The Philippine export portfolio in the product space: potentials, possibilities and policy challenges

Abstract

Using the product space and the index for product level sophistication, the performance of the Philippines' export basket is analyzed. Results indicate that while currently it has limited options for diversification, the country can still produce sophisticated exports given significant transformation of its production structure. Specific exports that have the potential to evolve into sophisticated rich-country goods are also identified.export sophistication, product space, diversification, Philippines