The Philippines export is a $80 billion industry, and is expected to double in the coming years. What products do you think will be in demand internationally? Let us know down below!
We should export finished metal products not China processing and export to other countries just to make profits. I think coconuts, bananas, pineapples and other fruit have been exported to different countries especially Japan and South Korea. Fish has been exported to the US as well.
i'm sure the philippines has liberalized their economy to become more open to foreign ownership; but until that 60/40 law gets amended, the philippines will be stuck as a service-oriented economy. that law alone has kneecapped the philippines into the laggard it was in the 90s-00s.
The Philippines was actually the largest nickel exporter in the world in the past but a lot of mining sites were closed during the time of Gina Lopez when she was the Secretary of the Dept of Environment and Natural Resources (DENR). So at least we know that the Philippines can ramp up nickel production in the future as the need arises. The Philippines though should stop exporting nickel ores and export them as finished products. Not only the nickel ores. All the metals mined should be processed in the Philippines before exporting them.
Steel Refineries is energy intensive and uses a lot of coal or gas. Not to mention the carbon emission of operating such heavy industry. Processing nickel into ingots locally won't be price competitive since our energy prices is so expensive.
@@iMadrid11 That's right. Until we have a couple of cheap energy source (and clean if possible), Steel Refineries is a no go for reasons you've already stated. That's one of the reasons why our countries big Steel Refineries in the past have been closed.
Now i understood why Philippines currency keep subsided against dollars, because of deficits, lack of exports and do more import, Meaning you are spending a lot of your dollars buying their goods and little in return because of deficits in exports and imports. Thanks I learned a lot from your informations. Luckily we have OFW to drive this country growth using dollars buying other countries product to import in the Philippines. What we have to do is to strengthen our trades and export to gain more of what we spends in imports.
Angelo, our single biggest import is oil, something we barely produce. Let's keep fingers crossed and pray that the oil and gas exploration scheduled this year in the Liguasan Marsh will produce positive results ASAP and in big quantities.
One factor I see is the lack of ports in the country. Thats why many of our local produced agri products are wasted. Also lacl of irrigations to support maximize agri lands. And lack of support from corrupt officials who would rather choose imported products to have commission.
It's actually lack of confidence on the currency. Gloria made it the best performing currency in Asia in 2006. It peaked at 40 pesos from 56 in just a few months because of strong demand. Because of investor confidence.
some of our coconut products is peaking. The trees are maturing and some are not fruit bearing, and then there are less new trees being planted. it will be profitable in the next years or so but if they dont take care of the new ones, sadly it will cause problems. It's one of the topics in Business Insider yt.
Exports worth USD80 billion dollars is miniscule compared with Vietnam (est USD400 billion), Thailand (USD270 billion), Indonesia (USD230 billion), and Malaysia (USD300 billion). We need more than ~18% average annual growth in the next 10 years just to be on par with Vietnam's exports figures today!
Most of Vietnam export is China's though. Remember the Trade war between China and USA under Trump? Its still happening under Biden rn. Many China companies are setting up factories/HQs in vietnam due to geography advantage and the fact the Vietnamese Gov isnt much different to CCP
The PH is exporting mostly people, particularly skilled workers, because of the lack of opportunities and unworthy low average salary which would not be enough to cover living expenses.
@@alice_agogo we have all the young scientists, engineers, and other professionals other countries dream of and yet most people can't seem to find good employment locally. There are for sure opportunities, but they are scarce and too far in between.
@@sinukuan.woodworks I have a highschool friend who took up veterinary course. She only applied via email and she was hired in just a few days. Within a week she flew to a large city to start her job. It's about demand. Civil engineers whine about their starting salaries of 13k a month. Their fault for being in a field that's already crowded.
you are too much bro, there are still Vietnam, Thailand and Indonesia which will go very fast . but I'm not too sure about Indonesia because of the population and religious issues in the country.
The Agriculture sector is the Achilles heel of the Philippines, the previous administrations did NOT develop the potential of the industry, instead, it FOCUSES on the creation of Special Economic Zones, which is a BIG problem for land conversion. The food security of the Philippines is in a CROSSROADS now, before, we are exporting rice to other countries, now, we are the BIGGEST importer of Thai and Vietnamese rice, more than China, and we have to help the Filipino farmers to feed the country, we CAN NOT rely forever on our neighbors for food, because if there is a CRISES, many countries will surely STOP exporting food for their OWN security.
During Gloria's food crisis we were actually more productive than Thailand and Vietnam when it comes to yield per acre. So our farmers were more efficient. It's just that they have bigger land areas.
AS said Philippines relies heavily on its people working overseas sending money back to Philippines. It is passing a law banning forigners from working here. Other countries will retaliate by applying the same rule sending all OFW home. Philippine workers will be sent back to Philippines. Is that what the government wants?
The Philippines is one of the best, if not THE best source of cheap, hardworking, talented, highly educated labor. So I think it's unlikely that they'll just send OFW's home willy-nilly. I mean, who would reject cheap, productive labor just for spite?
Meow ahhahhaha Fyi, never papo naging Tiger of asia and pinas Japan Po Yung Tiger of Asia noon hehe at Ngayon Japan, Skorea, Hong Kong at Singapore or Taiwan.
I am waiting for Elon Musk, Sony, Panasonic, or other brands to decide to open a battery manufacturing facility in the Philippines instead of importing nickel. This will not only save them from spending too much on imports but will also help the Philippines' economy and will create more jobs. I cannot wait to see a future where the Philippines has one of the most advanced technology in the world. We now have BGC but maybe in the near future, we will have more cities or convert the existing ones to be like BGC.
@@VS-np3yq I totally agree. I am positive that in 5-6 years we will start to have a stable source of energy. The current government is aiming for modernizing the Philippines. The energy sector will surely get modernized too. We can't become a modern city but still rely on non renewable resources like petroleum.
Actually Philipines huge export is services ..we are top nusres exporter ..even me is one of it .. our salary is so high in abroad .so we choose to go to be a rich in philipines you need to sacrifice ..
@@halfasian6594 You don't count remittances as export since the value was made in other countries. It is a sources of revenue, yes, but not export. BTW: Wish you luck and got a decent life.
@@thanhnguyenduy3553 it is part of export if you talk about export .what do you think what drives economy of Philipines ? Not gas or oil like Malaysia .. because of it's people .. i am half American Filipino.. i have a decent life since born .. but we are humpble person ..
Strong export oriented? What? The Philippines has been running on trade deficit in the last 10 years, their export values are pathetic compared to countries like Malaysia, Thailand, Vietnam and Singapore despite its population of over 110 million people. This channel is bs.
My first investment with Brydeen coineach gave me profit of over $24,000 us dollars and even since then he has never failed to deliver and I can even say he is the most sincere broker I have known
When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big Way
The Philippines has the lowest export output in the ASEAN 5 but still manages to make it as the 3rd largest in terms of GDP. Imagine the potentials the Philippines have. PH should export more than import more. Surplus is better than deficit. But the high energy/electricity prices in PH plus outdated infrastructure make investors think twice therefore the manufacturing potential will be transferred to other countries instead in PH. Fortunately, decade old infra projects are now being started and plans for energy independence (nuclear, more power plants) are being accelerated and pushed by the present admin. If you are an investor and want to invest in manufacturing, first that will come into your mind is access to your factory (infrastructure) and the cost of operation (mainly electricity/energy). In terms of workforce, PH has no problem with a population of 110m+, a young population and a growing middle class. PH don't need to follow Vietnam since Vietnam is following China's steps (communism in governance but very capitalistic). PH is not communist. Maybe follow Thailand or Indonesia.
Infrastructure projects are all over the Philippines. It is not right to say that the infrastructure in the Philippines are outdated. It's the opposite actually. A lot of infrastructure are brand new since they were completed just recently during the Duterte administration. Thailand is going down and is lead by the military generals. So it is not right to follow Thailand. Besides, Thailand's gdp growth has been sluggish for years now. Indonesia is doing well but the Philippines has been growing faster than Indonesia. So why would the Philippines follow Indonesia when it is growing faster than Indonesia? The Philippines is doing well. Just trim the edges and the economic growth can even be faster than it is now. No need to follow the other countries.
If the Philippines don't start massively investing in new power plants and stabilizing the energy supply we will be stuck as a 3rd world country forever. Energy and infrastructure really is the building block of a stong country. Hopefully Marcos strongly focuses on this issue alongside agriculture.
Good Pm Sir, sana ang mga Philippine products domestic or exports products must be durables,quality, cheaper but quality kung icompara tayo sa Thailand mas maganda ang producto nila matibay katulad nang damit, sandal, ang binebintang damit na gawa nang Pilipinas ay mahal at manipis at mahal pa madaling masira sana matibay ang mga produkto nang Pilipinas para tangkilikin nang maraming bansa, Salamat & God bless.
This video made me think of how good the Indonesian government is. Have you heard about REIA? This is the next big thing. The west have oil and we have the rare earth metals according to someone that I forgot. This is why phones became thin and not because of the trend happening naturally. I hope that we will be one of the G20 in the future 😃
PHILIPPINES WILL BE A GREAT ONE OF THE TOP EXPORTER IN SOUTH EAST ASIA IN 10 YEARS TIME. ONLY PROBLEM IS PINOYS HAVE TO WORK MUCH HARDER TO MAKE THEIR COUNTRY TIGER OF SOUTH AISA
DAMN!! I didn't know that the Philippines has exports I thought their exports was their own people you know Sea farers, nurses, skilled workers, domestic helpers, etc. like human trafficking BUT legal..
The biggest export of the Philippines is its laborforce. Filipinos have become a comodity. Why isn't this factored in your report when remittances contribute a lot to the GDP?
Because he is not as stupid as you. While you're right that remittances bring in billions of USD to the Philippines, it's not considered as export. Filipino as commodities? Ano yan human trafficking? Please, magisip ka naman kahit konti lang.
Bcoz the value created by ofw isnt in the philippines but abroad. The money they sent home will be part of gdp since the money will b used for domestic consumption. But certainly not part of export.
Since america is printing dollars like crazy, our peso is affected since we are connected to dollars. We also have the war in ukraine so you can thank uncle biden for it. Now we have the taiwan problem.
Covid and the ukraine war take the biggest chunk of the reason, there are other minor reason but these two is the major one. Covid shut down our economy (like others) and made the gov't spend a lot while the economy is down, that's a big blow on our national budget since covid is an emergency we didn't prepare for, then the ukraine war happened thanx to Russia and oil supply got cut or in a sense hostage, hence making every prize go up higher since to transport goods and do trades of every kind, you need gas.
Marcos legacy, BTW testing phase na ng Norway ang automatikong cargo ships nila na walang tao. It will be driven by remote or AI, or both. Kaya nganga na lahat ng seaman sa susunod na dekada. I'll give them until 2035-2040 before they become obsolete
Kinda Weird...why Philippines has less oil?... Philippines have Sea in Pasific and south china sea..why they never drill and seach for oil??...i think there have a reserved oil or gas but never been explored....
Interesting. AURAPHIL thanks for this info. Philippines Export potentials, I think are: TROPICAL Fruits and Vegetables, Marine Products (Mariculture and Aqua culture), processed FOOD and Drinks, Cosmetics, Hygiene Articles. Furniture made from Bamboos and Rattan, Fashion , Accessories, Herbal Medicines and some more Agriculture will benefit all Filipinos including those living in the remotest areas. They have to be provided with high value planting materials for FREE, then assisted with good infrastructure such as Post Harvest facilities, Farm to market Roads, Transportation and promote ECO- and FARM Tourism.
If it's all that good in Philippines. Why are their most population is all around the world to make a living in order to send money to their families left in the Philippines?
Our Golds Philippines are still like pebbles or stones you can able to pick it up from ground if you wish.... BUT it is heavy guarded by certain Rightist Filipinos, super dangerous places since 1990s. Mountains of Gold are really exist in the Philippines where are reserved for incoming Filipino generations.
Nickel mining is destroying the Philippine rainforests. For a country that has yet to see a proliferation of electric vehicles in our streets, we are already paying a very high price for something that we do not enjoy.
The Philippines is has the largest of palladium around the world..Russia is only the 2nd one...this minerals reserved is not utilised.. maybe in the near future...
Energy independence, strong supply chains, secured food supply, sane policies and uncorrupted politicians, export more than you import - or you end up like Sri Lanka dear Philippines.
@TasteMate you identified another reason you can add to what I mentioned to why Sri Lanka failed, but the comparison is not unfair but legitimate, because that is what happened.
Yeah but we have 110 million young skilled labor force that is cheap to hire that already has a good reputation all over the world (overseas working is the biggest contributer to the GDP growth). Of course the economy will still be high no matter the crisis
@@bmona7550 yes demographics are good, but is only possible due to all the import of Energy, Food, etc. If that foundation fails, I am afraid the Philippines has a great problem.
VERY NICE INFORMATION. THANKS BE TO GOD THROUGH THE LORD JESUS CHRIST FOR BLESSING THE PHILIPPINES. WITH ABUNDANCE IN NATURAL RESOURCES MOSTLY STILL UNTOUCHED.
80B is dismal amoung Asean major economies. LMAO Php oudated infra, law and high electricity will always hinder its chances to be export powerhouse like other ASEAN countries
Foods plus food plus buying more more more triple fastest growing up mass Economic boom boom boom more supplying buy own products Pilipinos migrants working abroad international professional job watching again and again 11.7+ million in every month remittance
FYI WHATS BIGGEST EXPORTS PRODUCT OF LUZON ARCHIPELAGO? HUMAN RESOURCE 😂🤣 MINDANAO ARCHIPELAGO IS THE ONLY ISLAND CAN HAVE MUCH RAW MATERIALS TO EXPORT 🤣😂🍺🍺🍺🍺🍺🍺
The Philippines export is a $80 billion industry, and is expected to double in the coming years. What products do you think will be in demand internationally? Let us know down below!
Public transportaion production, but philipine is lack on that industry
metal will be the best export of the philippines but it should not export in raw form ..
We should export finished metal products not China processing and export to other countries just to make profits. I think coconuts, bananas, pineapples and other fruit have been exported to different countries especially Japan and South Korea. Fish has been exported to the US as well.
It depends on the performance of the Foreign Trade Service Corp of DTI. It seems they are just globetrotting
i'm sure the philippines has liberalized their economy to become more open to foreign ownership; but until that 60/40 law gets amended, the philippines will be stuck as a service-oriented economy. that law alone has kneecapped the philippines into the laggard it was in the 90s-00s.
love to phillipphines from Indonesia
Export is not just limited to products, services can also be as a type of export wherr the Philippines 🇵🇭 is huge e. g Nurses and BPO, as mentioned.
finally !! a brainy one comment !!!
Ah yes the legal human trafficking
The Philippines was actually the largest nickel exporter in the world in the past but a lot of mining sites were closed during the time of Gina Lopez when she was the Secretary of the Dept of Environment and Natural Resources (DENR). So at least we know that the Philippines can ramp up nickel production in the future as the need arises.
The Philippines though should stop exporting nickel ores and export them as finished products. Not only the nickel ores. All the metals mined should be processed in the Philippines before exporting them.
Steel Refineries is energy intensive and uses a lot of coal or gas. Not to mention the carbon emission of operating such heavy industry. Processing nickel into ingots locally won't be price competitive since our energy prices is so expensive.
@@iMadrid11 That's right. Until we have a couple of cheap energy source (and clean if possible), Steel Refineries is a no go for reasons you've already stated.
That's one of the reasons why our countries big Steel Refineries in the past have been closed.
do you have enough powerplants?
We can't. The country produces a thousand metallurgical engineers a year. In 2012 it was 150
Now i understood why Philippines currency keep subsided against dollars, because of deficits, lack of exports and do more import,
Meaning you are spending a lot of your dollars buying their goods and little in return because of deficits in exports and imports.
Thanks I learned a lot from your informations.
Luckily we have OFW to drive this country growth using dollars buying other countries product to import in the Philippines.
What we have to do is to strengthen our trades and export to gain more of what we spends in imports.
Angelo, our single biggest import is oil, something we barely produce. Let's keep fingers crossed and pray that the oil and gas exploration scheduled this year in the Liguasan Marsh will produce positive results ASAP and in big quantities.
One factor I see is the lack of ports in the country. Thats why many of our local produced agri products are wasted. Also lacl of irrigations to support maximize agri lands. And lack of support from corrupt officials who would rather choose imported products to have commission.
It's actually lack of confidence on the currency. Gloria made it the best performing currency in Asia in 2006. It peaked at 40 pesos from 56 in just a few months because of strong demand. Because of investor confidence.
the OFW is a band soultion it was never intended to replace our exports
some of our coconut products is peaking. The trees are maturing and some are not fruit bearing, and then there are less new trees being planted. it will be profitable in the next years or so but if they dont take care of the new ones, sadly it will cause problems. It's one of the topics in Business Insider yt.
Well you need to start planting them itd be ludicrous for an archipelago country to losing their coconut commodity.
Vietnam is in the right track right now..maybe they can surpass Thailand
In terms of export, Vietnam has already surpassed Thailand in the last few years. Now Vietnam is in top 2, only behind Singapore.
Vietnam will be the next China for sure ngl in exporting cause I can see the potential
yep
@@denganituingatlahdia8867 it still can't compete with China's supply value chain. And China has 80 million strong workforce, Vietnam only 12 million.
@@denganituingatlahdia8867 it's still largely dependent on Samsung. That company keeps seeing its lead being eroded.
SMC is building a USD500 million EV battery plant in Dinagat islands this September.
*andon yung nickel ore sa dinagat po?*
Exports worth USD80 billion dollars is miniscule compared with Vietnam (est USD400 billion), Thailand (USD270 billion), Indonesia (USD230 billion), and Malaysia (USD300 billion). We need more than ~18% average annual growth in the next 10 years just to be on par with Vietnam's exports figures today!
Most of Vietnam export is China's though. Remember the Trade war between China and USA under Trump? Its still happening under Biden rn. Many China companies are setting up factories/HQs in vietnam due to geography advantage and the fact the Vietnamese Gov isnt much different to CCP
No one trusts PH manufacturing. Even Intel and fedex left. During Marcos' time Toyota, Ford and other automakers left.
The PH is exporting mostly people, particularly skilled workers, because of the lack of opportunities and unworthy low average salary which would not be enough to cover living expenses.
This. PH is a huge manpower agency. We mostly export labor and people.
There are lots of opportunities. You're just not qualified for high paying jobs
@@alice_agogo we have all the young scientists, engineers, and other professionals other countries dream of and yet most people can't seem to find good employment locally. There are for sure opportunities, but they are scarce and too far in between.
@@sinukuan.woodworks I have a highschool friend who took up veterinary course. She only applied via email and she was hired in just a few days. Within a week she flew to a large city to start her job. It's about demand. Civil engineers whine about their starting salaries of 13k a month. Their fault for being in a field that's already crowded.
@@alice_agogo the fact that you were able to single out your friend speaks of how scarce opportunities are.
*sooner or later. We will become very strong. no one can stop us....* 😊
you are too much bro, there are still Vietnam, Thailand and Indonesia which will go very fast . but I'm not too sure about Indonesia because of the population and religious issues in the country.
Amazing Philippines!!! :)
#LabanPilipinas
#teamPayaman
Unless the world goes aflame then yes no one can stop us ✊
The Agriculture sector is the Achilles heel of the Philippines, the previous administrations did NOT develop the potential of the industry, instead, it FOCUSES on the creation of Special Economic Zones, which is a BIG problem for land conversion. The food security of the Philippines is in a CROSSROADS now, before, we are exporting rice to other countries, now, we are the BIGGEST importer of Thai and Vietnamese rice, more than China, and we have to help the Filipino farmers to feed the country, we CAN NOT rely forever on our neighbors for food, because if there is a CRISES, many countries will surely STOP exporting food for their OWN security.
During Gloria's food crisis we were actually more productive than Thailand and Vietnam when it comes to yield per acre. So our farmers were more efficient. It's just that they have bigger land areas.
Yo
Hello
The Philippines major exports was immigrants especially towards gulf arab countries, the US, Canada,and Europe
PH is a growing country
and most of our neighboring countries are not happy on it 😂😂
@@nadara7801 Yeah haha 😂
@@qu8172 your neighbors already surpassed you.
PHILIPPINES NEED TO EXPORT ALL POLITICIANS. SO NO MORE CORRUPTION IN PHILIPPINES. THIS IS THE BEST IDEA 💡.
😅
Ahaha..😂😂😂😂
Thank you for featuring PHILIPPINES ❤️
Philippines may be limited in technology but it is a nation that exports affordable good quality food.
AS said Philippines relies heavily on its people working overseas sending money back to Philippines. It is passing a law banning forigners from working here. Other countries will retaliate by applying the same rule sending all OFW home. Philippine workers will be sent back to Philippines. Is that what the government wants?
Maybe when no jobs abroad ! Less OFW than more problem
The Philippines is one of the best, if not THE best source of cheap, hardworking, talented, highly educated labor. So I think it's unlikely that they'll just send OFW's home willy-nilly. I mean, who would reject cheap, productive labor just for spite?
it really depends....it can solve the brain drain but at the same time we will lose the OFW remittances.
The tiger of asia is back🐅🇵🇭🇵🇭🇵🇭
Meow ahhahhaha Fyi, never papo naging Tiger of asia and pinas Japan Po Yung Tiger of Asia noon hehe at Ngayon Japan, Skorea, Hong Kong at Singapore or Taiwan.
Amazing Philippines!!! :)
#TigerOfAsia
MAKE THE PHILIPPINES GREAT AGAIN 💖
"Behind Philippines"
I am waiting for Elon Musk, Sony, Panasonic, or other brands to decide to open a battery manufacturing facility in the Philippines instead of importing nickel. This will not only save them from spending too much on imports but will also help the Philippines' economy and will create more jobs. I cannot wait to see a future where the Philippines has one of the most advanced technology in the world. We now have BGC but maybe in the near future, we will have more cities or convert the existing ones to be like BGC.
Need to solve energy crisis first, then foreign investors might give it a second look.
@@VS-np3yq I totally agree. I am positive that in 5-6 years we will start to have a stable source of energy. The current government is aiming for modernizing the Philippines. The energy sector will surely get modernized too. We can't become a modern city but still rely on non renewable resources like petroleum.
@@Schjoenz they've been saying that since Gloria 😂
You don't just call a huge deficit country as export-oriented economy, they are consumption based economy.
Actually Philipines huge export is services ..we are top nusres exporter ..even me is one of it .. our salary is so high in abroad .so we choose to go to be a rich in philipines you need to sacrifice ..
@@halfasian6594 You don't count remittances as export since the value was made in other countries. It is a sources of revenue, yes, but not export.
BTW: Wish you luck and got a decent life.
Export is not just limited to products, services can also be as a type of export wherr the Philippines 🇵🇭 is huge e. g Nurses and BPO, as mentioned.
@@thanhnguyenduy3553 it is part of export if you talk about export .what do you think what drives economy of Philipines ? Not gas or oil like Malaysia .. because of it's people .. i am half American Filipino.. i have a decent life since born .. but we are humpble person ..
@@thanhnguyenduy3553 mind it for yourself .. i think i am the one who said wish you a decent life ..
Strong export oriented? What? The Philippines has been running on trade deficit in the last 10 years, their export values are pathetic compared to countries like Malaysia, Thailand, Vietnam and Singapore despite its population of over 110 million people. This channel is bs.
Importing is better 😊
Investing in crypto now is very cool especially with the current rise in the market now
Expert Mr Brydeen coineach is obviously the best, I invested $3,000 and he made profit of $28,000 for me just in 15days
He success story is everywhere
My first investment with Brydeen coineach gave me profit of over $24,000 us dollars and even since then he has never failed to deliver and I can even say he is the most sincere broker I have known
He's really the best, I've made a lot,
When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big Way
the most export in PH is citizen.
And Vietnamese dependent on oil-gas.
Services is the main export of the philippines, either by BPO or OFW.
The Philippines has the lowest export output in the ASEAN 5 but still manages to make it as the 3rd largest in terms of GDP. Imagine the potentials the Philippines have. PH should export more than import more. Surplus is better than deficit. But the high energy/electricity prices in PH plus outdated infrastructure make investors think twice therefore the manufacturing potential will be transferred to other countries instead in PH. Fortunately, decade old infra projects are now being started and plans for energy independence (nuclear, more power plants) are being accelerated and pushed by the present admin. If you are an investor and want to invest in manufacturing, first that will come into your mind is access to your factory (infrastructure) and the cost of operation (mainly electricity/energy). In terms of workforce, PH has no problem with a population of 110m+, a young population and a growing middle class. PH don't need to follow Vietnam since Vietnam is following China's steps (communism in governance but very capitalistic). PH is not communist. Maybe follow Thailand or Indonesia.
Infrastructure projects are all over the Philippines. It is not right to say that the infrastructure in the Philippines are outdated. It's the opposite actually. A lot of infrastructure are brand new since they were completed just recently during the Duterte administration.
Thailand is going down and is lead by the military generals. So it is not right to follow Thailand. Besides, Thailand's gdp growth has been sluggish for years now. Indonesia is doing well but the Philippines has been growing faster than Indonesia. So why would the Philippines follow Indonesia when it is growing faster than Indonesia? The Philippines is doing well. Just trim the edges and the economic growth can even be faster than it is now. No need to follow the other countries.
If the Philippines don't start massively investing in new power plants and stabilizing the energy supply we will be stuck as a 3rd world country forever. Energy and infrastructure really is the building block of a stong country. Hopefully Marcos strongly focuses on this issue alongside agriculture.
We already export basketball players in B league, KBL, T1 Taiwan and Mobile legends players and coaches IN Indonesia, Cambodia and Malaysia
Hahahaha
Cause of OFW 😂😂😂
Mabuhay ang Pilipinas
Good Pm Sir, sana ang mga Philippine products domestic or exports products must be durables,quality, cheaper but quality kung icompara tayo sa Thailand mas maganda ang producto nila matibay katulad nang damit, sandal, ang binebintang damit na gawa nang Pilipinas ay mahal at manipis at mahal pa madaling masira sana matibay ang mga produkto nang Pilipinas para tangkilikin nang maraming bansa, Salamat & God bless.
Thanks for this update and continue it
This video made me think of how good the Indonesian government is. Have you heard about REIA? This is the next big thing. The west have oil and we have the rare earth metals according to someone that I forgot. This is why phones became thin and not because of the trend happening naturally. I hope that we will be one of the G20 in the future 😃
PHILIPPINES WILL BE A GREAT ONE OF THE TOP EXPORTER IN SOUTH EAST ASIA IN 10 YEARS TIME. ONLY PROBLEM IS PINOYS HAVE TO WORK MUCH HARDER TO MAKE THEIR COUNTRY TIGER OF SOUTH AISA
Not to work harder... but to be Entrepreneurial and work smarter :)
#LabanPilipinas
#teamPayaman
Let's PH play role as a TIGER in SOUTH ASIA as you said 🤣🤣🤣. 🤣🤣🤣 SOUTH ASIA?
@@superbeef8653 mismo
Panahon pa ni Ramos yang tiger cub hanggang ngayon kuting pa rin 😂
Wow hope it grows. God Bless us
I hope in the end even the lowest Filipino would benefit from our country' progress
Their fault for watching teleseryes. It rots their already rotten brains 😂
DAMN!! I didn't know that the Philippines has exports I thought their exports was their own people
you know Sea farers, nurses, skilled workers, domestic helpers, etc.
like human trafficking BUT legal..
The only trafficking that matters 😁
The biggest export of the Philippines is its laborforce. Filipinos have become a comodity. Why isn't this factored in your report when remittances contribute a lot to the GDP?
Because he is not as stupid as you. While you're right that remittances bring in billions of USD to the Philippines, it's not considered as export. Filipino as commodities? Ano yan human trafficking? Please, magisip ka naman kahit konti lang.
Remittances don’t form part of Export.
You are absolutely correct..
Bcoz the value created by ofw isnt in the philippines but abroad. The money they sent home will be part of gdp since the money will b used for domestic consumption. But certainly not part of export.
Export = trade exports from PEZA economic zones and manufacturing industry + BPO revenues.
I'm surprised mango isn't one of the top exported fruits.
And fresh coconuts as well.
@@norcalpinoy9618 Banana Republic
It really should. Philippine mangos hit different
It is according to a show by Kara David. pineapples 🍍 are number 1 followed by bananas then mangoes
Hello I'm from Philippines 🌿
We import billion of dollars each year for Rice and etc🥶
Hello, can you tackle the sudden rise of inflation in the Philippines
Since america is printing dollars like crazy, our peso is affected since we are connected to dollars. We also have the war in ukraine so you can thank uncle biden for it. Now we have the taiwan problem.
Covid and the ukraine war take the biggest chunk of the reason, there are other minor reason but these two is the major one. Covid shut down our economy (like others) and made the gov't spend a lot while the economy is down, that's a big blow on our national budget since covid is an emergency we didn't prepare for, then the ukraine war happened thanx to Russia and oil supply got cut or in a sense hostage, hence making every prize go up higher since to transport goods and do trades of every kind, you need gas.
@@gieeeno its sad really. Anyways for the survivors like us, best of luck.
Marcos in the office
PH has a great potential only if there politicians are not so corrupt... but I guess corruption is the way of life in the island.
Top export = OFWs (DH, Sea-based) 😔
Marcos legacy, BTW testing phase na ng Norway ang automatikong cargo ships nila na walang tao. It will be driven by remote or AI, or both. Kaya nganga na lahat ng seaman sa susunod na dekada. I'll give them until 2035-2040 before they become obsolete
@@alice_agogo and you people kept it up. it was temporary solution but you never stopped it.
@@azuaraikrezeul1677 what for? It fattens the wallets 💰💲 💴💵💷 of the oligarchs
The Philippines Exploit Economy, Explained next please!
Kinda Weird...why Philippines has less oil?... Philippines have Sea in Pasific and south china sea..why they never drill and seach for oil??...i think there have a reserved oil or gas but never been explored....
Only 80 billion USD? Compare Singapore 398 Billion USD, Vietnam 298 billion USD, Malaysia 292 billion USD
Singapore just re exports because it's a route hub like Hong Kong
Interesting. AURAPHIL thanks for this info. Philippines Export potentials, I think are: TROPICAL Fruits and Vegetables, Marine Products (Mariculture and Aqua culture), processed FOOD and Drinks, Cosmetics, Hygiene Articles. Furniture made from Bamboos and Rattan, Fashion , Accessories, Herbal Medicines and some more Agriculture will benefit all Filipinos including those living in the remotest areas. They have to be provided with high value planting materials for FREE, then assisted with good infrastructure such as Post Harvest facilities, Farm to market Roads, Transportation and promote ECO- and FARM Tourism.
If it's all that good in Philippines. Why are their most population is all around the world to make a living in order to send money to their families left in the Philippines?
Our Golds Philippines are still like pebbles or stones you can able to pick it up from ground if you wish.... BUT it is heavy guarded by certain Rightist Filipinos, super dangerous places since 1990s.
Mountains of Gold are really exist in the Philippines where are reserved for incoming Filipino generations.
Weh di nga?
Nickel mining is destroying the Philippine rainforests. For a country that has yet to see a proliferation of electric vehicles in our streets, we are already paying a very high price for something that we do not enjoy.
Where is that statistics ?
Pilipinos are only consumers...tnx to our politicians
We stop using oil for electric cars but nickel mining is also destroying the environment.
fook the environment. Let's pollute the planet 😁
Philippines no. 1 exporter of expats. 😂 You can't find a country without filipino nurse
OFW too.
We have an export economy???
Value of export only 80 billion USD. The 6th place in South East Asia behind Indonesia
Export dependent economies tend to suffer during global meltdowns like Asian Financial Crisis or 2008 crisis
The Philippines is has the largest of palladium around the world..Russia is only the 2nd one...this minerals reserved is not utilised.. maybe in the near future...
Wow 👌
Thats why Nokia is an EPIC PHONE that last long HAHAHHAHAHAH!!! Philippines lang sakalam.
Never surpass Vietnam
still can not beat Malaysia, Indonesia and Singapore
Energy independence, strong supply chains, secured food supply, sane policies and uncorrupted politicians, export more than you import - or you end up like Sri Lanka dear Philippines.
@TasteMate you identified another reason you can add to what I mentioned to why Sri Lanka failed, but the comparison is not unfair but legitimate, because that is what happened.
Yeah but we have 110 million young skilled labor force that is cheap to hire that already has a good reputation all over the world (overseas working is the biggest contributer to the GDP growth). Of course the economy will still be high no matter the crisis
@@bmona7550 yes demographics are good, but is only possible due to all the import of Energy, Food, etc.
If that foundation fails, I am afraid the Philippines has a great problem.
Where does the OFW remittances play here?
Unproductive inflationary money
VERY NICE INFORMATION.
THANKS BE TO GOD THROUGH THE LORD JESUS CHRIST FOR BLESSING THE PHILIPPINES. WITH ABUNDANCE IN NATURAL RESOURCES MOSTLY STILL UNTOUCHED.
Exporter of People
so sad our taxes being wasted by corrupt govt official
Is the admin of this channel a Filipino?
80B is dismal amoung Asean major economies. LMAO Php oudated infra, law and high electricity will always hinder its chances to be export powerhouse like other ASEAN countries
Exaggeration. Miniature export compared to other countries.
🇵🇭🇵🇭🇵🇭
We import rice..i would eat plantain instead.
Singapore. A small nation has a 941 billion export with a small import of 880 billion.
Dios mio. Dapat noon pang pinagtuunan ng pansin yan. 😂
hi
Just wait when the nuclear plants start
Philippines sugar industry will boom sooner than later. and potential export product
And yet we have expensive iPhone.
i only knew one exportable product from philippines and that is "labor"!..hahaha
????
Philippines import more on China than its Export all over tge world Lmao
well China has a very business minded mindset while Filipinos are.... nvm. realtalklang
@@Ymats-dj1nt Recently though despite the TikTok trends here I think younger Filipinos are starting to focus more on making money than.... kids.
#SiobalD
1:25 Really Taiwan is included as Part of Southeast Asian Map?
I read the ASEAN countries and Taiwan is not part of it.
Foods plus food plus buying more more more triple fastest growing up mass Economic boom boom boom more supplying buy own products Pilipinos migrants working abroad international professional job watching again and again 11.7+ million in every month remittance
FYI WHATS BIGGEST EXPORTS PRODUCT OF LUZON ARCHIPELAGO? HUMAN RESOURCE 😂🤣
MINDANAO ARCHIPELAGO IS THE ONLY ISLAND CAN HAVE MUCH RAW MATERIALS TO EXPORT 🤣😂🍺🍺🍺🍺🍺🍺
asean 6th economic tiger woa woa😅
คนไทยทำได้ๆๆๆๆๆๆๆๆๆๆๆๆๆ
Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand, Thailand,.................................................................................. กดเ้้าสรััีร
Bantot spotted