Philippines eyes to become China’s top coconut supplier

The Philippines targets to become the top exporter of coconut products to China, next to other ASEAN countries like Indonesia, Thailand, Vietnam and Malaysia. The 2020 China Coconut Oil Import Source Countries Statistics as reported by the Embassy of the Philippines in Beijing, the Philippines ranked second largest coconut supplier to China, cornering 27 percent of total market share in the country. During this period, the Philippines exported about 43,700 metric tons (MT) of coconut products in the world’s second largest economy, which was valued at $62.85 million. Aside from the Philippines, China imports majority of its coconut products from Indonesia, Thailand, Vietnam and Malaysia, which are the other four major countries that export coconuts to China. “The Philippines could also become a dominant player in this area, as the country’s young green coconut export had already gained access to China in 2019, while still maintaining the staple coconut products the country exports ...