philippines

INDIA - PHILLIPPINES BUSINESS & CULTURAL COUNCIL

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.

Exports :

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

Imports :

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

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, Palau 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 IN PHILLIPPINES

EXPORTS AND IMPORTS IN PHILLIPPINES

TOP EXPORTS OF PHILLIPPINES

31% ($20 billion): Electronic integrated circuits and micro assemblies. 7.77% ($4.96 billion): Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included. In 2019, Philippines was the biggest importer of Copra and Coffee and Tea extracts. 3.56% ($2.27 billion): Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72. 3.32% ($2.12 billion): Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors. (Figures as of 2020. Source: TrendEconomy) About 31% of the exports are Integrated Circuits. Office Machine Parts make up the next 7.7% of the export market. Insulated Wire, Semiconductor Devices, and Electrical Transformers make up another 7-8% of the market. China, US and Japan are the dominant partners of the Phillipines export market.

TOP IMPORTS OF PHILLIPPINES

14.6% ($13.2 billion): Electronic integrated circuits and micro assemblies. 4.89% ($4.44 billion): Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils. 2.37% ($2.14 billion): Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72. 2.31% ($2.09 billion): Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras. 2.09% ($1.9 billion): Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. (Figures as of 2020. Source: TrendEconomy) Integrated Circuits and micro assemblies make up 14.6% of the import market for the Philippines. Refined Petroleum and its by-products and crude account for roughly 6%. About 5% of the import market is then covered by cars and broadcasting equipment.