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FAS Manila expects rice imports to decline to 3.5 million MT as high prices in the international market and price ceilings ordered by the President disincentivize imports.

This report outlines Philippine government requirements for the importation of food and agricultural products.

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."

Malaysia was the 26th-largest export destination for U.S. agricultural products in 2022, totaling nearly $1.1 billion in value, and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry.

The guide is intended to provide a general understanding of Cambodia's import process for food products. As is common in developing economies, a high level of informality exists in Cambodia, especially at the borders.

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.

This report reflects significant changes from the June 2022 report, including updates on Food Labeling in Section II, Other Specific Standards in Section VII, Import Procedures Section IX, and Trade Facilitation in Section X.