export Product | Change |
|---|---|---|
| 1 | Integrated circuits/microassemblies | +6.5% |
| 2 | Computers, optical readers | -28.8% |
| 3 | Computer parts, accessories | +55.9% |
| 4 | Insulated wire/cable | -17.3% |
Who exports most to the EU?
China
List of the largest trading partners of the European Union
| Rank | Country/district | Exports |
|---|---|---|
| 1 | China | 202.5 |
| 2 | United States | 353 |
| 3 | United Kingdom | 277.5 |
| 4 | Switzerland | 142.4 |
Why is Philippines not a member of OECD?
The country will be removed from the list of “harmful tax regimes” by the Organisation for Economic Co-operation and Development (OECD) starting next year, the DoF said. The Philippines was flagged for the ROHQ preferential tax, which the OECD said gives foreign companies an advantage over domestic taxpayers.
What are the top 5 export commodities of the Philippines?
Top 5 Commodity Exports
- Gold – $2 billion.
- Bananas – $1.8 billion.
- Coconut Oil – $1.3 billion.
- Refined Copper – $1.1 billion.
- Copper Ore – $670 million.
What products does Philippines import to other countries?
Top 10
- Electrical machinery, equipment: US$27 billion (23.9% of total imports)
- Mineral fuels including oil: $13.6 billion (12%)
- Machinery including computers: $12.5 billion (11.1%)
- Vehicles: $8.5 billion (7.5%)
- Iron, steel: $3.9 billion (3.5%)
- Plastics, plastic articles: $3.7 billion (3.3%)
- Cereals: $2.9 billion (2.6%)
What does the Philippines export to China?
The Philippines and China bilateral trade reached close to US$50 Billion in 2019, growing at an average of 17 percent in the last five years. Top export products to China are electronic parts and semiconductors, mineral ores and agricultural products such as bananas, pineapples and marine products.
What does Europe import the most?
In 2020, the top 5 EU import products were computer, electronic & optical products, crude petroleum & natural gas (both 13 % of total imports), chemicals & chemical products (7 %), machinery & equipment and motor vehicles, trailers & semi-trailers (both 6 %).
Are all EU countries in OECD?
OECD-Europe comprises all European members of the OECD (not necessarily EU members).
How much does the EU trade with the Philippines?
The Philippines is a member of the WTO since 1995 and enjoys enhanced trade preferences with the EU under the EU’s Generalised Scheme of Preferences plus (GSP+). Trade in goods between the two partners equaled €12.2 billion in 2020 while bilateral trade in services between the EU and the Philippines reached €4.3 billion in 2019.
How much does the Philippines export in a year?
The country’s total export sales in January 2021, amounting to USD 5.49 billion, decreased at an annual rate of -5.2 percent, from an annual increase of 1.7 percent in the previous month and 9.4 percent in January 2020. (Figure 2, and Tables A and 2)
Who are the main export partners of the Philippines?
Philippines’s main export partners are: Japan (21 percent), the United States (15 percent), China (12 percent) and Hong Kong (8 percent). This page provides – Philippines Exports – actual values, historical data, forecast, chart, statistics, economic calendar and news.
Where does the Philippines get most of its goods from?
From a continental perspective, 70.1% of Philippines’ exports by value were delivered to fellow Asian countries while 16.7% were sold to importers in North America. Philippines shipped another 11.6% worth of goods to Europe.