The Philippines is the second largest world producer of handicrafts, mainly baskets out of indigenous materials. This industry continues to provide a respectable contribution to foreign exchange earning of the country (US$71.9M in 2000) while many handicraft items are also sold on the local market. All together, the sector is providing livelihood to more than 1 million Filipinos. Although the industry has experienced some setbacks over the last ten years, it has kept the respect of the high-end markets in the United States, European Union, and Japan and has only lost a great part of the low-end market to China.
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The Philippines is the second largest world producer of handicrafts, mainly baskets out of indigenous materials. This industry continues to provide a respectable contribution to foreign exchange earning of the country (US$71.9M in 2000) while many handicraft items are also sold on the local market. All together, the sector is providing livelihood to more than 1 million Filipinos. Although the industry has experienced some setbacks over the last ten years, it has kept the respect of the high-end markets in the United States, European Union, and Japan and has only lost a great part of the low-end market to China.
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