China remains Philippines’ top trading partner
China is the Philippines’ top bilateral trading partner for the second year, a senior government official said.
The Philippines’ total merchandise trade with China continues to rise, and China has become our top bilateral trading partner, surpassing Japan in 2016,” said Socioeconomic Planning Secretary Ernesto Pernia.
For 2017, he said Philippine exports to China grew 8.4 percent, with top exports mostly being electronic products, close to 50 percent.
Imports from China increased 8.1 percent composed mostly of capital goods and raw materials and intermediate goods.
For 2017, Pernia said other exports to China that appear to show promising growth were coconut oil, communication radar equipment, abaca fibers, copra meal or cake and mangoes.