INDIA - PHILLIPPINES BUSINESS & CULTURAL COUNCIL

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Ambassador and Consul General

Commercial Counsellor of Philippines Eugenio C. Elevado Jr. accepted the Honorary Membership of Global India Business Forum. Our Global President Dr.Jitendra Joshi and Director - Global Operations Ms. Deepali Gadkari visited the embassy to explore different business opportunities and trade between two countries.

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Semiconductors and electronic products, machinery and transport equipment, wood manufactures, chemicals, processed food and beverages, garments, coconut oil, copper concentrates, seafood, bananas/fruits

Electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic.

ABOUT

ABOUT PHILLIPPINES

The Republic of the Philippines is located in Southeast Asia. It is situated in the western Pacific Ocean. It consists of 7,640 islands, that are broadly categorized under three main geographical divisions from north to south; Luzon, Visayas, and Mindanao. The Philippines has by the South China Sea to the west, the Philippine Sea to the east, the Celebes Sea to the southwest. It shares maritime borders with Taiwan to the north, Japan to the northeast, philippines to the east and southeast, Indonesia to the south, Malaysia and Brunei to the southwest, Vietnam to the west, and China to the northwest. The Philippines covers an area of 300,000 sq.km. and, as of 2020, had a population of around 109 million people, making it the world's twelfth-most populous country. The Philippines is a multinational state, with diverse ethnicities and cultures throughout its islands. Manila is the nation's capital. Quezon City is the largest. Manila and Quezon city lie within the urban area of Metro Manila.

BUSINESS OPPORTUNITIES

BUSINESS OPPORTUNITIES IN PHILLIPPINES

E-commerce and Online Retail: With the increasing internet penetration and a rising middle class, there is a growing demand for online shopping. Starting an e-commerce platform or partnering with existing platforms can be a lucrative venture.
Agriculture and Food Processing: Agriculture is a significant sector, and there are opportunities in food processing, organic farming, and agribusiness. Exporting tropical fruits and other agricultural products is also a potential avenue
Education and Training: With a strong emphasis on education, there are opportunities for private schools, tutoring services, vocational training, and e-learning platforms.

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EXPORTS AND IMPORTS IN PHILLIPPINES

In 2021, Philippines was the number 37 economy in the world in terms of GDP (current US$), the number 41 in total exports, the number 33 in total imports, the number 145 economy in terms of GDP per capita (current US$) and the number 37 most complex economy according to the Economic Complexity Index (ECI) .

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TOP EXPORTS OF PHILLIPPINES

The top exports of Philippines are Integrated Circuits ($27.5B), Office Machine Parts ($11.1B), Insulated Wire ($3.05B), Electrical Transformers ($2.49B), and Semiconductor Devices ($2.44B), exporting mostly to China ($15.1B), United States ($13.3B), Japan ($11.5B), Hong Kong ($11.4B), and Singapore ($6.19B).

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TOP IMPORTS OF PHILLIPPINES

The top imports of Philippines are Integrated Circuits ($14B), Refined Petroleum ($9.04B), Office Machine Parts ($3.11B), Broadcasting Equipment ($2.84B), and Cars ($2.77B), importing mostly from China ($48.9B), Japan ($10.4B), South Korea ($9.23B), Indonesia ($9.21B), and United States ($8.16B).

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