If you want further analysis and the best advice about the Philippines Trade Data or Import Export Data of any country, then get in touch with TradeImeX® Info Solution Pvt Ltd. We are one of the best companies available online that provide 100% accurate and reliable trade data from more than 70 countries including Vietnam, Turkey, the USA, etc. at affordable prices. We deal in providing customized databases to our clients which are highly curated as per each client’s needs and wants.

1. BILATERAL TRADE RELATIONS BETWEEN THE
PHILIPPINES AND CHINA – JUICY INSIGHTS
HOW ARE THE BILATERAL TRADE RELATIONS BETWEEN BOTH COUNTRIES?
By mutually signing an official agreement, the Philippines and China established
their first-ever bilateral trade relations on June 9th, 1975. Since that time and up
until the present, the commercial relations between the two countries have
experienced many ups and downs in both linear and multi-dimensional ways. The
frequent visits of the presidents of one country to the other help to foster a sense
of mutual trust and confidence between the nations.
Both nations recently commemorated their 30 years of bilateral economic relations
with the utmost satisfaction and joy on June 9, 2005. Throughout these 30 years,
other bilateral agreements have also been made, including the Joint Trade
Agreement in 1975, the Postal Agreement in 1978, and the Tax Agreement in 1989.
Recently, on 9th
June 2005, both countries celebrated their 30 years of bilateral
trade relations with utmost pleasure and joy. In these 30 years, various mutual
agreements are also signed between both countries like the Joint Trade Agreement
in the year 1975, followed by a Postal agreement in 1978, a tax agreement in 1999,
an Extradition treaty in the year 2001, etc.
The bilateral relations between both countries were cordial until territorial disputes
happened in the South China Sea which were caused due to the ownership of the
disputed islands named, Spratly Islands. Many attempts have been made to resolve
this issue which included the agreement named “shelving disputes and going in for
joint development” but still the issue persists and the bilateral trade between both
countries is still affected due to this.
BILATERAL TRADE ANALYSIS (2017-2021)
Let’s understand the bilateral trade trend with respect to the Philippines Trade
Data for the past 5 years.
BILATERAL TRADE TREND ANALYSIS – PHILIPPINES AND CHINA (2017-21)
YEAR PH > CHINA CHINA > PH REMARKS

2. 2017 USD 6.99 billion USD 17.81 billion PH in Trade Deficit
2018 USD 8.69 billion USD 22.57 billion PH in Trade Deficit
2019 USD 9.62 billion USD 25.74 billion PH in Trade Deficit
2020 USD 9.62 billion USD 20.95 billion PH in Trade Deficit
2021 USD 11.53 billion USD 28.20 billion PH in Trade Deficit
By studying the bilateral trade statistics of the last five years, we easily reached the
conclusion that the Philippines Trade Data always stayed under a trade deficit
situation.
TOP 5 ITEMS IMPORTED BY THE PHILIPPINES FROM CHINA (2021)
Among every one of the items imported by the Philippines from China, the top
items who has the biggest commitment to the Philippines Import information for
the year 2021 are:
• Electrical machines and extra parts (USD 7.38 billion)
• Hardware and mechanical things like television, reactors, and boilers (USD
3.07 billion)
• Mineral powers and oils (USD 2.57 billion)
• Iron and steel (USD 1.95 billion)
• Light auto (USD 1.07 billion)
• Plastic items (USD 1.01 billion)
Different items on this rundown are clay things, drug items, furniture, and accuracy
instruments.
TOP 06 Things Traded BY THE PHILIPPINES TO CHINA (2021)
In view of the measurements delivered by the Philippines Commodity Information
for the year 2021, we have accumulated the most genuine data on the top items
traded by the Philippines to China in the year 2021. They are as per the following:
• Electrical apparatus and hardware (USD 4.94 billion)
• Copper items (USD 1.46 billion)

3. • Metals and slag (USD 1.40 billion)
• Machines and mechanical apparatuses (USD 1.16 billion)
• Mineral powers and oils (USD 572.51 million)
• Eatable foods grown from the ground (USD 523.41 million)
Different items on the Import Commodity Information rundown of the Philippines
are optical and accuracy apparatuses, plastic items, and natural synthetics.
End
In the current situation, China is all the more impressive and exchanges more to
and from the world when contrasted with the Philippines. Albeit the exchange
between the two countries is warmed, it is valuable for the Philippines to exchange
with China as over the long haul, it would be exceptionally helpful for the
Philippines, and it can open new and greater open doors for the country.
Additionally, the two countries have perceived that the respective exchange
relations between them have represented various advantages to worldwide
exchange and the economy also. The collaboration among China and the Philippines
is likewise areas of strength for becoming of each and every effective exchange and
exchange.
POINT TO BE NOTED
If you want further analysis and the best advice about the Philippines Trade Data
or Import Export Data of any country, then get in touch with TradeImeX® Info
Solution Pvt Ltd. We are one of the best companies available online that provide
100% accurate and reliable trade data from more than 70 countries including
Vietnam, Turkey, the USA, etc. at affordable prices. We deal in providing customized
databases to our clients which are highly curated as per each client’s needs and
wants.
FOR MORE INFORMATION:
WEBSITE: Import Export Data
EMAIL: info@tradeimex.in