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Philippines

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Philippines
Map of Philippines

Country Facts

Nominal GDP292.45 Billion USD
Population100.70 Million
Total Trade/GDP61.70%
CurrencyPhilippine Peso (PHP)
Merchandise Imports from Canada751.43 Million CAD
Canadian direct investment1,427 Million CAD
Main importsCapital Goods, Mineral Fuels, Chemicals, Manufactured Goods

EDC in Philippines

Canadian companies assisted113
International buyers insured155
Business volume242.09 Million CAD

Business Environment

This business environment in the Philippines has improved in recent years and the country continues to attract foreign investment. Despite the progress, poor infrastructure remains a serious impediment to economic growth. While restrictions on foreign equity ownership in certain sectors of the Filipino market and the complexity of public bureaucracy pose challenges, Canada continues to forge investment and trade ties with local partners.

Key Industries

  • Advanced Security
  • Aerospace
  • Agriculture
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste
  • Telecom

How we can support your business

Through its representation in Singapore, we provide regional support to Canadian companies planning on or currently doing business in the Philippines. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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