Philippines Customs Data is known as Philippines Customs Import and Export Data with company, Philippines Customs Data with the company, or Philippines Customs Import and Export Data. Customs is responsible for the healthy flow of goods carried out with countries including the import/export of transports, animals, hazardous goods, etc.
Philippines Import Data
Philippines Import Data covers the transaction level of the information of Filipino importers and rated to their trading partners which you require to know for your business. This import data is considered as the world’s largest database and ensures to provide the Philippines trade data and other details of the consignments that Philippines import data from the other countries from all around the world with all the major modes of transport. It doesn’t matter if you want to know who your real competitors are in the Philippines or who are looking for suppliers overseas, you will get the perfect answer to all your trade-related questions that are crucial to know. Philippines Import data covers every business activity. As per the statistics of Philippine shipments data, mainly it includes the major import commodities which include electronics, machinery, mineral fuels and oils, steel, iron, vehicles, and others. The important partner of the import data majorly includes China, Japan, South Korea as the largest import partners.
Mainly the import data of the Philippines includes the information related to Filipino business activities with other Asian nations and other global countries as well. This trade data ensures to cover the wide range of the fields that also includes the date, importer name, supplier name, origin country, and description of the product, HS Code, the quantity of the import, weight, value, port, transport mode, and many more.
As per the official Republic of the Philippines, the Philippines is a country which is in Southeast Asia and is situated in the western pacific ocean. According to the records of Philippines import data, mainly it shows the imported goods with the worth of USD 90.7 billion in the year 2020 and taking a fall from 2019’s which was around USD 112.9 billion.
In 2020, the trade data if the Philippines was considered as the 34th largest importer country in the world. As we know, the population of the Philippines is around 108.9 million people and that value of total imports roughly translates to around USD 1,050 in yearly product demand from the individual in the Southeast Asian nation.
If we talk about the Philippines Export Data then it is a custom type data that unfolds the transaction-level data of every specific company in the Philippines. Mostly, from the most complete datasets, you will get enough information or details of the shipment records related to goods or packed containers that depart from other countries via all modes of transport. One of the major advantages of the Philippines trade statistics is that it helps to get quick and exact answers for every trade-related question which includes the questions like who is exporting from the Philippines or who are overseas buyers of the goods of Filipino. The questions also include which are the Philippines ‘ top exports and many more.
Features of Philippines trade data:
- Updates must relate to the latest information on trade and trends to identify the new opportunities in the era of competition that requires the solution of import and export data.
- Mainly the organizations use the shipment data to explore new opportunities in the international market. It is crucial to use the trade to search for new reliable and active leads for the overseas suppliers and trends of the market.
- Philippines trade data provide the latest update and mostly the accurate import and excel data information of the Philippines. Mainly the trade data is collected against the shipping bill and bill of entry numbers as well. The shipping bills or bill of entry numbers are filled with the customs department.
- Philippine trade data ensure to cover all modes of shipment like the sea, air and ICDs as well
- It also includes the most important information such as the name of the importer, name of the supplier, product name, price of the product, and quantity with HS codes.
Basic functionality of Customs data:
Every country has its customs authorities who charge custom duties i.e tariffs and other taxes on import and export. The development in customer service and laws can be seen throughout recent decades, although each country has its laws and regulations for the importation and exportation of goods into and out of a country. A penalty can be induced to one who breaks a rule or imports/export any forbidden good. The three main functionality of customs include Security, Taxation, and Trade facilitation.
The World Customs Organization Framework of Standards to Secure and Facilitate Global Trade (SAFE) has guidelines for custom security including five editions.
The tax or tariff is applied to the goods, at the time of exportation and importation. The custom areas are authorized ports in the country.
Trade facilitation involves various formalities including documentation, procedures, and different operational transactions for related International trades.
Philippines’ Top Import Partners
The import data of the Philippines reveals the list of Philippines that include top import partners including, china with USD 20.9 billion, second of Japan with around USD 8.7 billion, the United States with 7.1 billion, South Korea with USD 7.0 billion, and others.
As per the record of Philippines trade data, the top import sources of the Philippines accounted for about 79.6 percent of the overall value of the recorded shipments in the year 2020. If we talk continent-wise then two-thirds with 63.8 percent of the tools imported by value in the year 2020 were imported from fellow Asian countries. As per the basis of the Philippines ‘ date of shipment that includes the European country’s supplies with 7.1 percent of imports to the Philippines and 6.9 percent worth of goods that mainly originated from North America.