Agri trade hits record high of $29.6B in 2025

LocalBusiness & Finance
28 Mar 2026 • 12:17 AM MYT
The Manila Times
The Manila Times

One of the longest-running English broadsheets in the Philippines

image is not available

THE country’s agricultural trade totaled $29.63 billion in 2025, its highest on record since 1991, according to data from the Philippine Statistics Authority.

It also marked an 8.9-percent increase from the $27.22 billion recorded in 2024.

Exports amounted to $9.25 billion, 31.2 percent of total trade, and 19.3 percent higher than the $7.75 billion in 2024.

However, this was lower compared to the 20.6-percent annual growth in 2024.

Imports reached $20.37 billion, 68.7 percent of total trade, and 4.7 percent higher than the $19.46 billion in 2024.

But this marked a slower increase from the 8.6 percent in the previous year.

Total trade deficit was $11.12 billion in 2025, or 5.0 percent lower than the $11.71 in 2024. This was likewise the narrowest deficit in four years or since the $8.89-billion deficit in 2021.

This was also a reversal from last year’s 1.9-percent increase.

Broken down, agricultural exports accounted for 11 percent of the country’s total exports in 2025. Animal, vegetable or microbial fats, oils and their cleavage products; prepared edible fats; and animal or vegetable waxes accounted for the largest share at $3.09 billion, or 33.4 percent of total exports for the year.

The country’s agricultural exports to the Association of Southeast Asian Nations (Asean) member countries totaled $950.74 million, or 8.0 percent of the total value of exports to the region.

Malaysia topped the list at $438.25 million or 46.1 percent.

Animal, vegetable or microbial fats, and oils and their cleavage products; prepared edible fats; and animal or vegetable waxes were the country’s top agricultural exports to Asean member countries at $320.90 million, or 33.8 percent.

This was followed by tobacco and manufactured tobacco substitutes; products, whether or not containing nicotine, intended for inhalation without combustion; and other nicotine-containing products intended for the intake of nicotine into the human body ($281.69 million, 29.6 percent) and miscellaneous edible preparations ($58.09 million, 6.1 percent).

Agricultural exports to European Union member countries reached $2.14 billion, or 21.9 percent of total export value to these countries.

The Netherlands accounted for $1.29 billion, or 60.3 percent, of the Philippine agri exports.

Animal, vegetable or microbial fats, and oils and their cleavage products; prepared edible fats; and animal or vegetable waxes accounted for $1.45 billion, or 67.8 percent of the total.

This was followed by preparations of meat, fish, crustaceans, mollusks, other aquatic invertebrates or insects ($255.39 million, 11.9 percent) and edible fruit, and nuts and peels of citrus fruit or melons ($168.02 million, 7.9 percent).

Meanwhile, cereals were the country’s biggest import at $3.89 billion, or 19.1 percent of the total value in 2025.

Agricultural imports from Asean countries amounted to $7.78 billion, or 22.0 percent of the total.

Vietnam accounted for $2.22 billion or 28.6 percent of Asean imports.

Animal, vegetable or microbial fats, and oils and their cleavage products; prepared edible fats; and animal or vegetable waxes were the top imported agricultural commodity group from Asean member countries at $1.93 billion, or 24.8 percent.

This was followed by cereals at $1.70 billion (21.8 percent) and miscellaneous edible preparations at $1.41 billion (18.1 percent).

The country’s agricultural imports from EU member countries reached $1.78 billion, or 21.3 percent of total value in 2025.

Spain accounted for $432.66 million, or 24.4 percent of total value.

Meat and edible meat offal were the country’s top agricultural imports from EU member countries at $501.63 million or 28.3 percent.

This was followed by dairy produce, birds’ eggs, natural honey, edible products of animal origin not elsewhere specified or included ($412.36 million, 23.2 percent), and residues and waste from the food industries and prepared animal fodder ($208.76 million, 11.8 percent). 

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved