Steps to 'explore' the Philippine market

Published 2025년 2월 27일

Tridge summary

Vietnam's exports to the Philippines reached a milestone of 6.19 billion USD in 2024, with rice being the primary export earning over 2.6 billion USD. The Vietnam Trade Office in the Philippines anticipates rice to continue leading exports in the future, alongside other agricultural and industrial products. Companies like Vingroup Corporation are also finding success in the Philippine market. However, the Vietnam Trade Office emphasizes the need for continued cooperation and solutions to overcome barriers and effectively exploit the market's potential for a wider range of Vietnamese export products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Trade Office in the Philippines, 2024 is a successful year for Vietnam's exports in many markets, including the Philippines. Exports to the Philippines last year exceeded 6 billion USD for the first time, reaching 6.19 billion USD. Contributing to the impressive growth of Vietnam's export turnover to the Philippine market in 2024, the first to be mentioned is rice with an export turnover of over 2.6 billion USD, an increase of 49% compared to 2023. The Vietnam Trade Office in the Philippines stated that in 2025 and the following years, rice will still be Vietnam's main export item to the Philippines. In addition, many other agricultural products also have great potential for export to this market such as coffee, cashew nuts, etc. In addition, other products and industries such as seafood; phones and electronic components; textiles; machinery, equipment, spare parts; footwear; means of transport; cement; chemicals and chemical products will still have ...
Source: Agriculture

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