International Business


Philippines


Chief Products: Agricultural – rice, corn, coconut products, sugarcane, bananas, tobacco, peanuts, and livestock. Manufactured – processed food, textiles, chemicals, wood products, assembled automobiles, electronics equipment, glass, rubber, and steel products. Mineral – chromite (chromium ore), copper, manganese, iron ore, and gold. Major Exports: Electronics, garments, transportation equipment and machinery, mineral and mineral products, coconut product, sugar, bananas, pineapple, and mangoes. Major Imports: Materials for the manufacture of electronics/electrical equipment. Major Trading Partners: USA, Japan, Netherlands, Singapore, Taiwan, Hong Kong, Malaysia, Germany, Rep. of Korea and PROC. Major Investors: USA, Japan, Germany, Singapore, Taiwan, Argentina, Virgin Islands, France, and Great Britain.


The Philippines is mostly an agricultural nation, but it is developing in other industries. Rice is the most important food crop, and is grown on many of the islands. The Central Luzon Plain is known as the nation’s “rice bowl.” Corn is another important food crop, and the Filipinos eat it on a daily basis. Copra, or dries coconut meat, sugarcane and abaca are the chief cash crops. Copra is processed to make fine oil for the manufacture of many items, particularly soap. Manufacturing is dominated by the processing of agricultural products. Factories assemble automobiles and produce chemicals, plastics, rubber and steel goods, glass, plywood, and radios.


Brunei Darussalam


Chief Products: Petroleum and natural gas. Major Exports: Oil and gas, and ready-made garments. Major Imports: Transportation equipment and machinery, manufactured goods, and food chemicals.


Brunei’s economy is dependent on its petroleum and natural gas, which account for nearly all of its exports and more than 75% of its wealth. Brunei’s government just entered a new stage of development in its goal to become more economically diversified from their dependence on oil and gas by increasing investments in the construction industry.


Cambodia


Chief Products: Agricultural – Rice, cassava, vegetables, fruits, corn, soybeans, sugarcane, rubber, and livestock. Manufactured – Agricultural and forestry products and textiles. Mineral – Salt, phosphates, and iron ore. Major Exports: Garments, textile product sawn, wood furniture, and rubber. Major Imports: Transport equipment and machinery, manufactured goods, and food chemicals.


Cambodia’s economy is based largely on agriculture. The main food crop is rice, and they compete directly with the Philippines. Industry is limited largely to the manufacture of textiles and the processing of agricultural products and timber.


Indonesia


Chief Products: Agricultural – rice, cassava, sugarcane, coconuts, copra, corn, sweet potatoes, peanuts, bananas, palm kernels, palm oil, kapok, coffee, tea, spices including pepper, nutmeg, and mace, soybeans, tobacco, and livestock. Industries and Products – petroleum refining, mining, forest products including timber, plywood, paper, and cinchona, metal smelting, fishing, sugar refining, food processing, petrochemicals, cement, fertilizers, handicrafts, television, and radio sets. Minerals – petroleum, natural gas, tin, nickel, coal, copper, silver, gold, and diamonds. Major Exports: Textile, electronic goods, footwear, oils, gas, plywood, and sawn timber. Major Imports: Chemical, pharmaceutical, fertilizer, cotton yarns, textile fabric, machines, and motor vehicles.


Indonesia is a country rich in a number of natural recourses. There are plantations that specialize in products for export. Indonesia’s main trading partners are the United States, Japan, and Singapore.


Laos


Chief Products: Agriculture – rice, coffee, cotton, tobacco, and livestock. Manufactured – forest products including timber, textiles, and processed agriculture products. Mineral – tin and salt. Major Exports: Coffee, electricity, clothing, wood and forest products, and gypsum. Major Imports: Industrial machinery, chemicals, iron, electrical machinery and parts, steel, oil, and construction materials and consumption goods.


Like most countries in this area Laos’ economy is based mainly on agriculture, and they have an abundance of rice as well. There is very little industry, so most of it must be imported.


Malaysia


Chief Products: Agriculture – rubber, oil palm, rice, coconuts, copra, sago, cassava, corn, spices, hemp, tobacco, fruits, vegetables, and livestock. Manufactured – palm oil, coconut oil, processed rubber, smelted tin, refined petroleum and petroleum products, forestry products, processed food, steel, tobacco products, textiles, television sets, motor vehicles, and handicrafts. Major Exports: Electronics and electric machinery, petroleum and LNG, textiles, clothing and footwear, palm oil, and saw timber. Major Imports: Manufacturing inputs, machinery and transport, equipment, and metal products.


Malaysia’s leading exports are mostly in the electrical and electronics industry. The country is rich in resources, and its economy is developing rapidly. Malaysia is the world’s largest exporter of palm oil.


Myanmar


Chief Products: Agriculture – rice, sugarcane, sesame, peanuts,