India Pushing Rice Exports to Largest Importer of World Philippines
India is boosting rice exports to the Philippines, the world’s largest rice importer. Despite exporting USD 11.83 billion of rice globally in 2024-25, India shipped only USD 48.91 million to the Philippines, which imported USD 2.52 billion. A delegation of top exporters will visit Manila to expand trade and tap this significant opportunity.
India is pushing rice exports to the world’s largest importer of the commodity — the Philippines — and to tap the opportunity, a large delegation of leading exporters will visit the Southeast Asian nation next month, an official said.
The Philippines is an important market for India in agricultural products exports.
In 2024, the Philippines imported agricultural goods worth about USD 20 billion, with key imports including semi-milled rice, wheat and meslin, oilcake, food preparations, and palm oil.
India exported agricultural products worth USD 413 million to the Philippines in 2024, accounting for about 2 per cent of the Philippines’ total agricultural imports.
India’s major exports to this market were bovine meat, groundnut, rice, and tobacco.
“Philippines’ is the largest importer of rice in the world, with imports in 2024, valued at USD 2.52 billion. However, there is significant opportunity to expand India’s rice exports in the Philippines as, despite India being the world’s largest rice exporter — worth USD 11.83 billion in 2024-25 — India’s rice exports were only USD 48.91 million to the Philippines in the same period,” the official said.
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Source : Outlook Business
