Along with Filipino creativity and imagination, Filipino furniture, woodcraft, handicraft and household items are in demand elsewhere in the world and are highly sought-after for their quality, uniqueness and reliability. Various provinces around the Philippines take pride in being able to create works of art with wood as their canvas, like Paete, Betis and Cebu. The proliferation of products made from Acacia wood and narra are all part of the Philippine heritage and make for a unique part of one’s home or office. The globe continues to rely on the Philippines for woodcrafts and furniture. Household Items, Woodcrafts and Furniture The business of metal components has contibuted to the Philippines being able to create value-added and higher-end products to export as well as develop a highly specialized workforce. The closure of Japanese magwheel firms also helped shift the attention of acquisition to Asian countries such as the Philippines. The Philippines is quite known for specialization on these metal components that other countries do not have the manpower to do.

Textile machinery, grinding machines, steel structures, cylinders and many others comprise the metal components being exported from the Philippines. Besides fish caught in our seas or cultured in fresh water like milkfish and tilapia, various other types of seafood, which range from invertebrates, shellfish like shrimp, prawn and crabs, and seaweed, are also major exports, as demand for our country's rich marine product are always rising. Tuna and other species of large fish are sent frozen or fresh to neighbors like Japan, Australia, Hong Kong, Taiwan and Korea. The archipelago boasts of numerous bodies of water which make it a biodiversity hotspot filled with fishing areas. Mining operations in many provinces continue to produce gold that is sold as is or crafted here and abroad into fine works of art, jewelry, accessories, or parts of electronic products like cellphones.ĭried fish and other fish products are also another source of Philippine export products. Northern Luzon, Masbate, Mindanao and the Negros Islands are some of the more prominent sources. The Philippine islands have been known for having substantial deposits of gold and other minerals.

Coconut oil is a very versatile product that is used for many applications in food processing, energy and cosmetic and consumer products. There is already a rich database of individuals who continue to advance the trend of exporting coconut products. Exports also provide the opportunity to show that Filipino workmanship is among the best in the world in terms of quality and reliability.īelow are just some of the many products that Filipinos produce so well and are sent to all corners of the globe.Īlthough challenged by biofuel’s high local demands and experienced a significant drop, coconut oil remains to be at the top in the list of export products in the Philippines.

The creation of these export products also provide much needed employment to thousands of Filipinos all around the country, which range from agriculture, construction, service and manufacturing sectors. HSBC projects the Philippine economy to become the 16th largest economy in the world, 5th largest economy in Asia and the largest economy in the South East Asian region by 2050.Įxports are a significant sector of the Philippine economy and help contribute as a source of foreign currency. Goldman Sachs estimates that by the year 2050, the Philippines will have the 14th largest economy in the world and one in its list of the Next Eleven economies. But China and India have emerged as major economic competitors. Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. Goldman Sachs includes the country in its list of the 'Next Eleven' economies. It is estimated that the country's rank will climb to the 18th spot by 2017 and 9th spot by 2050. The national economy of the Philippines is the 43rd largest in the world, with an estimated 2011 gross domestic product (nominal) of $224.754 billion.

Philippines exporter