Description
The Philippines, a Southeast Asian archipelago, is a dynamic emerging market with a population of over 114 million in 2024. The country’s GDP growth is forecasted at 6.0% for 2024, driven by strong domestic demand and trade activities.
Regarding the Philippines export data, the primarily exports electronic products, machinery, copper, and transport equipment, contributing around $78 billion to the economy in 2023. Key export destinations include China, Japan, and the United States.
The Philippines' import data shows that the country heavily imports electronics, fuel, machinery, and transport equipment, with imports reaching approximately $137 billion in 2023. This shows how important it is for businesses and investors to understand the Philippines' import export data.
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