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: 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.
Attaché Report (GAIN)
Philippines: Philippines Notifies Revised Guidelines for Milk Formula or Supplements to WTO TBT Committee
The Philippines recently notified regulations on follow-up formula or milk supplements and products for young children to the World Trade Organization.
FAS Manila forecasts 2025 beef/carabeef and pork imports at 226,000 and 510,000 metric tons carcass weight equivalent, respectively. Strong economic growth, moderating inflation, and forecast population increases support higher meat imports in 2025.
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.