Among the many economic problems faced by the Philippines, one is the imbalance of imports and exports. The negative trade is heavy and only counterbalanced by the service account surplus. Over the last two decades, Philippine exports have shifted from commodity-based products to manufactured goods. However, in the midst of the current global economic recession, the exports of electronics, garments and textiles are yet to reach a level of import neutralization. http://internationalbusiness.wikia.com/wiki/Philippines_Econonomies_Strengths_and_Weaknesses_MF
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Through this Trade imbalance, many investors had been taken by the other competitors from the Philippines and this may led the Philippines in an unequal development the country itself. Our country has nothing to do to compete with other country because of their low cost labors and raw materials.And I guess the government need to control the importation and only import product that is really necessary and also the products that our country do not have. In helping our economy, exportation is one of the key for it, so the government must export all Philippine products to make changes on the rate charges and also to invite more exporter and business owner to do the export business.
