Given its population of 102.6 million people, there are a lot of mouths to feed in the Philippines. So it should come as no surprise that Filipino rice imports by country cost a total US$210.7 million from its rice-supplying trade partners during 2016.
Filipino rice imports decreased by an overall -50.3% from all suppliers since 2012 when its imported rice purchases were valued at $424 million. Most of that decline occurred via a -54.7% drop from 2015 to 2016.
The 4-digit Harmonized Tariff System code (HTS) prefix for rice is 1006.
Among continents, Asian counties furnished virtually all of Philippines’ imported rice during 2016. Just $76,000 worth of rice was delivered from the United States plus $2,000 worth from the European country Switzerland.
Philippines Rice Imports by Country
Below are the 9 countries that supplied 100% of the rice imported into the Philippines for 2016:
- Vietnam: US$100.5 million (47.7% of total rice exports)
- Thailand: $69.9 million (33.2%)
- China: $19.4 million (9.2%)
- India: $19.2 million (9.1%)
- Singapore: $1.5 million (0.7%)
- United States: $76,000 (0.04%)
- Pakistan: $26,000 (0.01%)
- Kenya: $22,000 (0.01%)
- Switzerland: $2,000 (0.001%)
Among the above countries, the fastest-growing rice suppliers to the Philippines since 2012 were the United States (up 3,700%), Thailand (up 955.8%), Singapore (up 319.5%) and China (up 222.1%).
Filipino import purchases from its largest supplier Vietnam fell by -71% since 2012. Other countries experiencing significant declines in their rice shipments to the Philippines were Pakistan (down -99.8%) and India (down -51.2%).
The Philippines also grows its own rice, but shipped just $318,000 worth of the grain product to international buyers during 2016. However, the Philippines did post positive net exports for rice during 2016 with the 7 trade partners shown below.
Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus that the Philippines earned. In other words, the difference between the value of Filipino rice exports and its import purchases for that same commodity.
- United Arab Emirates: US$101,000 (net export surplus for rice)
- Saudi Arabia: $100,000
- Switzerland: $54,000
- Qatar: $25,000
- Australia: $5,000
- Côte d’Ivoire: $2,000
- Indonesia: $1,000
Three of the four top countries that propelled the Philippines to its highest surplus wins in the international trade of rice are in the Middle East. This positive cashflow confirms the Philippines competitive advantage for this specific product category in its trade with these trade partners–as it does for the four other listed countries.
Below are the 8 countries that ran up the highest rice deficits paid for by the Philippines during 2016:
- Vietnam: -US$1 billion (net export deficit for rice)
- Thailand: -$69.9 million
- China: -$19.4 million
- India: -$19.2 million
- Singapore: -$1.5 million
- United States: -$52,000
- Pakistan: -$26,000
- Kenya: -$22,000
By far Vietnam is responsible for the Philippines incurring highest deficit in the international trade of rice. In turn, this negative cashflow highlights the competitive disadvantages the Philippines has for this specific product category.
However, it also signals opportunities for rice-supplying countries that help satisfy the powerful demand among the 100 million-plus Filipino consumers.
The World Factbook, East & Southeast Asia: Philippines (People and Society–Population), Central Intelligence Agency. Accessed on July 21, 2017
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on July 21, 2017
Trade Map, International Trade Centre. Accessed on July 21, 2017
Investopedia, Net Exports Definition. Accessed on July 21, 2017
Wikipedia, Rice. Accessed on July 21, 2017