![]() Switzerland is the leading exporter of gold. These shipments represent 2% of the country’s export values. The annual global gold export market is worth $305 billion and with annual exports worth $2.01 billion, the Philippines has a less than 0.66% share. The island nation ranks second only behind Ecuador in banana exports. Global exports of bananas total $14 billion annually and the Philippines is the 2nd largest exporter with a 13% share of that global market. With annual shipments of bananas worth $1.82 billion, this commodity was the 9th most exported product from Philippines’s, representing 1.9% of all exports. Trade partners for the Philippines exports of coconut oil include the United States and the Netherlands, which account for 70.5% of its exports. The Philippines ranks #2, behind Indonesia which has a 41.2% share of the market. It has a 20% share of a global market worth $6.59 billion each year. Coconut OilĮxports of coconut oil represent 1.34% of the Philippines’s annual export values and the country is the second largest exporter of this commodity in the world. Here we’ve provided some in-depth analysis of Filipino exports. Planes, Helicopters, and/or Spacecraft – $2.5 billion.The trade volume between China and the Philippines reached $80.41 billion from January to November 2022, a year-on-year increase of 8.3 percent, per data released by the MOFCOM showed on Friday.The top export destinations of the Philippines are Hong Kong ($13.9 billion), United States ($13.8 billion), China ($13.3 billion), Japan ($11.2 billion), and Singapore ($7.92 billion). Coconuts, avocados, and frozen fruit have also become popular imports, and fresh durians will soon be exported to China, Shu said. China is also the third-largest export market for Philippine agricultural products, Shu Jueting, spokesperson for the Ministry of Commerce (MOFCOM), said at a press conference on Friday.Īt present, the Philippines is China's largest source of bananas and pineapples. Direct jobs include additional workforce in farm and packing facilities, while indirect jobs include those in packaging, logistics and other services sectors, according to a report from the Xinhua News Agency, citing data from the Philippine Department of Agriculture.Īt the end of 2021, China had been the Philippines' largest trading partner for six consecutive years, and its second-largest export market. ![]() The new rule, which gives the Philippines the same market access as Thailand, Malaysia and Vietnam, comes after Philippine President Ferdinand Marcos Jr's visit to Beijing last week, during which the two nations inked 14 bilateral deals spanning infrastructure investment and agricultural cooperation.Īmong the deals were a Protocol Agreeing on the Phytosanitary Requirements for Philippine Fresh Durian Exports to China, paving way for durian imports from the Philippines.Īs one of the most lucrative fruits that command a good price in the world's largest consumer market, access to the enormous Chinese market is a bonanza for Filipino durian growers.Īround 9,696 direct jobs and 1,126 indirect jobs will be generated after Philippine durians are cleared to export to China. China said it will allow imports of durian from the Philippines after meeting certain requirements, read a statement on the official WeChat account of the Chinese customs on Monday.
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