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Recent developments in cross-border e-commerce expanded Filipino consumers’ access to imported food and beverage products, rising from zero in 2019 to almost $1 million in purchases in 2022.
The Philippines is an emerging market for halal products due to its growing Muslim population.
This report outlines the Philippine government requirements for the importation of corn. It also provides points of contact for key Philippine government authorities.
On June 30, 2023, the Department of Trade and Investment-Board of Investments (DTI-BOI) issued Memorandum Circular (MC) No. 2023-004 or the “Guidelines on the Availment of Duty Exemption/Value-Added Tax and Customs Duty Exemption on Importation of Capital Equipment, Raw Materials, Spare Parts and Accessories under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law."
There are no changes to rice and corn production and imports, nor wheat imports for MY 2023/24.
In 2022, the Philippine baking industry spent roughly $1.5 billion on ingredients, with 77 percent ($1.2 billion) imported. The United States supplied more than 55 percent or $845 million worth of ingredients, mostly wheat.
Post sees the food and beverage retail sector growing six percent more slowly than last year. Retail sales continue accelerating as chains open new outlets while enhancing their imports sections.
FAS Manila lowers 2023 pork production to 925,000 MT on the recent arrival and expansion of African Swine Fever within the top remaining production regions of the Philippines while also lowering imports to 500,000 MT based on trade to-date and high carry-over stocks that are not currently reflected in the balance sheet.
In support of climate action, the Philippines calculated its carbon intensity for ethanol made from molasses and sugarcane at 46.8 gCO2e/MJ, and of biodiesel from crude coconut oil and refined coconut oil at 32.8 gCO2e/MJ and 31.5 gCO2e/MJ, respectively.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
This report outlines the Philippine government’s required documents of the United States in order to facilitate the importation of U.S. food and agricultural products. Post has made updates to Annex II on USDA APHIS Certificates for Live Animals.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.