The Philippines is a significant market for Indian agricultural exports, with a diverse range of products meeting the country's food and industrial needs.
The Philippines' agricultural imports from India have been on an upward trajectory, with a notable 20.6% increase in 2024. This growth is driven by India's competitive pricing and the Philippines' reliance on imports to meet domestic demand. The outlook remains positive, supported by ongoing trade relations and India's strategic initiatives to enhance exports.
Brazil competes with India in supplying bovine meat to the Philippines, offering competitive pricing and established trade routes.
Vietnam is a key supplier of rice to the Philippines, often preferred for its proximity and established trade agreements.
China exports groundnuts to the Philippines, leveraging its large-scale production and cost advantages.
| HS code | Product | Duty | Notes |
|---|---|---|---|
| 0201 | Meat of bovine animals, frozen | 5% | Standard duty rate applied to frozen bovine meat imports. |
| 1202 | Groundnuts (peanuts), not roasted or otherwise cooked | 5% | Duty applicable to raw groundnut imports. |
| 1006 | Rice, semi-milled or wholly milled, whether or not polished or glazed | 35% | High duty rate on rice imports to protect domestic producers. |
| 2401 | Unmanufactured tobacco; tobacco refuse | 5% | Standard duty rate for unprocessed tobacco imports. |
| 1207 | Other oilseeds and oleaginous fruits | 5% | Duty applicable to various oilseeds and oleaginous fruits. |
Issued by the Bureau of Customs, authorizing the importation of goods into the Philippines.
Ensures that imported agricultural products meet health and safety standards.
Verifies the origin of the goods, often required for tariff purposes.
A document detailing the imported goods, necessary for customs clearance.
Sea freight is the most common and cost-effective method for shipping agricultural products from India to the Philippines.
| Product | India mandi rate | Philippines landed price | Margin |
|---|---|---|---|
| Bovine meat | $3,000/ton | $3,150/ton | 5% duty |
| Groundnut | $1,200/ton | $1,260/ton | 5% duty |
| Rice | $400/ton | $540/ton | 35% duty |
The Trade Union matches you with verified buyers and handles the documentation.