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TRADE (in USD billion)

YEAR

TOTAL

EXPORTS

IMPORTS

BALANCE

2012

14.54

7.42

7.12

0.29

2013

14.51

7.82

6.69

1.13

2014

14.40

8.66

5.74

2.92

2015

16.49

9.02

7.47

1.55

2016

15.82

8.66

7.16

1.5

2017 (Jan-July)

9.35

5.38

3.97

1.41

 

The US is PHL's biggest trading partner in 2016 (out of 226 trading partners), the 2nd biggest market for PHL's exports (out of 213 export markets and almost 16% of total PHL exports), and 3rd largest investor into the PHL. Over the past five years, US foreign investment in the PHL amounted to PHP165.93 billion.

For 2015, a major portion of the export revenue came from Electronic Products valued at USD2.84 billion, followed by Transports with total receipts of USD1.02 billion or 32.25% and 11.69%, respectively, of the total exports to US. The bulk of merchandise imports from US comprised of Electronic Products worth USD3.64 billion or 50.45% of the total imports. Fresh food was the second highest imported foods from the US, with USD687.94 million, or a share of 9.53% of the total imports from the US.

Top 5 Exports

Value (USD million)

Top 5 Imports

Value (USD million)

Electronics

2,847.32

Electronics

3,640.18

Transport

1,028.99

Fresh food

687.94

Garment/ Textile

979.26

Pet food/ animal feeds

561.51

Electricals

847.81

Processed food

433.33

Oils/fats/waxes

556.37

Chemicals

369.26

 

IPA-APPROVED INVESTMENTS

YEAR

in PHP billion

in USD billion

2011

79.85

1.84

2012

40.00

0.95

2013

55.34

1.30

2014

17.42

0.42

2015

21.74

0.47

2016

31.43

0.63

2017 (Q1)

2.43

0.05

 

Investment opportunities include IT-BPO (animation and game development); food and design driven processed products; manufacturing (electronics, food/agribusiness, aerospace, and consumer products), and infrastructure.

OFFICIAL DEVELOPMENT ASSISTANCE

TOURIST ARRIVALS FROM THE US

YEAR

VISITOR ARRIVAL

2011

624,527

2012

652,626

2013

674,564

2014

722,750

2015

779,217

2016

869,463

2017 (Jan-May)

83,056

 

In 2016, the US supplied the 2nd biggest inbound arrival with 869,463 visitors constituting 14.57% of the total and recording an 11.6% increase vis-à-vis its arrivals of 779,217 in 2015.

US HUMANITARIAN ASSISTANCE

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For more information, contact any of the Philippine trade offices in the United States:

Capital
Raymond Albert H. Batac
Commercial Counselor
Philippine Trade & Investment Center
Embassy of the Philippines
1600 Massachusetts Avenue, N.W. Washington, D.C. 20036
Phone : +1.202.4679418 / +1.2024679419
Fax :  +1.202.4679428
E-mail : RaymondAlbertBatac@dti.gov.phWashington@dti.gov.ph
Jurisdiction: Alabama, District of Columbia, Florida, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia

Northeast and Midwest
Philippine Trade & Investment Center
Philippine Consulate General
556 Fifth Avenue, New York, New York 10036
Phone : +1.212.5757925
Fax : +1.212.5757759
E-mail : newyork@philippinetrade.org
Jurisdiction: Connecticut, Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Arkansas, Mississippi, Illinois, Missouri, Indiana, Iowa, Kansas, Louisiana, Michigan, Minnesota, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Wisconsin and  Eastern Canada

Northwest
Nicanor S. Bautista
Trade Commissioner
Philippine Trade and Investment Center
Philippine Consulate General
447 Sutter Street, Suite 405, San Francisco, CA 94108

Phone : +1.408.9809637 / +1.415.7732336

Fax : +1.408.9809823/ +1.415.7731813

E-mail : siliconvalley@dti.gov.ph

Website: www.investphilippines.org/siliconvalley ;www.dti.gov.ph

Jurisdiction: Alaska, Northern Nevada/Reno, Colorado, Northern California, Idaho, Utah, Montana, Washington, Oregon, Wyoming and Western Canada

Southwest
Jose Ma Dinsay
Trade Representative
Philippine Trade and Investment Center
Philippine Consulate General
Suite 602, 3250 Wilshire Boulevard, Los Angeles, California 90010
Phone : +1.213.3881029 / 3888376
Fax : +1.213.3884739
E-mail : losangeles@dti.gov.ph
Jurisdiction: Southern California covering the counties of Los Angeles, Orange, San Diego, Imperial, Riverside, San Bernardino, Ventura, Santa Barbara, Kern, and San Luis Obispo; Southern Nevada covering the counties of Clark, Lincoln and Nye; State of Arizona (covering all counties); State of New Mexico (covering all counties); and State of Texas (covering all counties)