Browse Data and Analysis

On June 20, 2024, President Ferdinand Marcos Jr. issued Executive Order No. 62 (EO 62) modifying the import duty rates of various commodities. EO 62 provides a multi-year comprehensive tariff schedule and applies to commodities subject to the Most Favored Nation (MFN) rates.

Fueled by Filipinos' fondness for food indulgences, rising disposable incomes, and increasing urbanization, the $1.2 billion confectionery and ice cream market is expected to see robust growth of eight percent annually through 2028.

On May 7, 2024, the Department of Energy (DOE) Secretary signed three Department Circulars (DCs) on the implementing guidelines and specifications for the roll-out of voluntary E20 gasoline and mandatory B3 diesel blends.

Post sees Philippine biofuels consumption recovering in 2024 in line with economic growth, as fuel ethanol demand grows 8 percent to 682 million liters and biodiesel increases at 0.8 percent to 240 million liters.

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 from the United States in order to facilitate the importation of U.S. food and agricultural products.

This report outlines Philippines government's requirements for the importation of food and agricultural products. The report aims to assist U.S. exporters by providing information on labeling, packaging, permitted ingredients, and other relevant considerations.

President Ferdinand R. Marcos Jr. has ordered the Department of Agriculture (DA) to further streamline administrative procedures and policies on the importation of agricultural products and remove non-tariff barriers to help ensure food security.

Fueled by a strong snacking culture, the Philippines' $2.6 billion snack food market presents a prime opportunity for U.S. exporters. While imports currently occupy only 15 percent of shelf space, U.S. products account for more than 20 percent of that share.

FAS Manila forecasts marketing year (MY) 2025 raw sugar production of 1.85 million metric tons (MT). With high prices, more farmers have planted sugarcane, but some farms with no irrigation are suffering from the ongoing El Niño, which stunted sugarcane growth and could result in lower yields in MY 2025.

FAS Manila forecasts MY 2024/25 soybean meal imports to reach 3.2 million metric tons (MMT), an increase of 4 percent attributed to the growing feed demand for livestock, poultry, and aquaculture. The projected 3 percent growth in soybean meal equivalent (SME) consumption coincides with the forecasted 3 percent increase in livestock production during the same period.

On February 15, 2024, the Minimum Access Volume (MAV) Management Committee issued an Administrative Circular (AC) that increased the annual MAV or Tariff Rate Quota for chipping potatoes from 30,000 to 60,000 metric tons (MT).