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Philippines - Luxembourg Economic Relations
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Trade

(in million US$ /figures may not add up due to rounding off)

 

Total

Exports

Imports

Balance

2011

5.4

4.4

1.0

3.4

2012

6.3

5.3

1.0

4.3

2013

10.1

7.5

2.6

4.9

2014

8.3

7.1

1.2

5.9

Jan-Sep

2015

5.6

4.9

0.7

4.2

 

  • PH exports to Luxembourg decreased by 6% from US$8 M in 2013 to US$7 M in 2014. This can be mainly attributed to the decrease in the value of imitation jewellery, of other non-precious metal by 10% which accounted for 90% of total PH exports to Luxembourg in 2014.
  • Philippine imports from Luxembourg decreased by 52%. The decrease was mainly due to the decline in the value of imitation of other non-precious metal, n.e.s. by 10% and the decline in the value of Imitation jewellery, of base metal, whether or not plated with precious metal by 31% from US$ 224,090 in 2013 to US$ 153,872 in 2014.

 

MAJOR PRODUCTS EXPORTED/IMPORTED

 

 

Exports

(2014)

Imports

(2014)

 

1. Imitation jewellery, of other non-precious metal, n.e.s.

2. Other wood marquetry and inlaid wood; caskets and cases for jewellery or cutlery, and similar articles, of wood

3. Articles of a kind normally carried in the pocket or in the handbag, with outer surface of other materials

4. Other articles of wood, n.e.s.

5. Articles of jewelry and parts thereof, of silver, whether or not plated or clad with other precious metal.

 

 

1. Imitation jewellery, of other non-precious metal, n.e.s.

2. Manicure or pedicure preparations

3. Imitation  jewellery, of base metal, whether or not plated with precious metal

4. Other printed matter, n.e.s.

5. Paper or paperboard labels that form part of packaging for jewelry or for small objects of personal adornment or for articles of personal use normally carried in the pocket, in the handbag or on the person

 

 

INVESTMENTS

(in million pesos)

2012:   -

2013:  2

2014: 30

 

Luxembourg's investments are in the field of rental and leasing activities; employment activities; travel agency, tour operator, reservation service and related activities; security and investigation activities; services to buildings and landscape activities; and office administrative, office support and other business support activities which include call centers and other business process outsourcing activities.