Key business cycle indicators confirm that the Republic of the Philippines is holding its own so far defending against what appears to be an impending global downturn. In fact, the Philippines’ bottom-line Gross Domestic Product (GDP) performance on a Purchasing Power Parity (PPP) basis improved by 7.6% at October 2019 compared to one year earlier. Economic downturns … [Read more...]
Major Exports from the Philippines
In 2018, the Philippines’ most valuable exported products were integrated circuits and microassemblies, electrical machinery, computers including optical readers, solar power diodes and semi-conductors, electrical converters or power units, printing machinery, insulated wire or cable, bananas including plantains, computer parts or accessories then cruise or cargo ships and … [Read more...]
Philippines Wine Imports by Country
Philippine wine imports by country totaled US$36.6 million in 2018, up by an overall 47% for all international wine suppliers over the five-year period starting in 2014. Year over year, the value of Filipino-imported wine decreased by -7.2% from 2017 to 2018. New World wines continue to finish ahead of Old World wines popular among importers in the Philippines. For instance, … [Read more...]
Philippines Wood Exports by Buyer Country
During 2018, the Philippines shipped US$675 million worth of lumber and wood products to its international customers. That dollar amount represents a dramatic -78.2% decline from the $3.1 billion in global sales five years earlier in 2014. Year over year, the value of total wood exported from the Philippines dipped by -52.2% from the $1.4 billion in revenue generated during … [Read more...]
Philippines Pineapples Exports by Country
Given its US$192 million worth of international pineapples sales in 2018, the Philippines continued to be the world’s third-biggest exporter of pineapples trailing only Costa Rica ($1 billion) and the Netherlands ($245.3 million). From a worldwide perspective, the Philippines’ $192 million subtotal represents 9.2% of the global total of shipped pineapples from all supplying … [Read more...]