The most valuable Filipino exports also include solar power components, automobile parts or accessories and aircraft parts. Gold as well as nickel and copper also appear among the Philippines’ highest value exports.
The following list shows on which product categories Filipino exporters generated the most revenue. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level.
This level of granularity can help entrepreneurs identify more precisely which products for which the Philippines enjoys strong demand and competitive advantages compared with other nations. Innovation can transform these insights into lucrative business opportunities.
For the most recent four-digit HTS code data, please see the Searchable List of Philippines Most Valuable Exports Products section in the Philippines Top 10 Exports article. For a link to that article, see the See also paragraph above Research Sources below.
Highest Value Filipino Export Products
Below are the 20 highest value export products delivered to the Philippines’s international customers in 2017. Shown within brackets is the year-over-year change in value for each exported product.
- Integrated circuits/microassemblies: US$17.6 billion (up 19.2% since 2016)
- Computers, optical readers: $6.3 billion (up 35.6%)
- Insulated wire/cable: $2.2 billion (down -2%)
- Solar power diodes/semi-conductors: $1.7 billion (down -26.6%)
- Cruise/cargo ships, barges: $1.7 billion (up 61.5%)
- Electrical converters/power units: $1.6 billion (down -0.5%)
- Coconut/palm/babassu oil: $1.6 billion (up 35.8%)
- Computer parts, accessories: $1.3 billion (down -25.4%)
- Refined copper, unwrought alloys: $1.3 billion (up 1083.6%)
- Gold (unwrought): $1.2 billion (up 91.9%)
- Wood carpentry, builders’ joinery: $1.2 billion (down -58.3%)
- Automobile parts/accessories: $1.1 billion (down -18.7%)
- Lower-voltage switches, fuses: $926 million (up 46.1%)
- Electrical capacitators: $756.4 million (up 41.2%)
- Bananas, plantains: $687.4 million (up 11.1%)
- Aircraft parts: $646.9 million (down -10.4%)
- Nickel ores, concentrates: $570.7 million (down -1.9%)
- TV receiver/transmit/digital cameras: $495.5 million (up 14.7%)
- Cases, handbags, wallets: $483 million (down -4.3%)
- Cameras, lighting apparatus: $448.7 million (up 143.7%)
Among these product categories, refined copper and unwrought alloys posted the greatest increase in Filipino export sales with a 1,084% gain in value from 2016 to 2017.
In second place were exported cameras and lighting apparatus which grew 143.7%.
Filipino exports of gold also showed a respectable 91.9% gain year over year, trailed by export sales of capital-intensive products cruise or cargo ships improved by 61.5%.
The fastest-declining product subcategories were: wood carpentry and builders’ joinery (down -58.3%), solar power diodes or semi-conductors (down -26.6%), computer parts or accessories (down -25.4%) then auto parts or accessories (down -18.7%).
See also Philippines Top Trading Partners and Philippines Top 10 Exports
Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 9, 2018
The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on March 9, 2018
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 9, 2018