International Trade in the Philippines

International Trade in Philippines

The Philippines' economy has strengthened in the recent years, a fact that protected it from the direct impacts of the global financial crisis and the recession, but without sparing it totally.  After having attained in 2009 its lowest level since the Asian crisis (1.1%), the growth of the... Read more

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Market Analyses About the Philippines (155)

Import and Export Services in the Philippines (427)

  • CADANO CARGO TRANSPORT SERVICES INC (PHILIPPINES)
    Cadano Cargo Transport Services Inc (CCTSI)  Address: Unit 404, CYA Building, No. 282 Edsa Extension, Pasay City 1301, Metro...
  • High Beam Global

    High Beam Global

    Market Research, the Philippines

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...

Business Tips About the Philippines (108)

Agents and Distributors in the Philippines (36)

  • Wurzbacher Enterprises LLC

    Wurzbacher Enterprises LLC

    Sales Agents, the Philippines

    Wurzbacher Enterprises LLC is an International Export company. Based in Phoenix Arizona and serves US businesses in expanding their...
  • Serica Trade

    Serica Trade

    Sales Agents, the Philippines

    Serica Trade is international operations and sales partner to companies and governments around the world. We specialise new...

Overview About International Trade in the Philippines

Main Industry Sectors

The agricultural  sector employs about 40% of the labor force but contributes to less than 15% of the GDP. The Philippines is one of the world's main producers of rice and coconut. However, the agricultural sector suffers from low productivity, weak economies of scale and inadequate infrastructures. Fishing contributes to 3% of the GDP. The Philippines is one of the richest countries of the world in terms of minerals with an unexploited mineral wealth estimated at more than USD 840 billion. The Philippines reserves of copper, gold and zinc are among the largest of the world. 

The manufacturing sector contributes to around 30% of the GDP. Industrial food processing is one of  the Philippines' main manufacturing activities. The big industries are dominated by the production of cement, glass, chemicals products and fertilizers, iron, steel, and refined oil products.

The tertiary sector, which represents more than 50% of the GDP, has developed substantially especially in the fields of telecommunications, calling centers, and finance.

 

Economic Overview

The Philippines' economy has strengthened in the recent years, a fact that protected it from the direct impacts of t...

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