The Philippines dropped to 10th on the list of the United States’ (US) largest export destinations for agricultural products in 2025 after shipments declined by two percent due to weaker imports of wheat and processed vegetables.

Based on its Agricultural Export Yearbook published last May 13, the US Department of Agriculture (USDA) said total agricultural exports to the Philippines reached $3.41 billion last year, down from $3.48 billion in 2024, when the country ranked ninth on the list.

The report showed that Taiwan was the ninth biggest market for US agricultural goods last year, with $4.25 billion in imports—a decline from its previous eighth rank after being overtaken by Vietnam, which rose from 10th to eighth place with $4.7 billion.

Wheat exports posted the biggest plunge in terms of value last year, as shipments of the commodity to the Philippines fell by 13 percent to $630 million from the previous year’s $728 million.

In a separate report on the global grains trade, the USDA attributed the weaker wheat exports to the Philippines to sufficient domestic stocks and slowing feed wheat demand.

Meanwhile, processed vegetables posted a 23-percent decline to $91 million from $118 million a year ago.

Other commodities that declined last year included beef and beef products, which slumped by four percent to $127 million, and food preparations, which shrank by 16 percent to $70 million.

Soybean meal, the US’ top export commodity to the Philippines, remained flat at $1.01 billion.

Meanwhile, exports of dairy products, ethanol, poultry meat and products, pork and pork products, and feeds, meals, and fodders all recorded growth last year.

Based on the report, the average value of total US agricultural exports to the Philippines from 2020 through 2025 was $3.62 billion.

With the Philippines on its way to upper-middle-income country (UMIC) status alongside its growing population, the USDA said the country continues to present significant opportunities for American agricultural exports.

Last month, more than 50 agribusinesses and trade associations participated in the agribusiness trade mission hosted by the USDA in Manila.

The USDA sees higher export prospects for beef, pork, poultry, dairy products, deli and gourmet items, frozen and ready-to-eat meals, as well as fresh, frozen, and processed fruits and vegetables.

The agency also expects potential growth in supplying infant food, cereals, confectionery and snack foods, seafood products, wine, beer, distilled spirits, non-alcoholic beverages, dog and cat food, ethanol, and convenience, organic, “free-from,” and “better-for-you” products.

Last year, Mexico was the US’ top export market for agricultural products with a total of $30.62 billion, up from $30.19 billion in 2024.

Canada was the second biggest market with $28.21 billion, followed by the European Union (EU) at $14.51 billion, and Japan at $12.81 billion.