More than 90 percent of bulk exports to the Philippines in 2021 were wheat, which increased by $44 million from 2020. Top products in this category include wheat ($871 million), soybeans ($65 million), and pulses ($10 million). agricultural products exported to the Philippines in 2021 at $1 billion, a 4-percent increase over 2020. As soybean meal is a large proportion of intermediate products exported, its $60 million year-over-year growth accounts for much of the category’s overall growth in 2021.īulk products were the third-largest category of U.S. Top products in this category include soybean meal ($960 million) miscellaneous feeds, meals, and fodders ($86 million) and ethanol ($51 million). agricultural products exported to the Philippines in 2021 at $1.2 billion, a 4-percent increase over 2020. Intermediate products were the second-largest category of U.S. Pork exports benefitted from temporarily lower tariffs and larger quota volumes, while demand increased for substitute proteins like poultry. Meat and poultry product exports have increased significantly in recent years to make up for shortfalls in domestic pork production related to African swine fever. meat and poultry products, with pork exports growing by $90 million and poultry exports growing by $83 million. Year-over-year growth was particularly strong for U.S. Top products in this category include dairy products ($437 million), pork and pork products ($204 million), and poultry meat and products ($147 million, excluding eggs). The Philippines has been the top Southeast Asian destination for U.S. agricultural products exported to the Philippines in 2021 at $1.4 billion, a 23-percent increase over 2020. In 2021, imports from the United States, with 21 percent of the market, were nearly double those from Indonesia, the next largest supplier.Ĭonsumer-oriented products were the largest category of U.S. Despite tariff and logistical disadvantages, the United States has long been the top supplier of agricultural products to the Philippines, compared to neighboring suppliers in Asia. products in Southeast Asia for the first time since 2015.
Top 10 US Agricultural Export to Philippines 2017-2021Įxports increased 11 percent over 2020, surpassing Vietnam and making the Philippines the top market for U.S. agricultural exports in 2021, reaching a record $3.5 billion. The Philippines was the seventh largest market for U.S. products built over decades can be important for exporters. The strong trade relationship and consumer trust in U.S. Still, the path to achieving annual records will likely be through diversification, especially in consumer-oriented products. The United States saw a record year in 2021 for agricultural exports to the Philippines. While the usual consumption patterns have been forced to accommodate pandemic restrictions in recent years, the sector has been resilient. The Philippine food and beverage sector has grown significantly over the past decade. Already a longstanding and reliable trading partner, the Philippines continues to offer many opportunities for exporters because of its young and growing population and rising household income. agricultural exports and the top market in Southeast Asia. The Philippines is the seventh-largest market for U.S. Philippines Agricultural Imports Market Share Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
0 kommentar(er)
