–ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

ASEAN IN BRIEF1

GENERAL INFORMATION

COUNTRY CAPITAL POPULATION GOVERNMENT HEAD OF STATE HEAD OF MEMBER ( 2020 est.) GOVERNMENT

Sultan and Prime and Prime Bandar Seri 464,478 Monarchy of Sultanate Minister Sir Minister Sir DARUSSALAM Begawan Hassanal Hassanal Bolkiah

Parliamentary King Norodom Prime Minister CAMBODIA Phnom Penh 16,926,984 Constitutional Sihamoni Monarchy

Prresident Joko President Joko Jakarta 267,026,366 Presidential Republic Widodo Widodo

President Prime Minister LAO PDR Vientiane 7,447,396 Communist State Bounnyang Thongloun Vorachit Sisoulit

Federal Parliamentary King Sultan Prime Minister 32,652,083 Constitutional Abdullah Sultan Tan Sri Muhyiddin Monarchy Ahmad Shah Yassin

Parliamentary President Win President Win MYANMAR Nay Pyi Taw 56,590,071 Republic Myint Myint

Parliamentary President Halimah Prime Minister Singapore 6,209,660 Republic Yacob

Constitutional King Prime Minister Bangkok 68,977,400 Monarchy Wachiralongkon Prayut Chan-ocha

Prime Minister President Nguyen VIET NAM Hanoi 98,721,275 Communist State Nguyen Xuan Phu Trong Phuc

1 CIA, The World Factbook Prepared by the Market Innovation Division 1 DTI - EXPORT MARKETING BUREAU

PHILIPPINES –ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

ECONOMIC INDICATORS2

3 COUNTRY GDP GDP PER CAPITA GDP GROWTH INFLATION RATE UNEMPLOYMENT CURRENCY EXCHANGE RATE MEMBER RATE RATE

BRUNEI US$33.87B US$78,900 1.3% (0.2%) 6.9% Bruneian Dollar 1US$=1.37 BND DARUSSALAM (BND)

CAMBODIA US$64.21B US$4,000 6.9% 2.9% 0.3% Cambodian Riel 1US$=4,101 KHR (KHR)

INDONESIA US$3.25T US$12,400 5.1% 3.8% 5.4% Indonesian 1US$=14,566.76 IDR Rupiah (IDR)

LAO PDR US$49.34B US$7,400 6.9% 0.8% 0.7% Laotian Kip (LAK) 1US$=9,063.40 LAK

MALAYSIA US$933.3B US$29,100 5.9% 3.8% 3.4% Malaysian Ringgit 1US$=4.20 MYR (MYR)

MYANMAR US$329.8B US$6,300 6.8% 4.0% 4.0% Myanmar Kyat 1US$=1,362.71 MMK (MMK)

SINGAPORE US$528.1B US$94,100 3.6% 0.6% 2.2% Singapore Dollar 1US$=1.37 SGD (SGD)

THAILAND US$1.236T US$17,900 3.9% 0.7% 0.7% Thai Baht (THB) 1US$=31.01 THB

VIET NAM US$648.7B US$6,900 6.8% 3.5% 2.2% Vietnamese Dong 1US$ = 23,184.74 VND (VND)

2 CIA The World Factbook, 2017 estimates 3 XE Currency Converter (as of Aug. 5, 2020)

Prepared by the Market Innovation Division 2 DTI - EXPORT MARKETING BUREAU

PHILIPPINES –ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

PHILIPPINES-ASEAN TRADE RELATIONS

PH-ASEAN BILATERAL MERCHANDISE TRADE FOB in US$ Million

TOTAL EXPORTS TO IMPORTS FROM BALANCE OF YEAR TRADE ASEAN ASEAN TRADE 2015 26,705.12 8,750.86 17,954.26 (9,203.40) 2016 30,708.74 8,646.76 22,061.98 (13,415.22) 2017 35,400.95 10,127.78 25,273.17 (15,145.39) 2018 39,636.74 11,181.06 28,455.68 (17,274.62) 2019 40,015.88 10,815.67 29,200.21 (18,384.54) % CAGR 10.64 5.44 12.93

PH-ASEAN Total Merchandise PH-ASEAN Balance of Trade Trade 0 45,000.00 -2,000 2015 2016 2017 2018 2019 40,000.00 -4,000 35,000.00 -6,000 30,000.00 -8,000 25,000.00 20,000.00 -10,000 15,000.00 -12,000 10,000.00 -14,000 Balance of Trade 5,000.00 -16,000 0.00 -18,000 2015 2016 2017 2018 2019 -20,000 Export Import Year

Prepared by the Market Innovation Division 3 DTI - EXPORT MARKETING BUREAU

PHILIPPINES –ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

2019 PHILIPPINE EXPORTS TO INDIVIDUAL ASEAN MEMBERS

VALUE IN US$ % SHARE TO % SHARE RANK COUNTRY MILLION PH TO ASEAN TOTAL PH EXPORTS 70,926.98 TOTAL EXPORTS TO ASEAN 10,815.68 15.25 35.43 1 Singapore 3,831.79 5.40 27.48 2 Thailand 2,972.48 4.19 16.88 3 Malaysia 1,825.27 2.57 11.74 4 Vietnam 1,269.64 1.79 7.66 5 Indonesia 829.02 1.17 0.51 6 Myanmar 54.97 0.08 0.24 7 Cambodia 26.16 0.04 0.05 8 Brunei Darussalam 5.26 0.01 0.01 9 Lao PDR 1.09 0.00 35.43

2019 PHILIPPINE IMPORTS FROM INDIVIDUAL ASEAN MEMBERS

VALUE IN US$ % SHARE TO % SHARE RANK COUNTRY MILLION PH TO ASEAN TOTAL PH IMPORTS 111,593.08 TOTAL IMPORTS FROM ASEAN 29,200.21 26.17 1 Thailand 6,975.79 6.25 23.89 2 Indonesia 6,890.32 6.17 23.60 3 Singapore 6,658.39 5.97 22.80 4 Malaysia 4,692.91 4.21 16.07 5 Viet Nam 3,642.31 3.26 12.47 6 Myanmar 143.13 0.08 0.49 7 Brunei Darussalam 114.42 0.01 0.39 8 Cambodia 76.87 0.04 0.26 9 Lao PDR 6.08 0.00 0.02

Prepared by the Market Innovation Division 4 DTI - EXPORT MARKETING BUREAU

PHILIPPINES –ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS TOP PHILIPPINE EXPORTS TO ASEAN4 FOB in US$ Million

HS 2018 EXPORTS 2019 EXPORTS % RANK PRODUCT DESCRIPTION DIFFERENCE CODE VALUE % SHARE VALUE % SHARE CHANGE TOTAL 11,181.06 100.00 10,815.67 100.00 (365.39) (3.27) TOP 10 PH EXPORTS 6,512.62 58.25 6,527.47 60.35 14.86 0.23 1 854221 Digital monolithic integrated circuits 2,436.66 21.79 2,455.14 22.70 18.48 0.76 2 980318 Semiconductor devices manufactured from materials on consignment basis 1,891.78 16.92 1,624.81 15.02 (266.97) (14.11) 3 847330 Parts and accessories of the machines 706.11 6.32 852.59 7.88 146.48 20.74 4 740311 Cathodes and sections of cathodes, of refined copper 425.55 3.81 464.19 4.29 38.64 9.08 5 980324 Electrical and electronic machinery, equipment and parts manufactured from materials on consignment basis 308.08 2.76 281.27 2.60 (26.81) (8.70) 6 240220 Cigarettes containing tobacco 171.46 1.53 183.82 1.70 12.36 7.21 7 870840 Gear boxes 191.72 1.71 180.56 1.67 (11.17) (5.82) 8 854430 Ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships 176.57 1.58 164.63 1.52 (11.94) (6.76) 9 853400 Printed circuits 44.02 0.39 162.98 1.51 118.97 270.28 10 854229 Other digital monolithic integrated circuits, n.e.s. 160.68 1.44 157.49 1.46 (3.20) (1.99) 44 854129 Transistors, other than photosensitive transistors, with a dissipation rate of 1W or more 144.57 1.29 27.55 0.25 (117.02) (80.94)

4 Philippine Statistics Authority (PSA) as processed by DTI-EMB; Data as of 11 June 2020

Prepared by the Market Innovation Division 5 DTI - EXPORT MARKETING BUREAU

PHILIPPINES –ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

TOP PHILIPPINE FOOD EXPORTS TO ASEAN FOB in US$ Million

HS 2018 EXPORTS 2019 EXPORTS % RANK PRODUCT DESCRIPTION DIFFERENCE CODE VALUE % SHARE VALUE % SHARE CHANGE TOTAL ASEAN FOOD EXPORTS 285.64 100.00 329.93 100.00 44.28 15.50 TOP 10 FOOD EXPORTS 152.22 53.29 215.32 65.26 63.10 41.45 1 190110 Food preparations for infant use, put up for retail sale 35.97 12.59 52.07 15.78 16.10 44.76 2 080300 Bananas, including plantains, fresh or dried 12.87 4.51 35.94 10.89 23.07 179.19 3 210690 Other preparations not elsewhere specified or included 24.22 8.48 22.45 6.81 (1.77) (7.30) 4 040229 Milk and cream, in powder, granules or other solid forms, of a fat content, by weight, exceeding 1.5%, concentrated, other than 040221 17.57 6.15 20.70 6.27 3.13 17.80 5 170410 Chewing gum, whether or not sugar-coated 17.20 6.02 19.10 5.79 1.90 11.04 6 110100 Wheat or meslin flour 8.13 2.85 17.09 5.18 8.96 110.21 7 210390 Other sauces and preparations thereof; mixed condiments and mixed seasonings; mustard flour and meal and prepared mustard 15.27 5.35 13.64 4.13 (1.63) (10.70) 8 190410 Prepared foods obtained by the swelling or roasting of cereals or cereal products 11.26 3.94 13.26 4.02 2.00 17.72 9 030342 Yellowfin tunas (Thunnus albacares), (excluding livers and roes), frozen 7.08 2.48 11.31 3.43 4.23 59.76 10 200980 Juice of any other single fruit or vegetable, unfermented and not containing added spirit, whether or not containing added sugar or other sweetening matter 2.64 0.92 9.75 2.96 7.11 269.56

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PHILIPPINES –ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

TOP PHILIPPINE IMPORTS FROM ASEAN5 FOB in US$ Million

HS 2018 IMPORTS 2019 IMPORTS % RANK PRODUCT DESCRIPTION DIFFERENCE CODE VALUE % SHARE VALUE % SHARE CHANGE TOTAL 28,455.68 100.00 29,200.21 100.00 744.53 2.62 TOP 10 IMPORTS 8,277.42 29.09 9,092.18 31.14 814.75 9.84 1 870421 Motor vehicles, g.v.w. not exceeding 5 tonnes, with compression-ignition internal combustion piston engine (diesel or semi-diesel) 1,041.45 3.66 1,303.66 4.46 262.22 25.18 2 270119 Other coal, whether or not pulverised, but not agglomerated 1,210.75 4.25 1,252.63 4.29 41.88 3.46 3 100630 Semi-milled or wholly milled rice, whether or not polished or glazed 702.46 2.47 986.67 3.38 284.20 40.46 4 871120 Motorcycles with reciprocating internal combustion piston engine of a cylinder capacity exceeding 50 cc but not exceeding 250 cc 728.96 2.56 934.52 3.20 205.56 28.20 5 271019 Petroleum oils and oils obtained from bituminous minerals, other than light, n.e.s 928.37 3.26 905.67 3.10 (22.70) (2.45) 6 854221 Digital monolithic integrated circuits 708.48 2.49 819.99 2.81 111.52 15.74 7 870332 Vehicles, of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc, with compression-ignition internal combustion piston engine (diesel or semi-diesel) 1,188.12 4.18 817.29 2.80 (370.83) (31.21) 8 870322 Vehicles, of a cylinder capacity exceeding 1,000cc but not exceeding 1,500cc, with spark- ignition internal combustion 695.35 2.44 706.27 2.42 10.92 1.57 9 271011 Light petroleum oils and preparations thereof 415.58 1.46 703.58 2.41 288.00 69.30 10 980229 Other materials, accessories and supplies imported on consignment basis for the manufacture of semiconductor devices 657.90 2.31 661.90 2.27 4.00 0.61

5 Philippine Statistics Authority (PSA) as processed by DTI-EMB; Data as of 28 February 2020

Prepared by the Market Innovation Division 7 DTI - EXPORT MARKETING BUREAU

PHILIPPINES –ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

TOP PHILIPPINE FOOD IMPORTS FROM ASEAN6 FOB in US$ Million

HS 2018 IMPORTS 2019 IMPORTS % RANK PRODUCT DESCRIPTION DIFFERENCE CODE VALUE % SHARE VALUE % SHARE CHANGE TOTAL ASEAN FOOD IMPORTS 3,536.91 100.00 3,877.56 100.00 340.65 9.63 TOP 10 FOOD IMPORTS 2,231.46 63.09 2,697.90 69.58 466.44 20.90 1 100630 Semi-milled or wholly milled rice, whether or not polished or glazed 702.46 19.86 986.67 25.45 284.20 40.46 2 210112 Extracts, preparations with a basis of these extracts, essences or concentrates or with a basis of coffee 453.77 12.83 476.97 12.30 23.20 5.11 3 210690 Other preparations not elsewhere specified or included 359.95 10.18 392.40 10.12 32.44 9.01 4 330210 Mixtures of odoriferous substances and mixtures (including alcoholic solutions) with a basis of one or more of these substances, of a kind used in the food or drink industries 133.62 3.78 161.26 4.16 27.63 20.68 5 210111 Extracts, essences and concentrates, of coffee 75.34 2.13 151.27 3.90 75.93 100.79 6 220290 Other waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured, and other non-alcoholic beverages, not including fruit or vegetable juices of heading No. 20.09 112.32 3.18 121.95 3.15 9.63 8.57 7 170199 Other beet of cane sugar, in solid form, containing added flavouring or colouring matter 172.99 4.89 119.09 3.07 (53.90) (31.16) 8 330290 Mixtures of odoriferous substances and mixtures (including alcoholic solutions) with a basis of one or more of these substances, of a kind used in the other industries, n.e.s. 101.81 2.88 110.83 2.86 9.02 8.86 9 170310 Cane molasses 25.38 0.72 97.83 2.52 72.46 285.50 10 190110 Food preparations for infant use, put up for retail sale 93.81 2.65 79.63 2.05 (14.18) (15.12)

6 Philippine Statistics Authority (PSA) as processed by DTI-EMB; Data as of 28 February 2020

Prepared by the Market Innovation Division 8 DTI - EXPORT MARKETING BUREAU

PHILIPPINES – ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

ASEAN'S FOREIGN TRADE7

ASEAN-WORLD TOTAL TRADE VALUE IN BILLION US$

TOTAL EXPORTS TO IMPORTS FROM BALANCE OF YEAR TRADE THE WORLD THE WORLD TRADE 2015 2,247.65 1,158.96 1,088.69 70.27 2016 2,219.03 1,140.15 1,078.88 61.27 2017 2,567.43 1,309.45 1,257.98 51.47 2018 2,869.70 1,442.59 1,427.11 15.48 2019 2,863.31 1,447.27 1,416.04 31.23 CAGR (%) 6.24 5.71 6.79

ASEAN-WORLD Total Merchandise ASEAN-WORLD Balance of Trade Trade 80 3,500.00 70 3,000.00 60 2,500.00 50 2,000.00 40 1,500.00 30 1,000.00

Balance of Trade 20 500.00 10 0.00 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Export Import Year

ASEAN 2019 TOP EXPORTS TO THE WORLD VALUE IN BILLION US$

RANK PRODUCTS VALUE % SHARE TOTAL 1,477.27 100.00 1 Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits 84.32 5.71 2 Electronic integrated circuits (excluding such as processors, controllers, memories and amplifiers) 57.45 3.89 3 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s. 47.62 3.22 4 Telephones for cellular networks "mobile telephones" or for other wireless networks 46.56 3.15 5 Parts of telephone sets, telephones for cellular networks or for other wireless networks and of other apparatus for the transmission or reception of voice, images or other data, n.e.s. 25.72 1.74

7 http://trade.efta.int/#/country-graph/EFTA/WORLD Prepared by the Market Innovation Division 9 DTI - EXPORT MARKETING BUREAU

PHILIPPINES – ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) TRADE RELATIONS

ASEAN 2019 TOP IMPORTS FROM THE WORLD VALUE IN BILLION US$

RANK PRODUCTS VALUE % SHARE TOTAL 1,416.04 100.00 1 Petroleum oils and oils obtained from bituminous minerals, crude 64.04 4.52 2 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s. 61.69 4.36 3 Electronic integrated circuits (excluding such as processors, controllers, memories and amplifiers) 60.31 4.26 4 Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits 43.95 3.10 5 Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excluding containing biodiesel) 41.35 2.92

2019 TOP EXPORT MARKETS8 VALUE IN BILLION US$

RANK COUNTRIES VALUE % SHARE TOTAL 1,477.27 100.00 1 China 225.46 15.26 2 United States of America 192.85 13.05 3 111.98 7.58 4 Hong Kong, China 94.71 6.41 5 Republic of Korea 68.06 4.61

2019 TOP IMPORT SUPPLIERS VALUE IN BILLION US$

RANK COUNTRIES VALUE % SHARE TOTAL 1,416.04 100.00 1 China 333.32 23.54 2 Japan 113.10 7.99 3 United States of America 107.76 7.61 4 Republic of Korea 98.39 6.95 5 Taipei 77.58 5.48

8 ITC Trade Map Prepared by the Market Innovation Division 10 DTI - EXPORT MARKETING BUREAU