Exports: $13.4 billion (f.o.b., 1994)
commodities: electronics, textiles, coconut products, copper, fish
partners: US 39%, Japan 16%, Germany 5%, Hong Kong 5%, UK 4% (1993)
Imports: $21.3 billion (f.o.b., 1994)
commodities: raw materials 40%, capital goods 25%, petroleum products
10%
partners: Japan 23%, US 20%, Taiwan 6%, Singapore 5%, South Korea 5%
(1993)
External debt: $40 billion (1994 est.)
Industrial production: growth rate 1.4% (1993); accounts for 28% of
GDP
Electricity: capacity: 6,770,000 kW production: 20.4 billion kWh consumption per capita: 278 kWh (1993)
Industries: textiles, pharmaceuticals, chemicals, wood products, food processing, electronics assembly, petroleum refining, fishing
Agriculture: accounts for 22% of GDP and about 45% of labor force; major crops - rice, coconuts, corn, sugarcane, bananas, pineapples, mangos; animal products - pork, eggs, beef; net exporter of farm products; fish catch of 2 million metric tons annually
Illicit drugs: illicit producer of cannabis for the international drug
trade; growers are producing more and better quality cannabis despite
government eradication efforts; transit point for Southwest Asian
heroin bound for the US
Economic aid:
recipient: US commitments, including Ex-Im (FY70-89), $3.6 billion;
Western (non-US) countries, ODA and OOF bilateral commitments
(1970-88), $7.9 billion; OPEC bilateral aid (1979-89), $5 million;
Communist countries (1975-89), $123 million
Currency: 1 Philippine peso (P) = 100 centavos