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
With the Philippines as one of the fastest-growing economies in Southeast Asia, Post sees the retail sector growing five percent as modern retail stores continue to expand.
FAS Manila forecasts 2025 chicken meat imports to grow slightly, reaching 480,000 MT as demand continues to outpace domestic supply. Chicken meat production in 2025 is expected to increase at 1.63 MMT ready-to-cook (RTC), up by about 4 percent year-on-year.
Attaché Report (GAIN)
Philippines: Philippines Notifies Guidelines on Ready-To-Use Therapeutic Foods to WTO TBT Committee
On August 20, 2024, the Philippines notified the World Trade Organization (WTO) of GBT/TBT/N/PHL/336 on the Guidelines on the Adoption of Codex Guidelines for Ready-To-Use Therapeutic Foods (RUTF) (CXC 95-2022) as Technical Regulation.
News and Features
Private exporters reported sales of 228,000 MT of soybean cake and meal for delivery to the Philippines during MY 2024/2025.
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.