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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [30] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee , cavendish banana , pineapple and pineapple products, coconut , sugar , and mango . [ 1 ]
The Philippines is the 8th-largest rice producer in the world, accounting for 2.8% of global rice production. [1] The Philippines was also the world's largest rice importer in 2010. [2] [needs update] There are an estimated 2.4 million rice farmers in the Philippines as of 2020. [3]
Businesses have also stocked up, placing bigger-than-usual import orders ahead of new tariffs taking hold, as the U.S. imported 11% more Chinese products in July and August than they did during ...
Earlier this month, the Philippines halted imports of poultry products from Belgium and France, also because of a bird flu outbreak. Bird flu is carried by migrating wild birds and can then be ...
Main page; Contents; Current events; Random article; ... This is a list of countries by imports, ... Philippines: 145,889 2022
Over 40% of imports were tuna, with other imports including mackerel, sardines, and prawn. A quarter of imports come from China, one-fifth from Papua New Guinea, and one-eighth from Vietnam, with other sources including Japan, Taiwan, South Korea, Thailand, and Nauru. [4]: 12, 61 Tuna import and re-export is a major component of this trade.
Field of tobacco in rural Philippines. First introduced in 1592, tobacco continues to dominate the social, political, and economic life in the Philippine regions where it is grown. The tobacco industry is a major force in the development of these areas, especially in Ilocos, in which it is still one of the region's leading sources of income.