Philippines trade Data - Tradeimex.in

SOCIOECONOMIC OUTLINE OF VIETNAM AND THE PHILIPPINES Both the countries, specifically Vietnam and the Philippines are situated in the Asian landmass. Southeast Asia is the locale normal to the two nations. In the terms of region and land space, Vietnam has an edge as it is greater than the Philippines by very nearly 31,000 km. Despite Vietnam being the bigger country, the number of inhabitants in the Philippines surpasses that of Vietnam by practically 1.25 crores. Because of this variable, the populace thickness per square km is more prominent in the Philippines than in Vietnam. Discussing the sort of government in each country, then, at that point, the official authority in the Philippines is the Official body or president, while in Vietnam it is a Republic government. HOW GOOD IS THE CONNECTION BETWEEN VIETNAM IMPORT DATA AND THE PHILIPPINES TRADE DATA By profoundly investigating the trading trends between the Philippines and Vietnam, we arrived at a resolution that expresse

  LEVEL OF UNDERSTANDING BETWEEN THE TWO NATIONS The Philippines and the United States share a very strong bond with each other. Both nations are connected on various grounds such as historical, economic, and cultural. It has also been known that these countries share similar democratic values and the rules and regulations prevailing in both nations are similar and strongly followed. The US assists the Philippines in defense the most by making arms and ammunition available for it. As far as trade relations are concerned, then according to the Philippines Trade Data of the year 2021, the US was the biggest export partner of the Philippines. Various projects are in pipeline which are to be undertaken by both nations together in the near future and they are working closely together. Some of the upcoming projects are based on clean energy, climate crisis, promotion of growth and innovation, and health resources. Indeed, both countries are best friends and are working for the bettermen

  The Philippines and Vietnam, both the nations are situated close to each other and share a common continent, Asia. Vietnam is a bigger nation as compared to the Philippines, but in contrast, the population of the Philippines is more than Vietnam which leads to more population density and per capita income in the Philippines. Being populated with fewer people, Vietnam has a vast open space for development programs and the setting up of new industries and manufacturing units. Both countries share healthy bilateral trade relations with each and are into trade practices every now and then. BILATERAL TRADE SECRET OF VIETNAM AND THE PHILIPPINES As we mentioned above, the trade relations between both nations are very strong. This statement proves to get true by looking at the statistics shared by Philippines Trade Data and Vietnam Trade Data for the year 2020. As per Vietnam Export Data for the year 2020, the nation exported goods worth USD 3.65 billion to the Philippines. On the ot

  TRADE RELATIONS BETWEEN EUROPEAN UNION AND THE PHILIPPINES An agreement containing insights about the EU and the Philippines was framed long back on 22 December 2015 to conclude or decide upon the variety of issues that mainly curtails to tariffs and non-tariff barriers, trading of services and investments, sustainable development, and aspects of public procurement. This agreement will certainly develop a key aspect of the relationship between the EU and the Philippines whose foundation would be laid on the EU-Philippines Framework Agreement on Partnership and Cooperation that came into force in the year 2018. Moreover, the EU is demanding and negotiating to form a Free Trade Agreement with the Philippines which would help both nations to associate with each other and perform trade practices frequently without any trade barriers. This will help in the easy inward and outflow flow of goods without any hurdles. CURRENT TRADING SCENARIO BETWEEN THE EU AND THE PHILIPPINES ·   

MEANING OF TRADE DEFICIT AND ITS IMPLICATIONS Trade Deficit is a term used to denote the negative gap between the Imports and Exports made by a country in one fiscal year. In simple terms, when the value of total imports becomes larger than the value of total exports, then the situation of Trade Deficit arises where the outflow of money becomes more than the inflow. There are two main and biggest reasons why a country faces a trade deficit. One, when a particular nation is not able to produce every good domestically, then in order to fulfill the demands of its citizens, the nation tends to import a variety of goods from different countries and pay import taxes. Secondly, when most of the companies of a nation are in the manufacturing business and are set up abroad, importing the finished products from them incurs a huge cost that escalates the trade deficit even more. IMPACT OF TRADE DEFICIT ON COUNTRY AND ITS CITIZENS There are various impacts connected with trade deficits on

 Philippines-export Trade Data Roughly after a year, i.e., in the month of August 2022, the Philippines Trade Data showcased a trade value of USD 18842 million. the imports of the country increased very much as compared to last year leading to a widening gap between total imports and exports, leading to rising in trade deficit worth USD 6020 million. SOME MORE STATISTICS – THE PHILIPPINES EXTERNAL TRADE DATA During the month of September 2022, the total value of exports as mentioned in the Philippines trade data rose to USD 19.14 billion, growing by more than 11%. It shows that the Philippines is highly dependent on foreign trade due to its lack of capability to fulfill the demands of its citizens on its own. This argument is supported by mentioning that the total trade of the Philippines includes 62% of imports while only 38% of goods are exported. One more aspect, better known as the Balance of Payment (BoP), is also affected because of the rise in the Philippines Export Data

           IMPORT EXPORT DATA OF THE PHILIPPINES REALTIME FACTS AND FIGURES TO ANALYSE THE PHILIPPINES TRADE DATA Unlike other articles and blogs available online, we are going to start this blog with some facts today and the end will also be analytical and factual rather than theoretical. Starting with the year 2021, in the month of September 2021, the Philippines Trade Data showed a value of USD 17188 million for total trade which included exports worth USD 6690 million and imports worth USD 10497 million. After analyzing the Philippines Import Data and Philippines Export data for the month of September 2021, it was hence noticed that the nation faced a negative trade balance worth USD 3810 million. Roughly after a year, i.e., in the month of August 2022, the Philippines Trade Data showcased a trade value of USD 18842 million. the imports of the country increased very much as compared to last year leading to a widening gap between total imports and exports, leading to ris