Top Filipino Exports & Imports

Most Popular Products Traded Between the Philippines & America

Sep 5, 2007
Daniel Workman

Rural area in the Philippines - pindiyath100@MORGUEFILE.COM (32872)

Computers & tires are among the fastest growing Filipino exports to the U.S. while semiconductors represent almost 60% of American imports into the Philippines.

The Philippines exported US$9.7 billion worth of merchandise to the United States in 2006, up 4.8% from 2005 but down 11.7% since 2002.

Filipino imports from the U.S. rose 10.5% to $7.6 billion in 2006, up 4.7% since 2002.

In terms of the merchandise flow between the two countries, America’s trade deficit with the Philippines was $2.1 billion in 2006, down 44% from 2002. The U.S. trade deficit with the Philippines decreased 12% in 2006 – a reversal from the 15% deficit increase in 2005 from the year earlier.

Philippine Exports to U.S.

Of the $9.7 billion in American imports from the Philippines in 2006, the following product categories had the highest values.

Semiconductors & related devices …US$2.5 billion (25.3% of Philippine to U.S. exports, up 4.8% from 2005)
Cotton household furnishings & clothing … $1.34 billion (13.8%, up 12.7%)
Computer accessories, peripherals & parts … $1.31 billion (13.5%, down 11%)
Non-cotton household furnishings & clothing … $605 million (6.2%, up 2.5%)
Automotive parts & accessories … $488.5 billion (5%, up 10.2%)
Furniture & other household items (e.g. baskets) … $277.7 million (2.9%, down 5.8%)
Electric apparatus … $268.9 million (2.8%, up 0.3%)
Household items (e.g. clocks) … $245.7 million (2.5%, up 63.7.6%)
Fish & shellfish … $240.8 million (2.5%, up 2.8%)
Goods returned then re-exported ... $232.5 (2.4%, up 17.9%).

Fastest-Growing Filipino Exports to U.S.

Below are American imports from the Philippines in 2006 with the highest percentage sales increases from 2005.

Computers … US$88 million (up 417% from 2005)
Automotive tires & tubes … $23 million (up 393%)
Marine engines & parts … $2.6 million (up 333%)
Specialized mining & oil processing equipment … $1.1 million (up 208%)
Miscellaneous material (e.g. hair & waste material) … $2.9 million (up 135%).

Philippine Imports from U.S.

Of the $7.6 billion in American exports to the Philippines in 2006, the following product categories had the highest values.

Semiconductors … US$4.3 billion (56.8% of Philippine from U.S. imports, up 10.4% from 2005)
Wheat … $320.3 million (4.2%, up 18.6%)
Measuring, testing & control instruments … $218.8 million (2.9%, up 30.4%)
Telecommunications equipment … $211.7 million (2.8%, up 8.1%)
Electric apparatus … $166.6 million (2.2%, up 24.5%)
Computer accessories … $158.4 million (2.1%, up 19.5%)
Other industrial machines … $153.1 million (2%, up 14.9%)
Animal feeds … $124.4 million (1.6%, up 6.4%)
Minimum value shipments … $111.2 million (1.5%, up 13.1%)
Vehicle parts & accessories … $105 million (1.4%, up 7.2%).

Fastest-Growing Filipino Imports from U.S.

Below are American exports to the Philippines in 2006 with the highest percentage sales increases from 2005.

Other commercial vehicles … US$1.4 million (up 1192% from 2005)
Civilian aircraft … $17.7 million (up 446%)
Military vehicles (e.g. armored cars & trucks) … $3.6 million (up 268%)
Unmanufactured agricultural items … $12.4 million (up 258%)
Cookware, cutlery & tools … $14.2 million (up 256%).

Sources

This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.