Why Philippines is abundant in natural resources?

The Philippines is rich in natural resources. Its fertile land produces a variety of crops such as coconut, copra, banana, pineapples, sugar, gum, resins and rubber. Some of these agricultural crops are raised for export. Rice, which is the staple food of Filipinos, is produced, largely, in the Central Plains of Luzon.

What are 5 natural resources examples?

Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well. Natural resources are used to make food, fuel and raw materials for the production of goods.

What are some of the Philippines’ natural resources?

The Philippines major crops includes rice, corn, sugarcane, abaca (kind of hemp), and tobacco. Among all these rice is the most important source of food along with corn. Coconuts, mangoes, watermelons and other native fruits are important contributors to the nation’s income.

What natural resources does the Philippines have?

Overview of Resources. It is estimated that the Philippines is home to more than 21.5 billion metric tons (MT) of metal deposits and 19.3 billion MT of nonmetal mineral deposits. The natural resources of the Philippines include copper, timber, nickel, petroleum, silver, gold, cobalt, and salt.

What are the national resources of the Philippines?

List of Natural Resources in the Philippines Mineral Deposits. According to Bloomberg Businessweek, the Philippines hope to attract USD 6 billion in foreign investment to help develop its stores of gold, nickel, copper, silver, platinum, zinc, and Sea Life. Agricultural Crops.

What are the minerals in the Philippines?

Although the Philippines is rich in mineral resources, mining activities constitute only a small portion of GDP and employ an even smaller fraction of the population. Most of the country’s metallic minerals, including gold, iron ore, lead, zinc, chromite, and copper, are drawn from major deposits on the islands of Luzon and Mindanao .