The Philippines is among 10 new emerging economies citing the country’s high growth potential, favorable business environment, good production prospects, and sufficient financing to support expansion. The country has been transitioning from being onebased on agriculture to one based more on services and manufacturing.Here are some ideas and examples of Philippine top export products.
Woodcrafts And Furniture
The
Philippines is often referred to as the Milan of Asia. The Philippine
furniture
designers
are
sought after in other Asian countries such as China, Vietnam and
Indonesia. The unparalleled design and craftsmanship of
locally-manufactured furniture pieces have earned for Philippine
furniture a prime spot in the world market. This
industry has shown a steady growth of 11% per year for the past
decade making it a truly surging export of the Philippines (examples
are woodcarvings, rattan and bamboo furniture).
Agri-Food Products
The Philippines has recently emerged as one of the
rapidly growing agri-food markets in the Asian region. Increased
standards of living are driving new demand for processed foods and
beverages as well as high quality agricultural commodities.The Aquino
government has been supporting different agri-products such as
banana, sugar and rice exporting.
Marine Food Products
The Philippines continues to grow as one of Asia’s
most reliable source for high-grade food products. Being an
archipelago the Philippines has miles and miles of shoreline
surrounding seven thousand plus islands. Marine food products are
naturally one of the strong points of the country. Health-conscious
consumers are always looking for organic and healthy products such as
organic sea salt, seaweeds and other commodities.The country is still
producing majority of the total global production of Milkfish or
Bangus. Some of the main aquaculture products of the Philippines are
tuna, milkfish, shrimps and prawns.
Coconut Water And By-Products
The Coconut water is another strong exporting
opportunity for the country. This industry has experienced a massive
leap in sales reaching up to 300% increase. Coconut water is rich in
potassium and magnesium, and contains a considerable amount of
vitamin B which aids in strengthening the muscles.
Household Items
The given industry has also experienced a leap in sales
to non-Filipino buyers around the world.
Clothing And Fashion Accessories
The textile
and clothing industry in the Philippines ranks as the country's fifth
largest manufacturing sector in terms of output value and exports.
The Philippine textile and apparel industry is poised for growth and
is aiming to raise its competitiveness in the world market. Fashion
accessories are quite in trend as well and many people looking for
the fresh and unique in fashion tend to look for export products from
many countries, including the Philippines.
Natural Health Products
The natural health products industry is a
trillion-dollar global market. People are now getting more health
conscious these days resulting to a boom in the natural health
product sales. Health products from the Philippines has tremendous
potential to penetrate the global market. The USA, Europe, Middle
East are great targets for exporting these products. Some examples of
natural health products are the malunggay extracts, virgin coconut
oil, organic soap and natural fruit extracts to name a few.
Electronics And Gadgets
Since the boom of computer accessory exports in 2008
the Philippines has seen this industry as one of the fastest selling
products. The electronic industry remains the top selling product of
the country accounting to 51% of our total exports. Its reputation as
a fast growing shipment since its boom in 2008 has helped it become a
very reliable export source for the Philippines.
Gold
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