|Market||Trade (US$ Mil)||Partner share(%)|
|Hong Kong, China||9,625||13.57|
What is Philippines largest trading partner?
Also shown is each import country’s percentage of total Filipino exports.
- Japan: US$9.9 billion (15.5% of total Filipino exports)
- United States: $9.7 billion (15.2%)
- China: $9.6 billion (15.1%)
- Hong Kong: $9.1 billion (14.2%)
- Singapore: $3.8 billion (5.9%)
- Thailand: $2.9 billion (4.5%)
- South Korea: $2.5 billion (4%)
What is the Philippines biggest export?
Searchable List of Philippines’ Most Valuable Export Products
|Rank||Philippines’ Export Product||Change|
|2||Computers, optical readers||-28.8%|
|3||Computer parts, accessories||+55.9%|
Does the Philippines trade with other countries?
The Philippines-EFTA covers trade in goods, trade in services, investment, competition, intellectual property, government procurement, and trade and sustainable development. Under ASEAN, the Philippines has a preferential trade agreements with China, Hong Kong, India, Japan, South Korea, and Australia and New Zealand.
Do we trade with the Philippines?
Philippines is currently our 31st largest goods trading partner with $21.4 billion in total (two way) goods trade during 2019. … The U.S. services trade deficit with Philippines was $2.3 billion in 2019. Exports. Philippines was the United States’ 32nd largest goods export market in 2019.
Why did the US want the Philippines?
Americans who advocated annexation evinced a variety of motivations: desire for commercial opportunities in Asia, concern that the Filipinos were incapable of self-rule, and fear that if the United States did not take control of the islands, another power (such as Germany or Japan) might do so.
What do you think is the biggest export country for the Philippines?
The top export destinations of the Philippines are Hong Kong ($13.9 billion), United States ($13.8 billion), China ($13.3 billion), Japan ($11.2 billion), and Singapore ($7.92 billion).
Why Philippines is still a poor country?
Other causes of poverty in the Philippines include low job creation, low economic growth and high levels of population growth. … The high rates of natural disasters and large numbers of people living in rural areas contribute to this hunger problem and make food inaccessible for many in the Philippines.
Is Philippines a third world country?
The Philippines is historically a Third World country and currently a developing country. The GDP per capita is low, and the infant mortality rate is high. Many of its citizens lack access to health care and higher education as well.
What is the rank of the Philippines in the world in terms of trading?
In 2019 Philippines imported $127B, making it the number 33 trade destination in the world.