The U.S. continues to be the Philippines’ largest supplier of agricultural products, and the Philippines is its 11th largest global market. U.S. agricultural exports to the Philippines increased 11 percent to $2.5 billion in 2016, driven by a robust economy and strong consumer spending. The top U.S. exports in 2016 were soybeans & soybean meal, wheat, dairy products, red meats and prepared food. Traders forecast export sales in 2017 will increase seven percent to $2.75 billion. Consumer-oriented food & beverage products remain the best prospects for future export growth.