The Philippine economy is the 36th largest in the world accoring to 2016 International Monetary fund statistics. The Philippines is one of the emerging markets. It is considered as a newly industrialized country, which has an economy trasitioning from one based on agriculture to one based more on services and manufacturing. Primary exports of the Philippines are transport equipment, copper, electronic products, coconut oil semiconductors, fruits, and petroleum products. Japan, China, US, Singapore are the major trading partners of the Philippines.
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