Judy Genshaft

University of South Florida

“The Tampa Bay Trade & Protocol Council is an integral part of our region’s international trade strategy"

President Ronald L. Vaughn

The University of Tampa

"The Tampa Bay Trade & Protocol Council has a lead role in helping to rebuild these relationships for our community.”

Bob Rohrlack

Greater Tampa Chamber of Commerce

Greater Tampa Chamber of Commerce commends the Mayor and County on their vision to strengthen Protocol with an international trade component.

Philippines

About
The Philippine islands are an archipelago of over 7,000 islands lying about 500 miles off the South-East coast of Asia in Pacific Ocean. The islands of the Philippines are especially beautiful and mountainous, with a volcanic past and a number of remaining active volcanoes, such as those of Mayon, Pinatuba and Taal (1).

Philippines’ natural resources include timber, petroleum, nickel, cobalt, silver, gold, salt and copper (2). Its economy is structured as followed (in % of GDP): services 57.2 %, industry 31.6 % and agriculture 11.2 % (2013) (3).

Philippines’ agriculture products include sugarcane, coconuts, rice, corn, bananas, cassava (manioc, tapioca), pineapples, mangoes, pork, eggs, beef and fish (3). Its industries include electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining and fishing (3).

Philippines’ top exports commodities include avocados, bananas, citrus fruits, mangoes, papayas, pineapples, electronic equipment, machinery and transport equipment, garments, optical instruments, coconut products, copper products and chemicals (1;2). Its top imports commodities include raw materials, machinery and equipment, fuels, vehicles and vehicle parts, plastic, chemicals and grains (2).

Philippines’ mains ports and harbors are Batangas, Cagayan de Oro, Cebu, Davao, Liman, and Manila (2).


Trade Statistics
Philippines were the United States' 37th largest goods trading partner with $17.7 billion in total goods trade during 2013 (4). In 2013, Philippines were the United States' 34th largest goods export market and 36th largest supplier of goods imports (4). In 2012, United-States were Philippines’ main import partner and 2nd main export partner (3). The United States are the Philippines' largest foreign investor (3).

The United States and the Philippines have had a very close trade relationship for more than a hundred years. They meet regularly under the auspices of a Trade and Investment Framework Agreement (TIFA) signed in November 1989. Several additional agreements have been signed under TIFA auspices, including a customs administration and trade facilitation protocol (2010) (3).

Trade Numbers
  • United States’ goods and private services trade with Philippines in 2012: $24 billion (4)
  • United States’ goods and services import from Philippines in 2012: $13.3  billion (4)
  • United States’ goods and services export to Philippines in 2012: $10.6 billion (4)
  • United States’ goods import from Philippines in 2013: $9.3 billion – (a 3.3% decrease ($316 million) from 2012) (4)
  • United States’ goods exports to Philippines in 2013: $8.4 billion - (up 4.2% ($341 million) from 2012) (4)
  • Imports from Philippines to Tampa Port Authority in 2010: $3,493,013 (5)
  • Exports from Tampa Port Authority to Philippines in 2010: $1,025,716 (5)

References
  1. http://www.world-guides.com/asia/philippines/
  2. http://www.infoplease.com/country/philippines.html?pageno=12
  3. https://www.cia.gov/library/publications/the-world-factbook/geos/rp.html
  4. http://www.ustr.gov/countries-regions/southeast-asia-pacific/philippines
  5. http://www.worldportsource.com/trade/byPort/PHL/USA_FL_Tampa_Port_Authority_96.php