Philippines Total Imports-Exports Value & Custom Shipment Data

Philippines Import  Trade Data is an effective tool that contains crucial and essential information about the trade activities of foreign countries across the globe.

The marketing intelligence that Exim provides allows you to monitor the overall trading activities of various global countries in the global trade markets.

Philippines custom trade data is consists of several essential and vital details related to Philippines trade data including all the statistics and strategies such as HS Code, Date, Products Description, Origin of the Country, Destination Country, Mode of Transportation, Port Name & Details, Shipment & Consignment Details, importer & Exporter Name, Address of Exporter & Importer, Rates, Weight, Quantity, Volume, Unit, Total Value USD, etc.

The custom import-export data Exim Trade Data provides helps trading partners evaluate potential buyers and suppliers based on their trading history and shipping records.

Traders and merchants use Philippines import-export data to make business plans, expand their business in the overseas markets, and use it as a database for conducting market analysis.

Philippines Total Import-Exports Value Year-wise

➢ In 2019, Philippines imports totaled $152.46 billion, an increase of 4.78% from 2018.

➢ In 2020, Philippines imports totaled $119.24 billion, a decline of 21.79% from 2019.

➢ In 2019, Philippines exports totaled $106.95 billion, an increase of 2.06% from 2018.

➢ In 2020, Philippines exports totaled $91.05 billion, a decline of 14.87% from 2019.

Philippines trade statistics show the total import-export value of this country in recent years and provide useful insights into the global trade market to help you form a more effective trade strategy for your import-export trade business in the overseas market.

What are the Major Ports of the Philippines 

Based on market research data and analysis reports, Calamba, Dumaguete, Cadiz, Taguilon/Ozams, Cebu, Pasig/Manila, Cagayan De Oro, Mati, Isabel, Polloc, General Santos/Dadia,  Rosario, Bacolod, Manila, and Cative are some of the major ports of the Philippines as per the Philippines import port list.

What are the major exports of the Philippines?

Market analysis reports of the Philippines suggest Electrical Machinery & Equipment $31.7 billion, Electronics & Computers $9.5 billion, Edible Fruits & Nuts $2.3 billion, Technical, Optical & Medical Apparatus $1.8 billion, Copper $1.7 billion, Ash, Slag & Ores $1.7 billion, Vehicles $939.1 million, Precious Metals & Gems $1.4 billion, Plastics & Articles of Plastics $895.4 million, Animal/Vegetable Oils & Fats $918.8 million were the top exported products of Philippines according to Philippines Export Data 2020.

To ensure that the data we provide is 100% genuine, authentic, and reliable we source data from various authorized sources of links such as Authorized Customs Departments, Logistics & Shipping Companies, Trade Associations, Port Authorities, Government Bodies, and some other authoritative links.

The global import-export trade data help companies and businesses use their resources more efficiently and effectively.

The custom import-export trade data that Exim Trade Data provides allows you to monitor the trade activities of your potential business competitors in the foreign trade market which gives you the opportunity to discover new and active buyers and suppliers as well as prepare a more effective trade strategy for your global import-export trade business.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.

Getting To Know Import-Export Trade Statistics Of Vietnam And India With EXiM Trade Data

Market research reports and data analysis not only provide assistance to acknowledge the ongoing market trends and demands, but it also helps you fight and stay ahead of your potential competitors.

For running a successful import-export business on an international level, import-export data plays an important role for every trader.

Import-export data, market research reports, and market analysis not only provide insight into the past events but also help you to acknowledge the ups and downs, current market flow, and its recent trends.

All these analyses help you minimize the potential risks and help you form more effective and productive import-export trade statistics to maximize your profit. 

The data EXiM provides is sourced from information such as import-export bills, shipping bills, invoices, and some other import-export documents that are essential to do import-export trade business across international borders.

1. India Customs Data

As of October 2021, Indian imports have decreased to $55370 USD million in September from $56390 USD million.

Year on year non-petroleum imports have surged 42.3% which is $35,500 USD million.

As per Indian customs data & trading economics global macro models, by the end of this quarter, Indian imports are expected to reach $44200.00 USD million.

According to the market research reports performed by our experts and professionals in the field of import-export, in 2022 & 2023  Imports of India are estimated to trend around $40100.00 USD million and $43500.00 USD million respectively.

We at EXiM trade data offer useful insight into the Indian import-export market and trade business. 

The India customs data we provide contains essential details on consignments such as date, HSN Code, quantity, product description, total value USD, port name, foreign country, unit, and so on.

       2. Vietnam Import Data

As of October 2021, Vietnam imports have decreased to $26.20 USD billion in September from $26.70 USD billion.

As per Vietnam Import Data & trading economics global macro models, by the end of this quarter, Vietnam imports are expected to reach $23.40 USD billion.

The customs data on Vietnam that EXiM provides assist you to look deeper into the Vietnam import-export trade statistics on a greater level.

Our market research reports data and market analysis help you provide transparency into the global import-export market which is vital for your import-export trade business.

The customs data we offer on Vietnam is sourced and developed by our experts who have the expertise of decades in the field of import & export and trade market.

 CONCLUSION

If you are someone new in the industry of import and export and need guidance or assistance regarding import-export business, you can connect with us at  info@eximtradedata.com as we provide digitally analyzed marketing researched import-export data that help you understand the current trend and flow of the market.

EXiM trade data website provides systematic import-export trade data over 60+ countries all around the globe.

We assist the companies to analyze and study the market and its trend to help companies make the right decision at the right time minimizing all the possible risks.

We also provide in-depth authentic import-export data strategies and solutions that help you enhance, attract and target potential markets for your services and products.   

Are You Looking PAKISTAN’S TRADE STRATEGY and Data for Pakistan Importer Data

 What are the objectives and development does Pakistan’s trade policy and strategy look to achieve? For the last forty years, many developing economies and countries have captured the coat-tails of the global trade boom and jumped up the growth ladder by following an export-led growth strategy. 

This strategy has frequently not been incorporated into a broader “ industrial policy” which has yet to accelerate industrialization while engineering a fabrication transformation of the economy; initially stepping from agriculture to industry, and later labor. From intensive low value-added exports to capital-intensive production involving innovation and technological sophistication.

With hardly any exceptions, the most successful arising economies of today have pursued an export-led trail for growth. While this growth strategy includes a myriad of policy interventions, each successful exporting nation follows a series of policies tailored to its specific needs & requirements. The general elements are as follows:

❖ Administration of export incentives

❖ Subsidized credit 

❖ A depreciate exchange rate 

❖ Selective liberalization of imports

While India may be quoted by some as an example of an economy that developed without a clear export-led strategy, the unprecedented growth in its manufactured exports over the past two decades has been a significant driver of growth. For example, while China’s exports have increased more than six-fold since the year 2000, India’s exports have grown more than five-fold, placing it second in the list of top-performing exporting countries during this period. Other top-performers have been Turkey, Vietnam, Bangladesh, and Cambodia.

Comparatively, Pakistan’s exports have grown 2.7 times during this period, making it one of the low achievers on this score.

It’s obvious, Pakistan has not done well in this regard. It is difficult to understand a clear long-term strategy that Pakistan has adopted with respect to export promotion over the past three decades, except in the Ayub-era push towards rapid industrialization, where a number of incentives were provided to industry and the export sector.

If anything, seeable and absurd- patterns appear when Pakistan’s trade administration and performance in recent times is critically examined: the policymakers of the country have a definite import bias rather than a distinct export bias.

The most conspicuous illustration of anti export policy bias and the almost unwanted emphasis on imports dates from the Musharraf Shaukat Aziz period. The nominal exchange rate was kept firm for several years, resulting in a real recognition of the rupee at a time when almost all successful exporting countries were actively using the frail currency as a policy tool to boost their exports.

Additionally, the State Bank of Pakistan unlatched the pecuniary tap and began downpouring the economy with cheap loans. A large portion of this credit was used to finance import-based consumption and subsequently, hundreds of billions of consumer loans were written off from banks’ balance sheets as myriad SBP- engineered credit bubbles burst.

In addition, import tariffs were drastically reduced. Pakistani negotiators signed on to lower ‘binding’ tariffs under the WTO than other developing countries. And above all, Pakistan went ahead and signed a Free Trade Agreement with China in the year 2006-only the third country to do so.

As a result of these erroneous policies, Pakistan’s imports increased, far exceeding exports, setting the stage for the biggest crisis of payments in the country’s history. To put this in perspective, as of 2008, the country’s imports exceeded US$40 billion, with exports funding less than 50% of the import payments.

More disastrously, the country’s manufacturing sector was hit by the opening up of all kinds of imports. At a time when the share of manufacturing in GDP increased in many countries of Asia, the share of Pakistan’s manufacturing sector in GDP decreased, as did its share in employment and new investment. During this period, many industries either closed down or came under pressure, including the manufacture of footwear, ceramics, and tyres. Massively low invoices and uncontrolled smuggling have compounded the industry’s problems.

While Pakistan has gone down the path of full-scale opening up of imports into the economy, successful exporting nations have adopted a more cautious liberalization of imports, restricting free imports into the export sector through bonded warehouses and export processing zones.

Some enthusiasts of “free trade” trust that the economy needs efficiency-boosting “constructive destruction”, and opening up to import is an upright way to achieve this. Despite the appeal of the free trade argument, no country exercises this approach. Therefore, the United States protects its auto, steel, and financial services industry- and deliberately subsidizes the agricultural and defense sectors. Japan protects its steel, agriculture, etc. whereas South Korea guarded shipbuilding for years, while the European Union has granted thousands of billions in subsidies for its “incompetent” agriculture.

Furthermore, to reduce the level of security of domestic agriculture and industry at a time of serious provocations such as the internal security circumstances and the energy predicament of the past seven years, and expect these sectors to enhance their efficiency under such circumstances and in some cases in opposition to subsidized competition are a prescription for disaster.

CONCLUSION

Pakistan needs to update its current import-export strategy and should learn from the policy experience and current exercise of big & successful economies, including India, and proceed towards greater liberalization in a phased and systematic manner.

For any query related to import-export trade data, you can connect with us at info@eximtradedata.com.or Visit site: https://www.eximtradedata.com