Browse Data and Analysis

The Philippines is the ninth largest market for U.S. agricultural exports and the largest destination for U.S. consumer-oriented products in Southeast Asia. The United States is the largest single-country supplier of agricultural products, although ASEAN countries benefit from lower tariffs and have more market share as a group.

The Philippine Bureau of Internal Revenue (BIR) on November 10, 2021 issued Revenue Memorandum Circular No. 112-2021, clarifying that all imported unprocessed fruits and vegetables are exempt from the 12 percent value-added tax.

FY2021 agricultural exports reach record levels.

On November 4, 2021, the Philippine Department of Agriculture's Bureau of Animal Industry (BAI) and National Meat Inspection Service (NMIS) issued Joint BAI-NMIS Memorandum Circular No. 3.

The Philippines' declining production of lumber and other wood products cannot meet the country’s growing demand for residential, commercial, and public construction projects.

Post expects the Philippine food service sector to shrink by a further 13 percent to $7.4 billion in 2021, following its 44 percent decline in 2020. With the spread of the Delta variant of COVID-19, people are hesitant to return to restaurants.

The Philippine Department of Agriculture temporarily extended the validity of SPS Import Clearances for meat and poultry from 60 to 90 days.

On July 27, the Philippine Department of Agriculture's National Meat Inspection Service issued Memorandum Circular No. 07-2021-018, reiterating the minimum labeling requirements for imported meat.

The Philippine Department of Energy recently revised its biofuel accreditation guidelines through the issuance of Department Circular No. 2021-06-0014 in order to better ensure compliance with the country’s Biofuels Act.

On June 18, 2021, the Department of Health issued Administrative Order No. 2021-0039 (AO 2021-0039) “National Policy on the Elimination of Industrially Produced Trans-Fatty Acids for the Prevention and Control of Non-Communicable Diseases.”

On June 26, 2021 the Philippine Department of Agriculture released the guidelines for implementing the increased tariff rate quota for pork imports, known as Minimum Access Volume (MAV).

In a bid to diversify market sources and maintain affordable rice prices, the Philippines has temporarily lowered the Most Favored Nation tariff rates for rice.