Browse Data and Analysis

Despite record production and ample stocks, the Philippines is forecast to import a record volume of rice. Large imports are spurred in part by high domestic prices and the recent government decision to reduce tariffs from 35 to 15 percent.

Fueled by a rebound in hospitality and food service, the Philippine economy outperformed Singapore, Thailand, Malaysia, and Indonesia in 2023 despite inflationary pressure. Total U.S. agricultural and related exports to the Philippines reached $3.6 billion in 2023 with U.S. consumer-oriented and intermediate agricultural exports ranking the highest in Southeast Asia.

Executive Order No. 20 (EO 20) outlines the Most Favored Nation tariff schedule for 2017 to 2020 for all products, including food and agriculture (Chapters 1-24), effective June 17, 2017.

In the Philippines, the Department of Health (DOH) through its Food and Drug Administration (FDA) will be responsible for the regulation of processed food products of animal origin.

Post concurs with the official USDA wheat and corn estimates. For rice, production and area harvested in MY 16/17 were adjusted upwards based on the latest Philippine government data.