Philippines
U.S. Trade with Philippines in 2023
Export Market Rank
#9 Among U.S. Agricultural Export Markets
Total Export Value
$3.62 Billion
3-Year Average
$3.74 Billion
Compound Average Growth
2.3% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Philippines in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Soybean Meal | $1.27 Billion | 2.45 Million | $852.94 Million | 117% |
| Wheat | $749.63 Million | 2.28 Million | $708.1 Million | 7% |
| Dairy Products | $371.71 Million | 136,195 | $342.38 Million | -8% |
| Poultry Meat & Prods. (excl. eggs) | $179.82 Million | 172,945 | $115.24 Million | 94% |
| Processed Vegetables | $123.59 Million | 63,437 | $99.42 Million | 42% |
| Pork & Pork Products | $109.73 Million | 50,680 | $113.25 Million | 6% |
| Beef & Beef Products | $83.61 Million | 11,487 | $79.38 Million | 41% |
| Food Preparations | $77.2 Million | 10,454 | $85.26 Million | 9% |
| Other Feeds, Meals & Fodders | $75.47 Million | 88,000 | $66.65 Million | 65% |
| Ethanol (non-bev.) | $69.61 Million | --- | $102.06 Million | -57% |
Data and Analysis
Attaché Report (GAIN)
Philippines: Philippine Department of Agriculture Directed to Ease Agri-Food Importation Procedures
President Ferdinand R. Marcos Jr. has ordered the Department of Agriculture (DA) to further streamline administrative procedures and policies on the importation of agricultural products and remove non-tariff barriers to help ensure food security.
Fueled by a strong snacking culture, the Philippines' $2.6 billion snack food market presents a prime opportunity for U.S. exporters. While imports currently occupy only 15 percent of shelf space, U.S. products account for more than 20 percent of that share.
FAS Manila forecasts marketing year (MY) 2025 raw sugar production of 1.85 million metric tons (MT). With high prices, more farmers have planted sugarcane, but some farms with no irrigation are suffering from the ongoing El Niño, which stunted sugarcane growth and could result in lower yields in MY 2025.
News and Features
Private exporters reported sales of 138,000 MT of soybean cake and meal for delivery to the Philippines during MY 2023/2024.
Private exporters reported the following sales activity: 155,000 MT of corn for delivery to Japan during MY 2024/2025 and 228,000 MT of soybean meal for delivery to the Philippines during MY 2023/2024.