Stable with slight increase of 3% compared to 2021
Special Rates
ASEAN Free Trade Area (AFTA) rate
1% ad valorem
Applicable if imported from ASEAN member countries under the ASEAN Trade in Goods Agreement (ATIGA) with proper Certificate of Origin
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Peanut Exports to Philippines Amid Rising Demand
The United States has seen a significant uptick in peanut exports to the Philippines, driven by growing demand for raw peanuts in the Filipino snack and confectionery industries. Trade data indicates a 20% increase in shipments of ground-nuts (HS Code: 1202) compared to last year.
October 15, 2023
Impact: This surge strengthens US-Philippines trade relations and boosts revenue for American peanut farmers, though it may increase competition for local Philippine producers.
Philippines Imposes Stricter Quality Checks on US Peanut Imports
The Philippine Department of Agriculture has introduced stricter quality and safety inspections for imported peanuts from the US to prevent aflatoxin contamination, affecting shipments under HS Code 1202.
September 5, 2023
Impact: While this ensures consumer safety, it could lead to delays and higher compliance costs for US exporters, potentially slowing trade flows temporarily.
During recent bilateral trade discussions, the US pushed for better market access for its peanut exports (HS Code: 1202) to the Philippines, citing mutual economic benefits and addressing non-tariff barriers.
August 20, 2023
Impact: Improved market access could lead to higher US peanut exports, benefiting American producers and providing Philippine consumers with more supply options.
Policy Updates
Philippines Updates Import Tariff on Raw Peanuts
The Philippine government has reduced the import tariff on raw peanuts (HS Code: 1202) from 7% to 5% under the ASEAN-US trade framework, aiming to encourage imports and stabilize local supply for food processing industries.
