The Philippines is the world's second largest coconut producer and largest exporter, with 70% of its annual output used for export, totaling US$3.2 billion in 2022. Despite a decline in production, the coconut industry still makes up more than one-third of the Philippines' total agricultural exports. The Department of Agriculture aims to expand the industry by increasing production through planting high-quality coconut hybrids and varieties, as factors like insect infestations, typhoons, low investment, limited R&D, and weak infrastructure have led to declining yields for coconut farmers.