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Philippines Trade Data

Philippines Import Data Solutions has collected Philippines trade data from Philippines port authorities, logistics agencies, trade associations, and other government bodies of the Philippines. This business intelligence report has many useful data fields including the productu2019s description, net weight, HS code, buyer details, date of shipment, and shipment mode. It is a helpful source for small to scale businesses. It has actual and updated records which are updated every month.

Philippines
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Philippines Trade Data

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  1. Free Update Philippines Import Data online Philippines Trade Data shows a deficit in trade that has decreased to around USD 2.42 billion in January 2021. Imports to this country have shown a severe drop at a faster rate of 14.9% to USD 7.91 billion, while the exports dropped by 5.2% to USD 5.49 billion. Being a trade deficit country, countries that are listed on WCO have better opportunities to trade with the country. With its major seaports, the Philippines are made the one of important trading routes via sea in Asia. The trading data of the Philippines provides information regarding the customs department, air cargo terminal, agencies of shipping, providers of export-import service data, forwarding and clearing agents. Philippines Import Data reveals the import activities of the country that include information of commodities and companies. The top items that the country imports include medical equipment, computers, electrical machinery, heavy equipment, cereals, optical equipment, mineral fuels, iron, automobiles, steel, and plastic articles. Most of these goods are largely imported from its import trading partners that are Europe, America, and countries of Southeast Asia. Entrepreneurs get a huge business opportunity in the area of export and make immense profits by exporting to the specific buyers that are in search of these commodities. The product import as per the year 2019 that the country has made is estimated to be about 127 billion dollars. The service import that the Philippines could make was 26.7 billion dollars and imports were 1.17k dollars. Among the major trading partners, China is recognized to have made 19.6% shared value from the total imports. Philippines Export Data states that the country has shipped goods of around USD 70.3 billion in the year 2019 in the world which showed an increase of 4.2% from the previous year. Most of the exporting of items from the Philippines is made from Filipino to the countries of Asia with around 66.7% and 17.4% to other countries. Top ten items that the country exports involve vegetable fats, ores, livestock, fruits, slag, wax, medical apparatus, precious metal, ash, gems, copper, and nuts. Other than these major surplus goods that the country exports to Europe, America, and Asia, there are also native goods for which the suppliers need to be known. The Philippines is also known for its seasonal goods and being the major exporters of processed seafood products and fishes. As per the export data of the country, 64.2% of overall values of shipments to the trading partner countries have been performed in 2019 in exports.

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