MARKET OUTLOOK - MAY, 2019
The Philippines is the 37th largest export economy in the world and exports Integrated Circuits ($32.2B), Office Machine Parts ($10B), Computers ($5.19B), Semiconductor Devices ($3.34B) and Insulated Wire ($2.42B).
Its top export destinations are China ($20B), Hong Kong ($14.8B) and Japan ($11.4B) in Asia and the United States ($13B) and Germany ($5.3B) in Europe.
Philippines imports principally goods like Integrated Circuits ($12.1B), Refined Petroleum ($5.64B), Cars ($4.77B), Crude Petroleum ($3.15B) and Industrial Printers ($2.5B).
It trades in these products from its key import origins: China ($21.9B), Japan ($11.6B), South Korea ($8.74B), the United States ($8.34B) and Thailand ($7B).
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