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The Republic of the Philippines is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. With a population of about 100 million people, the Philippines is the seventh-most populous country in Asia and the 12th most populous country in the world. The nation’s large population and economic potential have led it to be classified as a middle power. Its large market means you should want to export from the US to the Philippines.
The country’s primary exports include semiconductors and electronic products, garments, and fruits. Major trading partners include the United States, Japan, and China.
The Philippines is considered to be an emerging market and a newly industrialized country. In 2014, the GDP (PPP) was estimated to be at $692.223 billion. It is currently one of Asia’s fastest-growing economies. It is a founding member of the United Nations and the World Trade Organization. Learn more about how to export from the US to the Philippines.