10 countries that import more than export

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6. Philippines

Trade deficit in US$ -53.8 Billion

Exports: 98.5B – Imports 152.3B

Top traded exports for the Philippines were coconut oil, mineral products and electronic products. Exports to the United States were worth $12.5 billion, contributing 15.8% in the country’s overall trade. The major export partner was United States, followed by Japan and China.

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