Philippines Top 10 Exports

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Located in the western Pacific Ocean, the Southeast Asian nation called the Republic of Philippines shipped US$63.2 billion worth of goods around the globe in 2017. That dollar amount reflects an 11.5% increase since 2013 and a 12.3% gain from 2016 to 2017.

Based on estimates from the Central Intelligence Agency’s World Factbook, exported goods plus services from the Philippines represent 32.1% of total Filipino economic output or Gross Domestic Product. Please note that the overall value of exported goods and services includes re-exports. The analysis below focuses on exported products only.

From a continental perspective, about two-thirds (66.4%) of Filipino exports by value were delivered to fellow Asian countries while 16.3% were sold to North American importers. The Philippines shipped another 15.4% worth of goods to European clients.

Given the Philippines’ population of 104.3 million people, its total $63.2 billion in 2017 exports translates to roughly $600 for every resident in the densely populated Southeast Asian island.

The unemployment rate for the Philippines was 5.3% in January 2018 compared to 4.7% as of December 2016, per Trading Economics.

Philippines Top 10 Exports

Top 10

The following export product groups represent the highest dollar value in Filipino global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from the Philippines.

  1. Electrical machinery, equipment: US$28.4 billion (44.8% of total exports)
  2. Machinery including computers: $9.4 billion (14.8%)
  3. Optical, technical, medical apparatus: $2.6 billion (4.1%)
  4. Copper: $2.1 billion (3.2%)
  5. Ships, boats: $1.7 billion (2.7%)
  6. Animal/vegetable fats, oils, waxes: $1.6 billion (2.6%)
  7. Wood: $1.4 billion (2.2%)
  8. Gems, precious metals: $1.4 billion (2.1%)
  9. Fruits, nuts: $1.2 billion (1.9%)
  10. Vehicles: $1.2 billion (1.8%)

Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level. For a more granular view of exported goods at the four-digit HTS code level, see the section Searchable List of Philippines’ Most Valuable Export Products further down near the bottom of this article.

Philippines top 10 exports accounted for four-fifths (80.4%) of the overall value of its global shipments.

Copper was the fastest-growing among the top 10 export categories, up 213.9% from 2016 to 2017.

In second place for improving export sales were Filipino shipments of gems and precious metals which rose in value by 79% propelled by booming international sales of gold.

High expense items ships and boats posted the third-fastest gain improving by 61.6%.

Only two of the top Filipino export categories declined in value, namely vehicles (down -17.6%) and wood (down -50.8%).

Advantages

The following types of Filipino product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports is the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

  1. Electrical machinery, equipment: US$6.8 billion (Up by 50.7% since 2016)
  2. Ships, boats: $1.5 billion (Up by 84.8%)
  3. Copper: $1.3 billion (Up by 3445.6%)
  4. Gems, precious metals: $1.2 billion (Up by 98.1%)
  5. Fruits, nuts: $873.2 million (Up by 9%)
  6. Wood: $782.9 million (Down by -66.2%)
  7. Optical, technical, medical apparatus: $730.1 million (Down by -18.7%)
  8. Animal/vegetable fats, oils, waxes: $521.6 million (Up by 72.5%)
  9. Nickel: $429.3 million (Up by 75.3%)
  10. Knit or crochet clothing, accessories: $399.4 million (Down by -13.1%)

The Philippines has highly positive net exports in the international trade of electronic equipment including consumer electronics. In turn, these cashflows indicate the Philippines’ strong competitive advantages under the electronic equipment category.

Opportunities

Overall, the Philippines incurred a -$35.3 billion trade deficit in 2017 up 19.1% from the -$29.6 billion in red ink one year earlier.

Below are exports from the Philippines that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country the Philippines’ goods trail Filipino importer spending on foreign products.

  1. Mineral fuels including oil: -US$10.3 billion (Up by 35.5% since 2016)
  2. Vehicles: -$7.5 billion (Up by 21.5%)
  3. Machinery including computers: -$4 billion (Up by 3.5%)
  4. Iron, steel: -$3.7 billion (Up by 25.3%)
  5. Plastics, plastic articles: -$2.5 billion (Up by 7.3%)
  6. Cereals: -$1.6 billion (Up by 11%)
  7. Pharmaceuticals: -$1.6 billion (Up by 18.6%)
  8. Ores, slag, ash: -$1.3 billion (Down by -266.6%)
  9. Miscellaneous food preparations: -$1.2 billion (Up by 10.5%)
  10. Aircraft, spacecraft: -$1.2 billion (Up by 13.8%)

The Philippines has highly negative net exports and therefore deep international trade deficits for mineral fuels-related products especially crude then refined oils, coal and petroleum gases.

These cashflow deficiencies clearly indicate the Philippines’ competitive disadvantages in the international fossil fuel market, but also represent key opportunities for the Philippines to improve its position in the global economy through focused innovations particularly in alternative energy sources.

Companies

Filipino Export Companies

Ten Filipino corporations rank among Forbes Global 2000. Below is a sample of the major export companies headquartered in the Philippines that Forbes included:

  • Aboitiz Equity Ventures (industrial conglomerates)
  • Alliance Global Group (industrial conglomerates)
  • Ayala (industrial conglomerates)
  • PLDT (telecommunications services)
  • San Miguel (industrial conglomerates)

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

  • Acbel Polytech Philippines (electric static converters, primary batteries)
  • Aruze G A Philippines Branch (machine tools, printers, copiers, operated games)
  • Calfurn Mfg Philippines (bamboo/wood furniture, kitchenware, tableware)
  • Pacific Paint Boysen Philippines (polymers, oils)
  • Yuenthai Philippines (shirts, blouses)



 

Searchable List of Philippines’ Most Valuable Export Products

At the more granular four-digit HTS code level, the Philippines’ top export products are electronic integrated circuits followed by electrical machinery then computers.

The following searchable table displays 200 of the most in-demand goods shipped from the Philippines during 2017. Shown beside each product label is its total export value then the percentage increase or decrease since 2016.

RankFilipino Export Product2017 Value (US$)Change
1Integrated circuits/microassemblies$14 billion-5.5%
2Electrical machinery$7.2 billion+8,877%
3Computers, optical readers$4.8 billion+2.1%
4Insulated wire/cable$2.2 billion-0.9%
5Solar power diodes/semi-conductors$1.8 billion-23.4%
6Cruise/cargo ships, barges$1.7 billion+61.5%
7Printing machinery$1.61 billion+2,800%
8Electrical converters/power units$1.57 billion-0.1%
9Coconut/palm/babassu oil$1.52 billion+32.7%
10Refined copper, unwrought alloys$1.3 billion+1,084%
11Gold (unwrought)$1.24 billion+92.6%
12Wood carpentry, builders' joinery$1.15 billion-58.6%
13Bananas, plantains$1.13 billion+82.3%
14Automobile parts/accessories$1.08 billion-17.9%
15Computer parts, accessories$1 billion-39.4%
16Lower-voltage switches, fuses$926.3 million+46.1%
17Electrical capacitators$756.4 million+41.2%
18Phone system devices $751.9 million+455.4%
19Nickel ores, concentrates$685.3 million+17.8%
20Aircraft parts$666 million-7.7%
21TV receivers/monitors/projectors$598.7 million+587.8%
22Cameras, related apparatus$506.8 million+175.3%
23Cases, handbags, wallets$489.3 million-3%
24Nickel matte, oxide sinters$444.3 million+74%
25Fish, caviar (preserved/prepared)$427.5 million+114.5%
26Miscellaneous preserved fruits$418.7 million-6.8%
27Processed petroleum oils$395.6 million+101%
28Copper ores, concentrates$371.4 million-29.5%
29Coconuts, Brazil nuts, cashews$345 million+74.9%
30Coal, solid fuels made from coal$337.4 million+5.5%
31Magnets including electro-magnets$327.1 million+10.2%
32Oscilloscopes, spectrum analyzers$323.6 million+118.7%
33Printed circuits$323.1 million-5%
34Unrefined copper$316.1 million+86.1%
35Optical fiber cables, sheets, plates$295.6 million+7.5%
36Copper foil$290.5 million+11.2%
37Dates/figs/pineapples/mangoes/avocadoes/guavas$283.8 million-3.9%
38Electric motors, generators$274.6 million+480.9%
39Lenses, prisms, mirrors$264.8 million+17.6%
40Regulate/control instruments$257.1 million-47.8%
41Radar, radio communication items$236.5 million+779.5%
42Taps, valves, similar appliances$232 million+145.2%
43Electro-medical equip (e.g. xrays)$224.6 million+3%
44Other measuring/testing machines$214.7 million+216%
45Sugar (cane or beet)$209.7 million+140.2%
46Acyclic alcohols$197.3 million-8.9%
47Crude oil$195.8 million+12.8%
48Air conditioners$194.1 million+3.1%
49Miscellaneous furniture$186.3 million+38.9%
50Sulphides$183.9 million+44.6%
51Acyclic hydrocarbons$177.5 million+83%
52Women's clothing (knit or crochet)$177.4 million+2.6%
53Rubber tires (new)$176.8 million+6,786%
54TV/radio/radar device parts$170 million-73.7%
55Electrical lighting/signaling equpment, defrosters$163.2 million+61%
56Vegetable saps, extracts$161.7 million-15%
57Men's shirts (not knit or crochet)$158.5 million+4,987%
58Electric storage batteries$155.2 million+18.9%
59Miscellaneous plastic items$149.4 million-16.7%
60Crustaceans (including lobsters)$148.5 million+30.8%
61Fruit and vegetable juices$147.5 million-1.1%
62Temperature-change machines$147.2 million-11.2%
63Cyclic hydrocarbons$146.6 million+130.4%
64Miscellaneous machinery$144.7 million+5.2%
65Electric sound/visual signal bells or alarms$139.8 million+95.4%
66Cigars/cigarellos, cigarettes$134.2 million+43.2%
67Transmission shafts, gears, clutches$132.8 million+31.8%
68Whole fish (frozen)$129.3 million+71.1%
69Bridge structures, parts$126.8 million-3%
70Calculators, accounting/ticket machines, cash registers$123.7 million-11.9%
71Locks, lock-keys$123.5 million+15.2%
72Bread, biscuits, cakes, pastries$120.2 million+18%
73Women's clothing (not knit or crochet)$119.8 million-26.8%
74Non-alcoholic drinks (not water/juice/milk)$115.4 million+35.8%
75Carbon/natural mineral products$112.7 million+6.7%
76Video recording equipment$110.3 million+533.6%
77Other organic cleaning preparations$110.2 million-38.6%
78Unmanufactured tobacco, tobacco waste$108.8 million+38.9%
79Plastic packing goods, lids, caps$106.8 million+1.6%
80Miscellaneous office machines$101.2 million+34.8%
81Jerseys, pullovers (knit or crochet)$100.6 million+51.9%
82Natural rubber$100.1 million+175%
83Petroleum gases$96.6 million+144.4%
84Sawn wood$95.8 million+294.5%
85Ethylene polymers$92.3 million-1%
86Electric motor parts$89.3 million+55%
87Crustaceans, molluscs (preserved/prepared)$86 million+35.3%
88Fibrous cellulosic pulps$85.9 million-15.4%
89#N/A$84.1 million+23%
90Iron or steel scrap$83.7 million+27.6%
91Microphones/headphones/amps$83.3 million+8.5%
92Interchangeable hand/machine tools$82 million+140.9%
93Plastic builders' items$81.4 million-26.5%
94Live fish$81 million-13.2%
95Electrical/optical circuit boards, panels$80.9 million+1,312%
96Moluscs$80 million+40.8%
97Flour/meal/starch/malt extract food preparations$79.3 million+622.7%
98Iron ores, concentrates$78.2 million-32.5%
99Men's shirts (knit or crochet)$77.9 million+93.4%
100Mattresses, quilts$76.4 million+31.6%
101Copper wire$75.8 million+616%
102Lamps, lighting, illuminated signs$72.1 million+7.9%
103Speed/distance meters$71.9 million-24.6%
104Seats (excluding barber/dentist chairs)$70.7 million-3.4%
105Vulcanized rubber items$70.7 million+35.5%
106Fixed vegetable fats/oils$70.5 million+15,876%
107Electric ignition/start equipment$68.9 million-7.7%
108Base metal mountings, fittings$68.9 million+97.9%
109Unrecorded sound media$67.7 million+10,623%
110Lighters including cigarette lighters$65.1 million+62.1%
111Filament/discharge lamps$64.5 million+16%
112Electric water heaters, hair dryers$64 million+41%
113Miscellaneous oil cakes$63.8 million+23.4%
114Copper waste, scrap$62.9 million+3.6%
115Miscellaneous articles, dress patterns$60.3 million+718.3%
116TV receiver/transmit/digital cameras$59.4 million-86.3%
117Machinery for making semi-conductors$59 million0.0%
118Leather clothing, accessories$59 million-22.4%
119Air or vacuum pumps$58.5 million+56.7%
120Personal toilet/shaving preparations, deodorants$57.6 million-8.9%
121Propylene/olefin polymers$57.5 million+28.1%
122Other food preparations$56.7 million-39.8%
123Ball, roller bearings$55.4 million+39.8%
124Pipe/chewing/snuff tobaccos$54.7 million-29.6%
125Laminated wood (including plywood, veneer panels)$54.5 million+12,939%
126Plastic plates, sheets, film, tape, strips$53.3 million+565%
127Cast iron tubes, pipes$53.3 million+37.9%
128Miscellaneous iron and steel structures$52.9 million+209.1%
129Women's knit or crochet blouses, shirts$51.9 million-51.9%
130Men's suits,trousers (knit or crochet)$49.8 million+10.5%
131Miscellaneous iron or steel items$49.5 million+59.8%
132Precious metal waste, scrap$48.2 million+38.2%
133Piston engine parts$47.6 million+276.3%
134Iron and steel screws, bolts, nuts, washers$47 million+60.4%
135Miscellaneous parts, accessories$44 million+40.9%
136Medication mixes in dosage$43.9 million-23.3%
137Basketwork/wickerwork articles$43.8 million-9.3%
138Iron and steel reservoirs, tanks, vats$43.5 million+987.1%
139Coconut, abaca Manila hemp$43.1 million+31%
140Women's underwear, pajamas (knit or crochet)$42.9 million-26.1%
141Narrow textile woven fabrics$42.8 million-11.1%
142Models, puzzles, miscellaneous toys$42.5 million-5.8%
143Liquid crystal/laser/optical tools$41.5 million+127.9%
144Cigarette paper$41.2 million+19.3%
145Cameras, projectors$40.9 million+6.6%
146Table games, bowling equipment$40.7 million+2.5%
147Fish fillets, pieces$40.1 million-38.5%
148Footwear (leather)$39.3 million+291.7%
149Other machine parts, accessories$38.8 million-15.7%
150Bicycles, other non-motorized cycles$38.4 million+25.5%
151Motorcycle parts/accessories$38.1 million+17.9%
152Sugar confectionery (no cocoa)$38.1 million+61.5%
153Women's shirts (not knit or crochet)$37.7 million-14.6%
154Machinery parts$37.7 million+12.4%
155Beauty/makeup/skin care preparations$37.4 million-57.5%
156Animal/vegetable hydrogenated fats, oils$37.4 million+351%
157Sports equipment$36.9 million-2.5%
158Plastic tubes, pipes, fittings$35.3 million+59.9%
159Plastics waste, scrap$35 million-42%
160Industrial fatty acids and alcohols$34.9 million+82.9%
161Electric circuit parts, fuses, switches$34.4 million-46%
162Whole fish (fresh)$33 million+21%
163Paper containers, cellulose wadding$33 million+100.3%
164Centrifuges, filters and purifiers$32.7 million-43.1%
165Plastic tableware, kitchenware, toiletry$32.2 million-28.5%
166Spectacle/goggle frames, mountings$30.9 million-8.8%
167Miscellaneous machine electrical parts$30.9 million-9.4%
168Knitted twine netting, cordage, rope$30.4 million+20.7%
169Pasta, couscous$30.2 million+3.7%
170Electrical resistors$30.2 million+41.6%
171Iron or steel pipe fittings$29.7 million-43.9%
172Pneumatic hand tool$28.7 million+1,420%
173Miscellaneous lead$28.6 million+16,353%
174Paper/paperboard waste, scrap$27.9 million+115.9%
175Anti-knock/oxidation/gum inhibitors$27.4 million-4.1%
176Baby clothing, accessories$26.5 million-0.7%
177Concrete/artificial stone items$26.3 million+100.1%
178Sulphuric acid$26.3 million+540.2%
179Prepared cereal foods$26.2 million+18.4%
180T-shirts, vests (knit or crochet)$26.2 million-41.7%
181Brooms, bushes$26 million+64.2%
182Miscellaneous engines, motors$25.7 million+97.1%
183Soap, organics surface-active products$25.6 million+34.2%
184Infant clothing (knit or crochet)$25 million-15.6%
185Wigs, false beards, eyelashes$24.4 million-45.3%
186Amine-function compounds$24.3 million+674.5%
187Yard (synthetic staple fibers)$24.3 million+42.5%
188Wood charcoal$23.4 million+7.5%
189Sound reproducing/recording parts, accessories$23.3 million-81.1%
190Stoppers, caps, lids, corks$23.2 million+30.1%
191Molybdenum ores, concentrates$23.1 million0%
192Cellulose/chemical derivatives$23 million+913.4%
193Jam, jellies, marmalades, purées$22.9 million-15.8%
194Vacuum flasks, parts$22.7 million+366.7%
195Millstones, grindstones, grinding wheels$22 million+19.0%
196Footwear (textile)$21.9 million+13.9%
197Carnival items, magic tricks$21.6 million-20.5%
198Liquid/gas checking instruments$21.4 million+97.4%
199Glass balls, rods, tubes$21.3 million+6,742%
200Self-adhesive plastic in rolls$21.1 million+81.1%

These 200 exported goods were worth a subtotal of US$65.9 billion or 95.9% by value for all products exported from the Philippines during 2017.

See also Philippines Top 10 Imports, Philippines Top Trading Partners and Top Filipino Trade Balances

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on July 30, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on July 30, 2018

Trade Map, International Trade Centre. Accessed on July 30, 2018

Investopedia, Net Exports Definition. Accessed on July 30, 2018

Wikipedia, List of Companies of the Philippines. Accessed on July 30, 2018

Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 11, 2016

Zepol’s company summary highlights by country. Accessed on April 11, 2016