Warning: session_start() [function.session-start]: open(/var/lib/php5/sess_e32b3288e5c349320aadb3792e1a3649, O_RDWR) failed: No space left on device (28) in /home/philippines/include.php on line 34

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/philippines/include.php:34) in /home/philippines/include.php on line 34

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/philippines/include.php:34) in /home/philippines/include.php on line 34

Warning: Cannot modify header information - headers already sent by (output started at /home/philippines/include.php:34) in /home/philippines/index.php on line 371
Embassy of the Philippines - PH-US Bilateral Relations
Embassy of the Philippines > Embassy of the Philippines DC >> Embassy >> PH-US Bilateral Relations

PH-US Bilateral Relations

Overview of Philippines – United States of America Bilateral Relations

I. Establishment of Diplomatic Relations

The Philippines and the United States have an enduring alliance that is based on deep historical and cultural ties. The Philippines gained its independence from the United States on July 4, 1946, and diplomatic relations were formally established the same day.

II. Highlights of the Philippines-United States Bilateral Relations

TRADE (in USD billion)

YEAR

TOTAL

EXPORTS

IMPORTS

BALANCE

2012

14.54

7.42

7.12

0.29

2013

14.51

7.82

6.69

1.13

2014

14.40

8.66

5.74

2.92

2015

16.49

9.02

7.47

1.55

2016

15.82

8.66

7.16

1.5

2017 (Jan-July)

9.35

5.38

3.97

1.41

 

The US is PHL's biggest trading partner in 2016 (out of 226 trading partners), the 2nd biggest market for PHL's exports (out of 213 export markets and almost 16% of total PHL exports), and 3rd largest investor into the PHL. Over the past five years, US foreign investment in the PHL amounted to PHP165.93 billion.

For 2015, a major portion of the export revenue came from Electronic Products valued at USD2.84 billion, followed by Transports with total receipts of USD1.02 billion or 32.25% and 11.69%, respectively, of the total exports to US. The bulk of merchandise imports from US comprised of Electronic Products worth USD3.64 billion or 50.45% of the total imports. Fresh food was the second highest imported foods from the US, with USD687.94 million, or a share of 9.53% of the total imports from the US.

Top 5 Exports

Value (USD million)

Top 5 Imports

Value (USD million)

Electronics

2,847.32

Electronics

3,640.18

Transport

1,028.99

Fresh food

687.94

Garment/ Textile

979.26

Pet food/ animal feeds

561.51

Electricals

847.81

Processed food

433.33

Oils/fats/waxes

556.37

Chemicals

369.26

 

IPA-APPROVED INVESTMENTS

YEAR

in PHP billion

in USD billion

2011

79.85

1.84

2012

40.00

0.95

2013

55.34

1.30

2014

17.42

0.42

2015

21.74

0.47

2016

31.43

0.63

2017 (Q1)

2.43

0.05

 

Investment opportunities include IT-BPO (animation and game development); food and design driven processed products; manufacturing (electronics, food/agribusiness, aerospace, and consumer products), and infrastructure.

OFFICIAL DEVELOPMENT ASSISTANCE

FILIPINOS IN THE UNITED STATES

TOURIST ARRIVALS FROM THE US

YEAR

VISITOR ARRIVAL

2011

624,527

2012

652,626

2013

674,564

2014

722,750

2015

779,217

2016

869,463

2017 (Jan-May)

83,056

 

In 2016, the US supplied the 2nd biggest inbound arrival with 869,463 visitors constituting 14.57% of the total and recording an 11.6% increase vis-à-vis its arrivals of 779,217 in 2015.

US HUMANITARIAN ASSISTANCE

 


Warning: Unknown: open(/var/lib/php5/sess_e32b3288e5c349320aadb3792e1a3649, O_RDWR) failed: No space left on device (28) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/var/lib/php5) in Unknown on line 0