the Philippines

 

Manila, Luzon

 

Themes

Regions

More Information

 

Economic statistics of the Philippines (1)

 

 

Foreign Trade

 

Trading partners

 

The Philippines has a lot of trading partners. With a few countries there is clearly a more intensive trade. There is a real "top ten" of countries as trading partners. 

 

Which countries are the most important for the foreign trade?  

Make a survey of the statistics!

 

The 'Top of the Trading partners'  in 1996, value in US dollars

 

Rank        Countries export import
 1 USA  6.655.073 6.361.154
 2 Japan  3.667.446 7.128.891
 3 Singapore  1.223.537 1.740.392
 4 Taiwan     661.235 1.598.093
  5  Hong Kong        868.130 1.360.113
 6 Germany      847.005 1.209.257
 7 South-Korea         370.480 1.673.249
 8 Saudi - Arabia       54.582 1.671.263
 9 Malaysia     680.405    767.926
10  the Netherlands

 1.114.585

   330.797

Source: NATIONAL STATISTICS OFFICE , Manila, Philippines

 

 

The balance of trade

 

The 'balance of trade' is the balance (the difference) between the value of the incoming products and the value of the outgoing products. For the Philippines the 'balance of trade'  is negative for many years. It means that the Philippines has to pay more for the products which are bought outside, than the earnings from selling products to foreign countries. That can be seen as a negative situation.

 

Balance of trade

 

'Balance of trade'  between the Philippines and   the most important Trading Partners  (in thousand / US $)
Trading partners

1991

1996

Australia

 -276270

-647,703
Belgium     -12747 -113,645
Brazil -175,160 -281,105
China                   -95,730 -348,585
France                  24,576 -173,324
Germany                  36,944    -362,253
Hong Kong          -204,370   -491,983
India                  -51,188   -182,108
Indonesia          -120,283  -502,858
Iran             -187,139   -285,793
Ireland              -11,413 -175,400
Israel                -46,543    -158,992
Italy                   -23,162   -203,301 
Japan             -601,578 -3,461,44  
Korea, Rep. of      -380,716 -1,302,769   
the Netherlands            194,240   783,788
New Zealand            -58,944   -137,161
Oman                           1,296   -165,990
Russia                  -16,482    -448,777
Saudi Arabia        -583,404   -1,616,681    
Singapore          -225,821  -516,855
Sweden                 -10,114   -186,068
Switzerland             -68,839 -165,450
Taiwan            -614,874   -936,858
Thailand               126,618 178,251
UK                     156,712  457,221
United Arab Emirates, Abu    Dhabi & Dubai  -200,493   -175,966
USA                  717,374   293,919
All Countries -3,211,849     

-12,266,707       

Source: NATIONAL STATISTICS OFFICE , Manila, Philippines

 

|  1  |  2  |