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Philippines
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Top Exports
The Philippines has a diverse export portfolio, with significant contributions from electronics, machinery, and agricultural products. In 2023, the country's total exports were valued at approximately $72 billion.
- **Electrical Machinery and Equipment (HS Code: 85)**: This category, including electronic integrated circuits and microassemblies, was the leading export, accounting for 55% of total exports, valued at $40 billion.
- **Machinery, Including Computers (HS Code: 84)**: Exports in this category were valued at $6.34 billion, representing 8.7% of total exports.
- **Copper and Articles Thereof (HS Code: 74)**: This sector contributed $2.51 billion to the export economy, making up 3.44% of total exports.
- **Optical, Photographic, Cinematographic, Measuring, Checking, Precision, Medical or Surgical Instruments (HS Code: 90)**: Exports in this category were valued at $2.5 billion, accounting for 3.43% of total exports.
- **Ores, Slag, and Ash (HS Code: 26)**: Primarily consisting of copper ores and concentrates, this category contributed $2.23 billion, or 3.06% of total exports.
- **Edible Fruit and Nuts (HS Code: 08)**: This agricultural sector, including products like coconuts and bananas, accounted for $1.95 billion in exports, representing 2.68% of the total.
- **Gems and Precious Metals (HS Code: 71)**: Exports in this category, including gold, were valued at $1.43 billion, making up 1.96% of total exports.
- **Animal or Vegetable Fats, Oils, and Waxes (HS Code: 15)**: This category, which includes coconut oil, contributed $1.28 billion to exports, accounting for 1.76% of the total.
- **Plastics and Articles Thereof (HS Code: 39)**: Plastic products exports were valued at $1.05 billion, representing 1.45% of total exports.
- **Vehicles Other Than Railway or Tramway Rolling Stock, and Parts and Accessories Thereof (HS Code: 87)**: This sector contributed $942 million to the export economy, making up 1.29% of total exports.
