In 2014, exports from the Philippines amounted to US$61.8 billion, up 20% since 2010. Philippines’ top 10 exports accounted for 78.6% of the overall value of its global shipments.

 

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, the Philippines’ total Gross Domestic Product amounted to $692.2 billion in 2014.

 

Therefore, exports accounted for about 8.9% of total Filipino economic output.  Given the Philippines’ population of 101 million people, its total $61.8 billion in 2014 exports translates to roughly $612 for every resident in that country.  Philippines’ unemployment rate was 6.8% in 2014.

 

Philippines Top 10 Exports

 

The following export product groups represent the highest dollar value in Filipino global shipments during 2014. Also shown is the percentage share each export category represents in terms of overall exports from the Philippines.

 

1. Electronic equipment: US$23.1 billion (37.4% of total exports)

2. Machines, engines, pumps: $8.9 billion (14.4%)

3. Wood: $3.1 billion (5%)

4. Ores, slag, ash: $2.9 billion (4.6%)

5. Medical, technical equipment: $2.3 billion (3.7%)

6. Oil: $1.8 billion (3%)

7. Fruits, nuts: $1.7 billion (2.7%)

8. Vehicles: $1.7 billion (2.7%)

9. Ships, boats: $1.6 billion (2.5%)

10. Animal/vegetable fats and oils: $1.5 billion (2.4%)

 

Medical and technical equipment was the fastest-growing among the top 10 export categories, up 340.3% in value for the 5-year period starting in 2010.  In second place for improving export sales was ships and boats which were up 288.4% led by cruise ships, cargo ships and barges.

 

Filipino ores, slag and ash posted the third-fastest gain in value at 266.7%. Notable gainers were nickel, copper and iron ores and concentrates.

 

The only declining category among the top 10 Filipino exports was vehicles which was down in value by 10.8%.

 

Filipino Export Companies

 

Here are some of the larger international trade players for the Philippines:

 

• San Miguel Corporation (industrials conglomerate)

• Manila Electric Company (electric utility)

• Ayala Corporation (industrials conglomerate)

 

According to global trade intelligence firm Zepol, the following companies are examples of Filipino exporters:

 

• Acbel Polytech Philippines (electric static converters, primary batteries)

• Calfurn Mfg Philippines (bamboo/wood furniture, kitchenware, tableware)

• Yuenthai Philippines (shirts, blouses)

• Pacific Paint Boysen Philippines (polymers, oils)

• Aruze G A Philippines Branch (machine tools, printers, copiers, operated games)

 

Source:    http://www.worldstopexports.com/philippines-top-10-exports/