The Philippines has trade relations with 150 countries. The Philippine government actively develops foreign trade, promotes the diversification of export commodities and foreign trade markets, and the structure of import and export commodities has changed significantly. The export volume of non-traditional export commodities such as clothing, electronic products, handicrafts, furniture and fertilizers has exceeded the export volume of traditional commodities such as mineral products and raw materials.

Although the world economic and monetary institutions rank the per capita purchasing power parity of the Philippines as a very low level, and the central bank of the Philippines has never declared the total amount of gold reserves in the central bank's coffers, there are still a large number of US dollars of Philippine foreign exchange reserves (including gold) declared as the 23rd in the world, which is larger than those of European countries such as Australia, Canada and Germany.

Brief introduction of Philippines

The Philippines is located in Southeast Asia. Bashi channel is bordered by Taiwan Province Province of China in the north, Indonesia and Malaysia in the south, the Sulawesi Sea and Barabak Strait in the southwest, the South China Sea in the west and the Pacific Ocean in the east. * * * There are more than 7,000 large and small islands, including main islands such as Luzon Island, Mindanao Island and Sama Island1/,accounting for 96% of the country's total area.

The Philippines has the largest undeveloped natural gas reserves, gold mines, deuterium (ice hydrogen), palladium, nickel and even oil in the world. In addition, it is one of the largest nonmetallic minerals in the world, such as copper, platinum, coal, iron, chromite, manganese, limestone and marble. Due to the over-exploitation of minerals in many countries, the Philippines is the only country in the world with a large number of metal and non-metal mineral deposits.