What does Korea export to Philippines?

South Korea-Philippines In 2019, South Korea exported $8.9B to Philippines. The main products that South Korea exported to Philippines are Integrated Circuits ($2.64B), Refined Petroleum ($1.81B), and Crude Petroleum ($409M).

What does Philippines import from Korea?

What are the main exports of Philippines to South Korea?

Which country does Philippines trade with the most?

Philippines Top Trading Partners

• Japan: US$9.9 billion (15.5% of total Filipino exports)
• United States: $9.7 billion (15.2%)
• China: $9.6 billion (15.1%)
• Hong Kong: $9.1 billion (14.2%)
• Singapore: $3.8 billion (5.9%)
• Thailand: $2.9 billion (4.5%)
• South Korea: $2.5 billion (4%)
• Germany: $2.4 billion (3.7%)

How do I import goods to the Philippines?

To register as an importer, businesses first need an Import Clearance Certificate from the Bureau of Internal Revenue. Importers then register with the Bureau of Customs (BOC) and set up an account with the Client Profile Registration System (CPRS).

What is Philippines known for trading?

Country Brief The Philippines is a leading exporter of electronic products including processors, chips and hard drives as well as of agricultural products, including coconut, pineapple and abaca. Major export partners are Japan, the United States and China.

What are the main exports of the Philippines?

As of 2021, GDP by purchasing power parity was estimated to be at $1.47 trillion, the 18th in the world. The country’s primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits.

What are the major imports of the Philippines?

Philippines major imports are: electronic products (25 percent), mineral fuels (21 percent) and transport equipment (10 percent). Philippines’s main import partners are: China (13 percent), the United States (11 percent), Japan (8 percent) and Taiwan (8 percent).

What are the 10 top imports of the Philippines?

Top 10

• Electrical machinery, equipment: US$27 billion (23.9% of total imports)
• Mineral fuels including oil: $13.6 billion (12%)
• Machinery including computers: $12.5 billion (11.1%)
• Vehicles: $8.5 billion (7.5%)
• Iron, steel: $3.9 billion (3.5%)
• Plastics, plastic articles: $3.7 billion (3.3%)
• Cereals: $2.9 billion (2.6%)

What country does Philippines trade with?

Philippines top 5 Export and Import partners

Who is Philippines largest trading partner?

United States
Philippines top 5 Export and Import partners

What are the trade statistics for the Philippines?

Read more about Highlights of the Philippine Export and Import Statistics February 2021 (Preliminary). The country’s total external trade in goods in January 2021, which amounted to USD 13.40 billion, dropped at an annual rate of -11.1 percent. This…

Is the Philippines a trading partner of South Korea?

South Korea is the sixth biggest trading partner of the Philippines, while the Philippines is the third most attractive Southeast Asian country for South Korean investors in 2011. South Korea also provides the biggest tourist market for the Philippines.

How much money does South Korea export and import?

Overview: In May 2021 South Korea exported $50.7B and imported $47.8B, resulting in a positive trade balance of $2.94B. Between May 2020 and May 2021 the exports of South Korea have increased by $15.9B (45.5%) from $34.9B to $50.7B, while imports increased by $13.1B (37.9%) from $34.6B to $47.8B.

What was the exports of the Philippines in 2015?

Electronic Products continued to be the top earner and major exported commodity for 2015 with 49.1 percent of the total exports and which accelerated by 7.9 percent from $26.790 billion in 2014 to $28.904 billion. Other Manufactured Goods placed second with a share of 6.8 percent and a total receipt of $3.993 billion.