Key Highlights:
As per Philippines customs data, the value of exported products in the Philippines is $115.26 billion.
The top exported products in the Philippines are Electrical machinery and equipment, Machinery, copper, etc.
The top destinations for Philippines exports are the United States, Japan, Hong Kong, China, and South Korea.
Electrical equipment, machinery, copper medical apparatus, ores, fruits, precious metals, Animal/vegetable fat, oil, plastic articles, and vehicles are the Philippines top 10 exports.
As per Philippines export data, in 2023, the Philippines exported electrical machinery and equipment worth 40.6 billion USD, holding 55.6% of total exports from the country.
The Philippines is a beautiful tourist destination, well known for its incredible beauty, including numerous islands, beaches, mountains, and historical sites. Although it is very beautiful, the country has a huge wealth of mineral resources. Even with its abundance of natural resources, the Philippines' primary industry was agriculture, which makes it a prominent exporter of agricultural products.
Apart from agricultural products, the Philippines top 10 exports include machinery, industrial and manufacturing products, fruits, nuts, and more. In this blog, we will explore the Philippines top 10 export partners, Philippines export data, Philippines top 10 exports products, and more.
The Importance of export in the philippines economy
To fulfil its foreign exchange needs, the Philippines is always focused on export. In 2023, the Philippines did a record breaking export of $115.26 billion.
More exports generate more jobs and eventually support economic growth.
Exporting products offers people and firms more market for their products.
Philippines Top 10 Export Partners
Here is a list of the Philippines top 10 exports partners:
S.No. | Philippines Top export destination | Export Value in USD Billion |
1 | United States | 11.53 |
2 | Japan | 10.93 |
3 | China | 10.46 |
4 | Hong kong | 8.84 |
5 | South Korea | 3.54 |
6 | Singapore | 3.53 |
7 | Netherlands | 3.09 |
8 | Thailand | 2.93 |
9 | Taiwan | 2.64 |
10 | Germany | 2.49 |
As per Philippines customs data, The United States is the prime importer of Philippines products. The United States alone holds 15.7% of the total exports of the Philippines.
To get more details about the Philippines top 10 export products, exporting partners of exported products in the Philippines, and more, visit Eximpedia.
Philippines top 10 exports
Here is a list of the philippines top 10 export products:
S.No. | Philippines top 10 export products | Export value | Percentage of total export |
1 | Electrical machinery and equipment | $40.6 billion | 55.6% |
2 | Machinery, including computers | $6.3 billion | 8.7% |
3 | Copper | $2.51 billion | 3.4% |
4 | Optical, technical, and medical apparatus | $2.51 billion | 3.4% |
5 | Ores, slag, and ash | $2.2 billion | 3.1% |
6 | Fruits, Nuts | $ 2.0 billion | 2.7% |
7 | Gems, precious metals | $1.4 billion | 2% |
8 | Animal/vegetable fat, oil, and waxes | $1.3 billion | 1.8% |
9 | Plastics, plastic articles | $1.1 billion | 1.5% |
10 | Vehicles | $942.2 million | 1.3% |
Also, know Philippines Top 10 Imports in 2024
A Detailed Overview of Philippines Top 10 Exports
Here is a detailed overview of the Philippines top 10 export products, which will help you get more information:
Electrical machinery and equipment (HS Code-85):
As per Philippines export data, in 2023, the Philippines exported electrical machinery and equipment worth 40.6 billion USD. It is one of the top export products of the Philippines, holding 55.6% of total exports from the country. Even the government of the Philippines has acknowledged that these products are the key exports of the nation. Semiconductors are the leading electrical equipment exported by the Philippines. The prime destinations for the export of electrical equipment are Japan, China, Germany, and the United States.
Machinery, including computers (HS Code-84):
As per Philippines export data, in 2023, the Philippines exported machinery, including computers and computer accessories, worth 6.3 billion USD. It holds a significant share of 8.7% of total exports, which makes it one of the top export products of the Philippines. Machinery other than computers includes office machine parts, semiconductor devices, insulated wires, and integrated circuits. The prime destinations for the export of machinery, including computers and computer accessories, are Brazil, the United States, Malaysia, Germany, and Hong Kong.
Copper (HS Code-74):
As per Philippines export data, in 2023, the Philippines exported copper ore worth 2.52 billion USD. It holds a significant share of 3.4% of the total exported products in the Philippines. Copper alloys, copper foil, and unrefined copper are the top copper articles exported from the Philippines. Over the years, the demand for unrefined copper in the Philippines has grown, which makes it the main copper article exported from the Philippines.
The prime destinations for the export of copper ore are South Korea, Singapore, China, Japan, and Malaysia.
Optical, technical, and medical apparatus (HS Code-90):
The Philippines is a competitive exporter of medical instruments and tools used in medical fields. As per Philippines export data, in 2023, the Philippines exported optical, technical, and medical apparatus worth 2.51 billion USD. It holds a significant share of 3.4% of the total exported products in the Philippines.
The leading medical tools are liquid crystal devices, lasers, spectrum analyzers, oscilloscopes, optical fibers, and photographic cameras.
The leading destinations for the export of optical, technical, and medical apparatus from the Philippines are Japan, South Korea, the United States, Vietnam, and Columbia.
Ores, slag, and ash (HS Code-26):
As per Philippines export data, in 2023, the Philippines exported ores, slag, and ash worth 2.2 billion USD, which makes it one of the top export products of the Philippines. It holds 3.1% of the total exports from the Philippines. The homeland is highly rich in minerals and other natural resources.
Ores, slags, and ash primarily include iron ore, zinc ore, copper ore, ash and residues, non-iron and steel slag, molybdenum ore, manganese ore, metal ore, nickel ore, and aluminum ore. However, the leading destinations for the export of ores, slag, and ash from the Philippines include China, Japan, Singapore, India, and Korea.
Fruits and Nuts (HS Code-08):
The Philippines is a prominent exporter of fruits and nuts. As per Philippines export data 2023, the Philippines exported fruits and nuts worth 2.0 billion USD, which comprises a 2.7% share of total exports and makes it one of the top export products of the Philippines. The leading fruits in the Philippines that are widely exported are pineapple, coconut, soursop, banana, guava, papaya, peanuts, and tamarind.
The leading destinations for the export of fruits and nuts from the Philippines are the United States, China, South Korea, Japan, and Germany.
Gems and precious metals (HS Code-71)
The Philippines is the 22nd largest exporter of gems and precious metals. As per Philippines export data for 2023, the Philippines exported gems and precious metals worth 1.4 billion USD, which constituted 2% of the total total exported products in the Philippines. The most expensive and precious metal in the Philippines is gold, which has a high value of metal export.
Additionally, there is a high rise in demand for pearls found in the seas of the Philippines. Even organic gems have a growth in demand, making a million dollars per year. However, the leading destinations for exporting gems and precious metals from the Philippines are Switzerland, the United Kingdom, Hong Kong, the United Arab Emirates, and India.
Animal/vegetable fat, oil, and waxes (HS Code-15):
The Philippines is the 18th largest exporter of animal and vegetable fats, oils, and waxes. As per Philippines export data, in 2023, the Philippines exported animal and vegetable fat, oil, and waxes worth 1.3 billion USD, which comprises 1.8 % of total exported products in the Philippines. Animal and vegetable fats, oils, and waxes are major.
Includes pure olive oil, stearic acid, seeds oil, soyabean oil, palm oil, coconut oil, rapeseed oil, margarine, and other pure vegetable oils. However, the main destinations for the export of animal or vegetable fat, oil, and waxes from the Philippines are the Netherlands, the United States, China, Malaysia, and Germany.
Plastics and plastic articles (HS Code-39):
Plastics and plastic articles are the 9th largest exporting product. As per Philippines export data for 2023, the Philippines exported plastics and plastic articles worth 1.1 billion USD worldwide, which holds a 1.5% share and makes it one of the top export products of the Philippines. Plastics and plastic articles include polymers, plastic bags, containers, wrapping materials, straws, toys, and more.
The prime destinations for plastics and plastic articles exported from the Philippines are Japan, China, the United States, Malaysia, and Vietnam.
Vehicles (HS Code-87):
Vehicle: parts and accessories are the 10th largest exporting commodity in the Philippines. As per Philippines export data for 2023, the Philippines exported vehicles, vehicle parts, and accessories worth 942.2 million USD, which holds 1.3% of the total exported products in the Philippines.
The top categories of vehicles: parts and accessories exported from the Philippines are cars, dash cameras, intake air filters, brakes and clutch pedals, gearboxes, road wheels, and lead-acid storage batteries. However, The main destinations for vehicle parts and accessories exports from the Philippines are Thailand, Japan, Argentina, Indonesia, and the United States.
How to find exported products in the Philippines?
If you need an updated list of the top 10 exports, Philippines export data, and Philippines top 10 export products, you first have to comprehend the complexity of international trade.
The US is the biggest market for the Philippines and could have more potential to increase the export value.
To efficiently export products from philippines, trader must follow the export import rules, understand market trends and HS codes, and have deep knowledge of potential and actual customer worldwide
To obtain reliable and relevant Philippines export data, traders need to find the best export import data provider, such as Eximpedia.app, and acquire Philippines export data without delay.
Wind Up
In conclusion, the Philippines top 10 exports offer a sneak peek into a growing country. From electrical machinery to precious metals, the country’s diverse exports reflect its specialisation in various fields.
We have deep insights into the Philippines’ international market position by examining its major export and supply partners. Please visit Eximpdea.app if you have any queries about the Philippines top 10 exports, top exports of the Philippines, or Philippines customs data.
Our team of experts will guide you to the best of their experience and knowledge. To schedule a free demo, click here.
Frequently Asked Questions
1. What are the Philippines biggest exports?
The Top exported products in the philippines includes Electrical machinery and equipment which holds 55.6% of total philippines export, Machinery, including computers which holds 8.5% of total philippines export, copper 3.4%, Optical, technical, and medical apparatus 3.4%,Ores, slag, and ash3.1%, and Fruits, and Nuts 2.7%.
2. Who is the Philippines biggest trade partner?
The United States is the biggest export partner of philippines. The Philippines exported goods worth 11.53 billion USD to the United States in 2023-24 which is the highest amount in comparison to other export partners of philippines.
3. What are the top 10 import products of the Philippines 2024?
Here is list of top 10 exported products in the philippines:
- Petroleum oils
- Electronic integrated circuits
- Coal, and solid fuels manufactured from coal
- Motor cars and other motor vehicles
- Optical, photographic, and medical apparatus
- Pharmaceutical products
- Wheat and meslin
- Oil cake and other solid residues
- Parts and accessories
- Electrical apparatus
4. What are the major exports of the Philippines?
As per philippine export data, top exports of the Philippines are Electrical machinery and equipment, Machinery, including computers, copper, Optical, technical, and medical apparatus, Ores, slag, and ash, Fruits, and Nuts.
5. What does the Philippines export?
Philippine top 10 export products are Electrical machinery and equipment, Machinery, including computers, copper, Optical, technical, and medical apparatus, Ores, slag, and ash, Fruits, and Nuts, Gems, precious metals, Animal/vegetable fat, oil, and waxes, Plastics, plastic articles and vehicles.
