Philippines: Philippines-A Billion Dollar Market for US Food and Beverage Exports

U.S. food and beverage (f&b) exports to the Philippines grew 15 percent in 2013 and reached a record $1 billion. As the number one market in SE Asia and the 10th largest market in the world for U.S. f&b products, the Philippines purchased enough value added goods in 2013 to fill roughly 25,000 container trucks stretching more than 300 kilometers. These sales provide key support to the approximately 1.8 million American food processing jobs and to many more throughout the supply chain in both countries. Among the top-20 markets worldwide, the Philippines is one of only two to double in three years. In addition, growth across the sector is exceptionally broad-based, with most of the products that comprise the f&b category setting new records. The top five export items in 2013 include dairy, meat & poultry, prepared food, fresh fruit and processed vegetables. While sales for these products are expected to remain strong in the coming years, prospects are excellent for a wide variety of f&b products, particularly those that can be classified as “healthy”, “gourmet” or “convenient.”

Philippines: Philippines-A Billion Dollar Market for US Food and Beverage Exports