An Overview of the Philippines
- The Philippines has a population of 1.05 million.
- Capital: Manila
- Official Language: Filipino / Tagalog
- Total Area: 300,000 km²
- Currency: Philippine Peso
Economic Statistics of the Philippines
- The Philippines has reached a GDP of $367.36 billion USD. Its largest industries are
- The breakdown of the Philippines’ GDP Composition includes
- Services (61.00%)
- Industry (30.17%)
- Agriculture (8.82%)
- The main importers of the Philippines’s goods are
- Japan (15.5%)
- United States (15.2%)
- Hong Kong (14.2%)
- Singapore (5.9%)
- While the main exporters to the Philippines are
- Korea (10.0%)
- Japan (9.91%)
- United States (7.21%)
- Thailand (5.9%)
The Printing Industry in the Philippines
- As the economy in the Philippines has grown, there is an increased need to buy printers, consumables such as inks and makeups and cleaning solutions.
- Traditional media publication like that of print media was slowly being challenged by digital media in the modern landscape of media market.
- The print industry has around 3,000 printing businesses in the Philippines, 20 of which are part of the country’s Top 1,000 corporations.
- Although, digital publishing is trending worldwide, 2017the manufacturing value added of the publishing and printing industry in the Philippines has increased since 2009 and was valued at approximately 19.5 billion Philippine pesos in 2017.
- As a result, more people in the Philippines are looking for printers for sale whether from domestic sources or via imports.
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The Packaging Industry in the Philippines
- The sector is majorly driven by growth in rigid plastics packaging, which is forecast to register the fastest volume CAGR of 6.4% during 2019–2024.
- Flexible packaging, such as flexible plastic (widely used in monosodium glutamate and herbs and spices in particular) and stand-up pouches, continued to account for the biggest share of packaging in sauces, dressings, and condiments in 2019.
- The packaging sector in the Philippines is expected to reach 69 billion units by 2024 at a compound annual growth rate (CAGR) of 3.3% for the same forecast period mentioned above.
- This boosting economy in the Philippines will continue to drive demand for industrial inkjet printer, printing equipment, printing parts, printing consumables such as inks, make ups and cleaning solutions.
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The Manufacturing Industry in the Philippines
- The Philippine manufacturing industry remains to be the most important sector for long-term productive employment, value-added generation, and innovation.
- Manufacturing comprises more than half of the Philippines's industrial sector and accounts for almost a quarter of the country's Gross Domestic Product (GDP)
- The Manufacturing Industry contributes to 23.25% of the Philippines’ 2015 GDP, employing more than 3.2 million in the workforce. As of the 3rd Quarter of 2016, Manufacturing Industry contributes to 23.8% of total GDP.
- Hence, the Philippines’s expanding manufacturing sector has increased demand for printing and industrial ink such as Videojet ink, Inkjet refills, and Hitachi parts.
Sea Ports and Trading Hubs of the Philippines
Camainks uses Manila Port when exporting printing products to the Philippines.
For importing Inkjet printers, Citronix printers, Videojet inks, and other spare parts, Camainks uses the largest port of Manila when exporting to our clients in the Philippines. We have exported items such as inkjet printers, CIJ printers, laser printers, and specialized brands of printer consumables including:
- Videojet inks
- Domino inks
- Citronix CIJ inks
- Other printer spare parts
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What Printers and Ink Do the Philippines Import?
Although the Philippines does have some manufacturers for printers and ink like Risograph ink and Domino Inkjet printer, the Philippines still needs to import from countries such as China, Japan, Korea, United States, and Thailand. This demand for importing printers and ink in the Philippines is due to its fast-growing economy. Some printers, ink, and related consumables that the Philippines imports from these countries include,
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What Regulations Are There on Importing Printers and Ink to the Philippines?
- All imported articles invite import taxes, even those having been previously exported (except special mention envisaged in the Tariff and Customs Code or another regulation).
- The entry form must be filled in at the Customs Office in the 30 days following the unloading of the last package, failing to do which amounts to abandonment of the goods and ipso facto confiscation of the cargo.
- The importation status of any commodity (whether prohibited, regulated, or freely importable) may be checked/verified with the Bureau of Customs (BOC), the Bureau of Import Services (BIS) of the Department of Trade and Industry (DTI).
- Import documents required for shipments to the Philippines include: Commercial invoice/Pro forma invoice, Bill of lading (for sea freight) or air waybill (for air freight), Certificate of origin (if requested), Packing list, Special certificates/import clearance/permit depending on the nature of goods being shipped and/or requested by the importer/bank, and Commercial Invoice of Returned Philippine Goods.
- Philippine law restricts the importation of certain goods for reasons of national security, environmental and public health protection, and order and morality, in addition to complying with international treaties and obligations.
- Chemicals under the Philippine Priority Chemical List (PCL), Cyanide, Mercury, Asbestos, Polychlorinated Biphenyl, Chlorofluorocarbon and other ozone-depleting substances, and Recyclable materials containing hazardous substances, i.e. scrap metals, solid plastic materials, electronic assemblies and scrap, used oil, fly ash, and used lead acid batteries should obtain a permit from Department of Environment and Natural Resources - Environmental Management Bureau (DENR-EMB) and Energy Resource Development Bureau (DENR-ERDB)
- Because inks contain hazardous chemicals, it is important to follow the Philippines’s import regulations.
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Why Should the Philippines Import Printers and Ink?
Availability - The local industry has limited capacity and some clients in the Philippines require printers and ink promptly.
High Product Cost - Given the domestic competition in the Philippines, printers and the continuous ink supply are more expensive to buy domestically than on the world market.
Product Quality - While most international suppliers have a good brand reputation and quality, some smaller domestic manufacturers in the Philippines can have variant product quality.
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Where Can I Buy Printers and Ink for the Philippines?
If you are looking for individual use printers and inks, there are many domestic manufacturers and distributors available in the Philippines. However, if you looking for large quantities of inks, make ups and cleaning solutions, Camainks has been exporting print products such as Videojet ink, Linx printing technologies, and Markem Imaje 2200 to clients in the Philippines. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.