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The Philippines & Hong Kong

Trade Relations with the Philippines

• The Philippines is a significant trading partner of Hong Kong. Bilateral trade between Hong Kong and the Philippines increased 14% from HK$61.3 billion in 2006 to HK$69.7 billion in 2007. In 2007, the Philippines was Hong Kong's 12th largest trading partner; 12th largest market for domestic exports and 17th largest market for re-exports; and 10th largest source of imports.
   
• Hong Kong is also an important entrepot for trade between the Mainland of China and the Philippines. Re-export of goods of Mainland origin through Hong Kong to the Philippines increased by 9% from HK$15.4 billion in 2006 to HK$16.7 billion in 2007.
   
• Hong Kong's domestic export of goods to the Philippines totalled about HK$1.4 billion in 2007. The top three domestic export categories to the Philippines in 2007 were:
   
• Tobacco and tobacco manufactures
   
• Electrical machinery, apparatus and appliances and electrical parts thereof
   
• Jewellery, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials
   
• Hong Kong's re-export of goods to the Philippines totalled about HK$20.5 billion in 2007. The top three re-export categories to the Philippines in 2007 were:
   
• Office machines and automatic data processing machines
   
• Electrical machinery, apparatus and appliances and electrical parts thereof
   
• Telecommunications and sound recording and reproducing apparatus and equipment
   
• Hong Kong's import of goods from the Philippines totalled about HK$47.8 billion in 2007. The top three import categories from the Philippines in 2007 were:
   
• Electrical machinery, apparatus and appliances and electrical parts thereof
   
• Office machines and automatic data processing machines
   
• Telecommunications and sound recording and reproducing apparatus and equipment
   
 
  Hong Kong's Trade with The Philippines
(in HK$ million)
2006 % Change over 2005 2007 % Change over 2006
Domestic Exports 1,441 -19 1,413 -2
Re-exports 19,057 +3 20,519 +8
Total Exports 20,498 +1 21,933 +7
Imports 40,847 +7 47,788 +17
Total Trade 61,345 +5 69,720 +14

Bilateral Investment

• As at end 2006, the Philippines ranked outside the first 20 major sources of inward direct investment into Hong Kong.
   
• As at end 2006, the Philippines was the 20th major destination of outward direct investment from Hong Kong.

 
   
Important Notice Last revision date: October 2008