Total agricultural trade in the Philippines grew 8.5 percent to $2.18 billion in June 2025 from a year ago on the back of higher exports, the Philippine Statistics Authority (PSA) said Wednesday.
Data from the Philippine Statistics Authority (PSA) showed that agricultural imports had the largest share of 67.0 percent or $1.46 billion to the total agricultural trade, while exports accounted for the remaining 33.0 percent valued at $721.09 million.
This brought down the total balance of trade to a deficit of $742.38 million in June.
Agricultural exports increased by 24.7 percent in June, while agricultural imports rose 1.9 percent.
Cereals accounted for the highest value of imports in June, contributing $273.09 million to the total value of agricultural imports.
Malaysia was the country’s lead trading partner for exports among the Association of Southeast Asian Nations (ASEAN), while Netherlands led as a major trading partner in the European Union (EU).
Vietnam was the leading supplier of agricultural products to the Philippines among other ASEAN countries.
