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Philippine Trade with Europe and ASEAN 2011

EUROPEAN UNION CORNERS 9.7 PERCENT OF RP’s TOTAL TRADE

Philippines' total external trade in goods with the European Union (EU) for the first semester of 2011 grossed $5.371 billion or 9.7 percent of the country’s total trade. Exports to EU reached $3.035 billion or 12.3 percent of the total export receipts, while imports were valued at $2.337 billion or a 7.7 percent share to total imports, resulting to a balance of trade in goods (BOT-G) surplus of $697.96 million. Among the EU member-countries, Germany was RP’s top trading partner with a total trade of $1.634 billion or 30.4 percent of EU’s total trade. Receipts from exports to Germany totaled to $919.49 million while payment for imports was valued at $714.99 million or a trade surplus of $204.50 million (Table 7).
Leading exports for the EU member-countries for the first semester in 2011 were Electronic Products, $1.710 billion; Coconut Oil, $370.85 million; Articles of Apparel and Clothing Accessories, $115.18 million; Tuna, $70.92 million; and Seaweeds and Carrageenan, $43.31 million (Table 8).

Top imports from the EU member-countries for the first semester in 2011 were Electronic Products, $988.81 million; Industrial Machinery and Equipment, $233.83 million; Medicinal and Pharmaceutical Products, $211.24 million; Transport Equipment, $94.12 million; and Paper and Paper Products, $68.48 million (Table 9).

Philippines Trade with Europe and ASEAN

ASEAN TOTAL TRADE STANDS AT $12.344 BILLION

Total external trade in goods with ASEAN member-countries for the first semester of 2011 amounted to $12.344 billion or 22.3 percent of the country’s entire trade. Exports to ASEAN member-countries were valued at $4.793 billion while imports were worth $7.551 billion, generating a trade deficit of $2.758 billion. Singapore emerged as the country’s top trading partner among the ASEAN member-countries with a total trade accounting for $5.305 billion or 43.0 percent share of the ASEAN total trade. Exports to Singapore registered a total of $2.588 billion while imports payment was $2.717 billion, which resulted to a trade deficit of $128.28 million (Table 7).

Leading exports for the ASEAN member-countries for the first semester in 2011 were Electronic Products, $2.532 billion; Petroleum Products, $298.82 million; Cathodes and Sections of Cathodes of Refined Copper, $298.71 million; Metal Components, $151.27 million; and Fertilizers Manufactured, $81.47 million (Table 8).

Top imports from the ASEAN member-countries for the first semester in 2011 were Electronic Products, $2.319 billion; Mineral Fuels, Lubricants and Related Materials, $1.356 billion; Transport Equipment, $670.53 million; Plastics in Primary and Non-Primary Forms, $322.12 million; and Cereals and Cereal Preparations, $257.50 million (Table 9). - https://www.affordablecebu.com/
 

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"Philippine Trade with Europe and ASEAN 2011" was written by Mary under the Philippine Government category. It has been read 3609 times and generated 1 comments. The article was created on and updated on 10 December 2011.
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