Philippines

Bilateral relations between Philippines and India, including trade, have strengthened in the backdrop of India's Act East policy.

US$650mn is value of estimated Indian investments in Philippines.

India is among the top 10 sources of foreign tourists in Philippines.

US$ 2.1bn worth total Indian exports entered Philippines in 2021-2022.

Philippines is a beneficiary of ITEC and Colombo Plan programmes.

US$ 2,836.35mn
Bilateral trade in 2021 - 2022

US$ 335.73mn

FDI inflow in India from April 2000 to March 2021

130,000
PIOs/NRIs currently live in the Philippines

Business

The Philippines has made starting a business easier by abolishing the minimum capital requirement for domestic firms, as per the World Bank

Investment

The Philippines has strengthened minority investor protections by ushering in greater transparency in transactions, as per the World Bank

ASEAN

India and the Philippines have recorded sustained growth in two-way trade and investment owing to drivers such as the India-ASEAN Agreements.

Sectors

The Philippines offers lucrative opportunities in Agricultural trade, Pharmaceuticals, Infrastructure, Renewables, Manufacturing, and Tourism.

Economy

The Philippine's economy is expected to grow by 6 per cent in 2019 and by 6.2 per cent in 2020, as per the Asian Development Bank

India-Philippines Bilateral Relations

With the Act East Policy initiated in 2014, the relationship with Philippines has diversified further into political-security; trade and industry and people-to-people realms.

Statement by President during his visit to Philippines

The visit marked 70 years of the establishment of diplomatic relations between the two countries.

President of India Addresses India-Philippines Business Conclave

The President of India, Shri Ram Nath Kovind, addressed the India-Philippines Business Conclave and the 4th ASEAN-India Business Summit in Manila, Philippines on October 19, 2019.

India's Exports and Imports to Philippines

Source: Department of Commerce

Dated: 07/02/2023
Values in US $ Millions

Country / Region: PHILIPPINES

S.No.	\Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1.	EXPORT	1,692.83	1,743.64	1,526.03	1,457.30	2,107.24
2.	%Growth		3.00	-12.48	-4.50	44.60
3.	India’s Total Export	303,526.16	330,078.09	313,361.04	291,808.48	422,004.40
4.	%Growth		8.75	-5.06	-6.88	44.62
5.	%Share	0.56	0.53	0.49	0.50	0.50
6.	IMPORT	764.36	581.10	523.83	572.47	729.12
7.	%Growth		-23.98	-9.86	9.28	27.36
8.	India’s Total Import	465,580.99	514,078.42	474,709.28	394,435.88	613,052.05
9.	%Growth		10.42	-7.66	-16.91	55.43
10.	%Share	0.16	0.11	0.11	0.15	0.12
11.	TOTAL TRADE	2,457.20	2,324.74	2,049.87	2,029.77	2,836.35
12.	%Growth		-5.39	-11.82	-0.98	39.74
13.	India’s Total Trade	769,107.15	844,156.51	788,070.32	686,244.36	1,035,056.45
14.	%Growth		9.76	-6.64	-12.92	50.83
15.	%Share	0.32	0.28	0.26	0.30	0.27
16.	TRADE BALANCE	928.47	1,162.53	1,002.20	884.82	1,378.12
17.	India’s Trade Balance	-162,054.83	-184,000.33	-161,348.24	-102,627.40	-191,047.65

Department of Trade & Industry

+632 77913101, 77510384

Visit Website

Trade & Industry Building 361 Senator Gil J. Puyat Avenue, Makati City Metro Manila, Philippines 1200

Philippine International Trading Corporation

+632 818 9801

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National Development Company Building 116 Tordesillas Street, Salcedo Village, 1227 Makati City

Philippines Chamber of Commerce

+632 846 8196

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PCCI Secretariat Office 3F Commerce and Industry Plaza 1030 Campus Ave. cor. Park Ave. McKinley Town Center, Fort Bonifacio Taguig City, Philippines 1634

Philippine Exporters Confederation, Inc. (PHILEXPORT)

+632-82305555

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Philippine Exporters Confederation, Inc. (PHILEXPORT) ITC Complex, Roxas Blvd. cor Sen. Gil Puyat Ave., Pasay City 1300

FICCI

+91-11-23738760/70

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Federation House, Tansen Marg, New Delhi, 110001

Embassy of India, Manila, Philippines

+63-2-88430101/02, 88434048

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Embassy of India, 2190, Paraiso Street, Dasmarinas Village, Makati City, Metro Manila, Philippines

Commercial Representative

+63-2-88173665

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Mr M.S.Patiyal

First Secretary(Commerce)

Opportunities

Agricultural exports

Ethyl alcohol & oth. spirits, denatured, of any strength (220720)
Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Spirits obt. by distilling grape wine/grape marc (220820)

agriexchange.apeda.gov.in

Cuts & edible offal of species Gallus domesticus, frozen (020714)
Edible offal of swine (excl. liver), frozen (020649)
Meat of bovine animals, frozen, boneless (020230)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)
Pig fat (020910)

agriexchange.apeda.gov.in

Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)

agriexchange.apeda.gov.in

Maize (corn), other than seed (100590)
Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
Malt, not roasted (110710)
Other wheat and meslin (100199)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Wheat/meslin flour (110100)

agriexchange.apeda.gov.in

CHMCLY PURE GLUCOS AND ITS SYRP WITHOUT OR WITH < 20% BY WGT OF FRACTOS IN DRY STATE (170230)
Undenatured ethyl alcohol of an alcoholic strength by volume of 80% vol. (220710)

agriexchange.apeda.gov.in

Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
Cocoa powder, not cont. added sugar/oth. sweetening matter (180500)

agriexchange.apeda.gov.in

Buttermilk/curdled milk & cream/kephir & oth. fermented/acidified milk & cr … (040390)
Fats & oils derived from milk, other than butter & dairy spreads (040590)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)

agriexchange.apeda.gov.in

Uncooked pasta, not stuffed/othw. prepd., cont. eggs (190211)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)
Other fructose and fructose syrup, containing in the dry state more than 50% by weight of fructose, excluding inv (170260)
Preparations for infant use, put up for RS (190110)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
Whey & modified whey, whether or not concentrated/sweetened (040410)

agriexchange.apeda.gov.in

Apples, fresh (080810)
Grapes, fresh (080610)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)

agriexchange.apeda.gov.in

Fish fillet; frozen, catfish (Pangasius spp, Silurus spp., Clarias spp., Ictalurus spp.) (030462)
Fish; frozen, mackerel, excluding fillet, livers, roes, and other fish meat of heading 0304 (030354)
Fish; frozen, skipjack or stripe-bellied bonito, excluding fillets, livbers, roes, and other fish meat of heading 0304 (030343)
Fish; frozen, yellowfin tunas (Thunnus albacares), excluding fillet, livers, roes, and other fish meat of heading 0304 (030342)
Mulluscs; cuttle fish and squid, whether in shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030749)

fishexchange.mpeda.gov.in

Minerals

Production: 20,849 tons

mgb.gov.ph bgs.ac.uk

Production: Bituminous – 1,1932,328 tons

mgb.gov.ph bgs.ac.uk

Production: Copper Ore-4 billion tons
Export: Copper Ore-US$ 646 million

mgb.gov.ph

Production: 755,013 tons

mgb.gov.ph bgs.ac.uk

Production: 46,600 tons

mgb.gov.ph

Production: 22,699 kgs
Export: US$ 1.96 billion

mgb.gov.ph oec.world

Production: Ore-341,673 tons

mgb.gov.ph World Mining Data

Production: 125,813 tons

mgb.gov.ph data.un.org

Production: 31,748 kgs

mgb.gov.ph bgs.ac.uk

Production: 1,378,000 tons

mgb.gov.ph bgs.ac.uk

Production: 1,056,400 tons

mgb.gov.ph wmc.org.pl

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Automobile

Automobile Components

Aviation

Chemicals

Electrical Machinery

Electronic Systems

IT and BPM

Pharmaceuticals

Top Import/ Export Items

India's top import from Philippines

Electrical and electronic machinery and equipment; boilers & mechanical appliances etc
Vehicles
Animal & Vegetable fats
Paper products
Organic chemicals
Fertilizers
Inorganic chemicals
Optical photographic instruments
Rubber and articles thereof
Iron and steel

India's top export to Philippines

Vehicles and parts and accessories iron, steel and cotton
Pharmaceutical products
Mineral Oils
Frozen buffalo meat
Boilers & Mechanical appliances
Cereals. rubber & rubber products
Oil seeds and oleo
Electrical & electronic machinery and equipment
Organic chemicals
Iron, steel and cotton

Bilateral Investors

Aditya Birla Group in textiles & Chemicals (Indo Phil Group) is one of the major investors in the Philippines

Ispat Group in Steel is another major investor in Philippines

GMR group Ltd collaborated with Megawide to run the Cebu-Mactan airport project

WIPRO, TCS, L&T Infotech, Innodata, IL&FS Genpact, Infosys, HIGS (Hindujas), Tech Mahindra have all set up BPO operations in Philippines

Dabur Pharma, Lupin, Torrent, Zydus Cadilla, Claris Life sciences have set up liaison office to promote their products

V.Merida (processing of waste)investments in India are modest

Ayala (Construction & ITES); Philippine investments are in real estate and ITes in India

SPI Technologies (ITES); Del Monte &Liwayway (Food processing), Lloyd Lab (Pharma) etc. are modest investments in India

Kalpataru and Kamani Engineering Corporation are presently engaged in executing transmission line projects in Philippines