Philippines Exporter Guide 2019

Country:
Philippines

Report Highlights: The United States is the Philippines’ largest supplier of agricultural products with a 28 percent market share. In 2018, the Philippines ranked as the eleventh largest global market for U.S. agricultural exports, with soybean meal, wheat, dairy products, pork and pork products, and poultry as the top five products. Buoyed by strong consumer spending, the Philippine economy is forecast to grow six percent amidst global market uncertainty. Despite slowdown in the first three quarters, FAS Manila is optimistic that sales of U.S. agricultural products to the Philippines will reach a record $3 billion by year-end as shipments arrive in time for the holiday season, surpassing the previous year by 1.5 percent. High-value consumer-oriented food and beverage products are the best prospects for future export growth, including pork, cheese and cheese products, frozen and powdered eggs, fresh fruits and vegetables, and processed fruits and vegetables.

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