Which is larger in the Philippines—exports or imports?
Answer (1)
Imports are usually larger. The Philippines imports many goods like fuel, electronics, cars, and machinery. We also import rice and processed food. Because of this, our net exports are often negative, meaning that we buy more from other countries than we sell. For instance, we import a lot of oil from the Middle East and cars from Japan, while exporting bananas and electronics. This trade imbalance lowers our GDP slightly.
