Philippines to export halal products to Gulf Nations
Last year Philippines export data reports suggest that exports to gulf countries from the Philippines have followed upward trends. Food products were among the top gainers from the Philippines. Being the largest importer of meat products, leading gulf nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have done significant amounts of imports from the Philippines.
According to the Philippines import export data records, the United Arab Emirates was among the top importer from the Philippines among gulf countries with over 61 percent share of total imports. Whereas, Saudi Arabia and Qatar accounted for 18% and 10% respectively.
Philippines major exports to gulf countries include halal certified food, cosmetics, personal care, and fruit products. The Philippines is among the top agricultural goods exporters, likely to raise its fruits exports to gulf countries. Currently, over 2 million Philippine people are working in different gulf countries.
As per Philippines customs data, there was an increase of 8% in food exports from Philippines to gulf nations. During the financial year 2022, Philippines food exports were estimated to be around 225 million dollars. The Philippines government is likely to raise its exports to gulf nations by 100 million dollars.
During the financial year 2022, Philippines food, personal care and cosmetics exports to gulf countries were estimated around 223 million dollars and 11 dollars respectively. Experts predict the positive growth in Philippines food and agri products exports to Arab nations.
In terms of exports, the United Arab Emirates exports could reach 56 million dollars, while exports to Bahrain and Kuwait could reach 4 million and 12 million dollars respectively. The Philippines is stepping towards becoming a 3 trillion dollar economy.
While Philippines imports from Kuwait include petroleum gas, electric motors, and equipment. On the other hand, Qatar's major exports to the Philippines include petroleum gas, crude petroleum, refined petroleum. Whereas, the top exports from Philippines to Qatar & Kuwait includes bananas, aircrafts, and office Machine Parts.
Currently, Some of the top food export companies from Philippines are Cattleya & Rose Gourmet Foods Trading, Eng Seng Food Products, while C & H Cosmetics, Jegan SWE Enterprises and Greenstone Pharmaceutical are top cosmetics & personal care export companies from Philippines.
On the other hand, as per the Philippines import data, around 1.1 billion dollars imports from the UAE were recorded during FY 21-22. The top product imports by the Philippines from the UAE includes Crude, Refined and Petroleum Gas. The imports from UAE to Philippines are growing at the rate of 5% annually.
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