Browse Data and Analysis

FAS/Hanoi’s successful in-store promotion in July 2023 at the WinMart retail chain highlights growing opportunities to promote U.S. food, beverages and agricultural products in Vietnam.

India, the world’s largest rice exporter, disrupted global rice markets by banning white rice exports in July 2023, before placing an export tax on parboiled rice exports in August 2023.

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

In July, Vietnam's rice exports surged to 656,869 tons, with its primary export markets being the Philippines, Indonesia, Ivory Coast, Ghana, and China. Notably, shipments to the Philippines soared to 239,400 tons, marking a 45% spike from the previous month and securing a 36% share of the export market.

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 report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.

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.