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The Philippines is strategically placed in the South China sea and the Pacific to make it a strategic trade partner with the United States. Apart from trade relations the two countries enjoy excellent military partnerships with the US setting up Naval bases in Subic and other places in the past and currently. The United States considers the Philippines a strong Non NATO ally and there are an estimated four million citizens of America with Philippine ancestry and over 200,000 US citizens in the Philippines.
The United States is the chief trading partner to the Honduras republic. Their bilateral trade relations have been mutually beneficial to both countries with the US exporting $5 billion worth of goods to Honduras and the Honduras exporting $4.6 billion to the United States. Both countries also enjoy military collaborations with the US having a military joint task force headquartered at the Santo Cano Air Base. The United States heavily invests in manufacturing, infrastructure construction, textiles, and general commerce to the tune of over $1 billion.
Saudi Arabia is home to the Muslim world’s holiest cities and also some of the world’s most extensive oil reserves. It remains one of the foremost powerful countries in the Middle East by virtue of controlling vast oil fields, having the most land mass in the Arabian Peninsula, and having considerable military might compared to other countries in the region. Unlike the United Arab Emirates that has diversified their economy to rely less on their oil reserves Saudi Arabia focuses most of its energy on very specific exports including:
The main trade partners of the Philippines include China, Japan, the United States, Singapore and Hong Kong. The Philippines is the world 36th largest economy and the thirteenth largest economy in Asia. This newly industrialized country is mainly dependent on agriculture, service and manufacturing for its GDP. With excellent trade route in the Pacific Ocean these are some of the country’s main exports and imports. Philippines´ Main Exports Coconut oil In 2018, coconut oil from the Philippines dominated the export market with 1.
Bordering Oman and Saudi Arabia, the United Arab Emirates has become a beacon of development and trade in the Arabian Peninsula. It shares maritime waters with Qatar and Iran to the West and North respectively. The United Arab Emirates is comprised of seven states that include Abu Dhabi, Dubai, Sharjah, Ajman, Ras al Khaimah, Fujairah and Umm al Quwain. The country is along the northern side of the Strait of Hormuz, which makes it a strategic country for seaborne container movement and trade.
The Philippines is another archipelagic nation teeming with ports that make it possible for her to conduct both regional and international trade. Her ports total 429 in number including international gateways to the pacific trade routes and inter-island ports that make it possible for locals to move from one island to another comfortably. With 7,461 island to move through across three geographical regions namely Visayas, Mindanao and Luzon, the country has clear need for a well established port system .
Honduras is in Central America and is well known for its natural resources from coffee to minerals and a growing textiles industry. It sits nestled between El Salvador, Guatemala and Nicaragua and has both the Pacific and Caribbean Sea coastlines on the north and south of it respectively. Honduras has commercial cities which are the capital Tegucicalpa and San Pedro Sula. Both are hubs of industry and commerce that drive the economy of the country.
Saudi Arabia occupies the majority of the Arabian Peninsula. Located in Western Asia, the country borders the United Arab Emirates, Oman, Qatar, Bahrain, Kuwait, Jordan, Iraq and the Red Sea. Saudi Arabia is a major trading partner with countries in the region as well as internationally which is why these 10 major ports are crucial to the country’s economy. 1. Jeddah Islamic Port Located right in the middle of the international shipping routes that connect the East to the West this port is crucial to the sustenance of Jeddah as Saudi Arabia’s commercial capital.
Honduras is a haven for agriculturalist being one of the most agriculturally productive countries in the world. They grow everything from bananas and tropical fruit to coconut, coffee and sugarcane. They are also great at aquaculture because of the Caribbean Sea and Pacific Ocean on the north and south of the country respectively. Their ports have been instrumental in moving and boosting the country’s GDP and here are their main exports:
Ecuador has well respected market for their petroleum, bananas, flowers, and shrimp. As a result the Central American country has built a great reputation for her products and the United States is one her major trading (import and export) partners in the region. In 2018 alone, Ecuador was the United States 40th largest export market for American goods. The US goods worth $5.8 billion last year compared to the $940 million of the previous year.