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As one of the world’s fastest growing markets, the Philippines presents export opportunities for U.S. food and beverage products including dairy, poultry, pork, beef, processed and fresh vegetables, fresh fruit, food preparations, sauces, condiments, chocolate and cocoa products, chewing gum and candy, dog and cat food, and bakery products.
Romania has been a growing market for U.S. food and agriculture exports. Romania’s total resident population is 19.05 million people, which is a marginal increase from last year, with about 48 percent living in rural areas (2023 data).
South Africa is an important market for agricultural products from the United States. The country is a favorable site for enterprises due to its developing market, which facilitates the effective transportation of both imported and domestically produced agricultural products to major urban centers and the greater Southern Africa region.
Turkiye is among the world’s leading economies and home to a young, mostly urban population of 85.3 million people. This dynamic has fueled the country’s rising demand for consumer-oriented agricultural products.
In 2022, U.S. exports of consumer-oriented products to Bangladesh were valued at $9.5 million, accounting for less than 1 percent of the market share of the $2 billion in consumer-oriented products Bangladesh imported.
Bosnia and Herzegovina (BiH) maintains a significant trade deficit in its agro-food sector. In 2022, food imports reached $2.5 billion, while exports were valued at $595 million.
The exporter guide provides an economic and market overview, as well as trends and practical tips for U.S. exporters on how to conduct business in Costa Rica in 2024.
In 2022, El Salvador imported $973 million of agricultural products from the United States, out of which about $283 million were consumer oriented.
Germany has more than 84 million of the world’s wealthiest consumers and is by far the biggest market in the European Union. The German market offers good opportunities for U.S. exporters of consumer-oriented agricultural products.
On December 26, 2023, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of 85 seed production and operation licenses, including 26 genetically engineered (GE) corn and soybean seed production and operation licenses.
The Dominican Republic (DR) is ranked among the top three destination markets in the Western Hemisphere and within the top 15 markets globally for U.S. consumer-oriented products. In 2022, U.S. exports of consumer-oriented products to DR topped $1 billion, 19 percent higher year-on-year primarily due to strong demand from foreign tourism and the retail sector.
Singapore’s economy has made significant progress towards normalization post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.