International crude oil suppliers shipped US$5.2 billion worth of unrefined petroleum to the Philippines during 2018. The dollar total for 2018 represents an -18.6% decline from the $6.3 billion paid by crude oil importers in the Philippines during 2014. However, Filipino spending on imported unprocessed petroleum spiked in cost by 47.8% from 2017 to 2018. Among continents, … [Read more...]

The Philippines exported US$1.5 billion worth of precious metals and gems on international markets in 2018, well in excess of the $256.9 million spend by Filipino importers on those same commodities. Gold is the most lucrative precious metal exported from the Philippines. Total Filipino gold exports were valued at US$1.2 billion in 2018. That dollar amount is about 10 times … [Read more...]

The Philippines recorded an overall trade deficit of -US$11.5 billion during 2015, a 26.5% improvement from the -$15.7 billion Filipino deficit in 2011. But not all products that the Philippines buys and sells on global markets result in more money flowing out of the island country for import purchases from foreign suppliers than flow in as exports revenues from international … [Read more...]

In 2015, the Philippines shipped US$860.2 million worth of copper products to its international customers. That dollar amount represents a -36.8% drop from the $1.4 billion in global sales five years earlier in 2011. Year over year, the value of copper exports from the Philippines improved by 30.6% compared to the $658.9 million in revenue garnered during 2014. The two-digit … [Read more...]

In 2015, the Philippines imported US$90.8 million worth of cheese. That amount represents a 30.8% gain from $69.8 million bought from international sources five years earlier in 2011. Year over year, the value of imported cheese shipped to the Philippines increased by 13.9% in 2015 compared to $79.8 million during 2014. The Philippines generated a mere $1.5 million in cheese … [Read more...]