South-East Asia IPR SME Helpdesk

Snapshot: Business in the Philippines for EU Companies

  

(Source: DG Trade )

SIZE of Market 

  • EU exports in total goods to the Philippines in 2015: EUR 6,159 million
  • EU imports in total goods from the Philippines in 2015: EUR 6,814 million
  • Total trade in goods in 2015: EUR 12,973 million
  • EU exports in services to the Philippines in 2014: EUR 1,455 million
  • EU imports in services from the Philippines in 2014: EUR 1,848 million
  • Total trade in services in 2014: EUR 3,303 million 
  • Philippines GDP in 2015: EUR 263.2 billion 
  • Philippines GDP growth in 2015: 5.8%

The EU is in 2015 the Philippines’ 4th largest trading partner after Japan, China and the US. Whereas, the Philippines is the EU’s 41st largest trading partner in 2015.

Key INDUSTRY SECTORS - 2015 

  • The EU main exports to the Philippines are (i) Machinery and appliances (35.1%), followed by (ii) Transport equipment (16.6%) and (iii) Products of the chemical or allied industries (12.2%).
  • The EU main import items from the Philippines include (i) Machinery and appliances (60.3%), followed by (ii) Optical and photographic instruments, etc. (10.5%) and (iii) Animal or vegetable fats and oils (5.2%).