What is the main product of the Philippines?

The main agricultural products are sugarcane, coconuts, rice, corn, bananas, cassava (manioc), tapioca, pineapples, mangoes, pork, eggs, beef, and fish. The low level of productivity and slow growth in the Philippines’ agricultural sector has resulted in a high incidence of poverty within the sector.

What is the major product of the Philippines?

The Philippines’ major agricultural products include rice, coconuts, corn, sugarcane, bananas, pineapples, and mangoes.

What is the product of Philippines?

Economy of the Philippines

Statistics
Exports $86.6 billion (2019)
Export goods semiconductors and electronic products, machinery and transport equipment, wood manufactures, chemicals, processed food and beverages, garments, coconut oil, copper concentrates, seafood, bananas/fruits

What are the top 10 products in the Philippines?

Top 10

  • Electrical machinery, equipment: US$27 billion (23.9% of total imports)
  • Mineral fuels including oil: $13.6 billion (12%)
  • Machinery including computers: $12.5 billion (11.1%)
  • Vehicles: $8.5 billion (7.5%)
  • Iron, steel: $3.9 billion (3.5%)
  • Plastics, plastic articles: $3.7 billion (3.3%)
  • Cereals: $2.9 billion (2.6%)

Why are farmers in the Philippines poor?

The reasons are three-fold: the lack of accountability among farmer cooperative leaders; cooperatives and farmers’ associations are formed mainly to access government dole-outs; and the government agency (e.g., CDA), which has oversight responsibility on cooperatives, is oriented towards regulations of cooperatives …

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What is the main export of the Philippines?

Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca.

Is Philippines richer than India?

Philippines has a GDP per capita of $8,400 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.

Why Philippines is still a poor country?

The main causes of poverty in the country include the following: low to moderate economic growth for the past 40 years; low growth elasticity of poverty reduction; … recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters,and “environmental poverty.”

What is the most sold item in the world?

Below is a list of the 10 best-selling products of all time.

  • Lipitor.
  • Star Wars. …
  • Rubik’s Cube. …
  • Mario Bros. …
  • iPad.
  • Harry Potter. …
  • Michael Jackson’s ‘Thriller’ …
  • Toyota Corolla. Toyota Motor Corp (ADR) (NYSE: TM)’s Corolla is the best-selling car model in history, selling more than 40 million units since its introduction in 1966.

Why do Filipinos prefer foreign brands?

In general, Filipinos prefer imported products over the local ones. Yes, it is more expensive, but aside from the price they are convinced that when an item is produced overseas it is better than anything they can buy locally.

World Southeast Asia