The Philippine food export industry raked in $597.34 million worth of revenues during the recently concluded Chinese International Import Expo (CIIE) in Shanghai, China, the Department of Trade and Industry (DTI) reported on Wednesday.
In a news statement, the trade department said this is 29.3 percent better than the onsite export sales of $462 million in previous year’s CIIE.
Bulk or $575.03 million of the export deals came from memorandum of understanding sales. The remaining was earned from business matching activities organized by the department.
“This year’s results show the continuously growing trade relationship between the Philippines and China. We are grateful to have the opportunity to showcase outstanding Filipino food products in the international market and are looking forward to expanding this relationship in other industries,” DTI Undersecretary for Trade Promotions Group (TPG) Abdulgani Macatoman said.
The country’s pavilion in the expo hosted 40 firms that offered tropical fruits, processed fruits and vegetables, healthy snacks, seafood and marine products and other premium food products.
The delegation was represented under the FOODPhilippines signature brand of Center for International Trade Expositions and Missions (CITEM).
“The Philippines is a great sourcing destination for food products because of its diverse agricultural landscapes and rich gastronomy. Especially with this pandemic, the demand for healthy products is high and the country is poised to be a leader in this category,” CITEM Executive Director Pauline Suaco-Juan said.
“Our promotion of Philippine food to China and other countries does not end with our participation in CIIE. We are continuously promoting our export products 24/7, anytime anywhere through IFEXConnect.cn, our B2B platform for food exporters, and FOODPhilippines.cn, our community platform for Filipino food,” she added.
The CIIE participation by the Philippine delegation was supported by the Foreign Trade Service Corps through the Philippine Trade and Investment Centers in Beijing, Shanghai, Guangzhou, and Hong Kong, Export Marketing Bureau and Liwayway Corp.
The delegation includes the Department of Agriculture, Department of Tourism, Philippine Exporters Confederation Inc. and the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc.
Among the participating firms are AG Grays Farm, Agrinurture Inc., Avante Agri-Products Philippines Inc., B&C Healthy Snack Foods Inc., Castillo Import Export Ventures Inc., Century International (China) Co., CJ Uniworld Corp., Century Pacific Agricultural Ventures Inc., DOLE Asia Holdings Pte. Ltd; DOLE Packaged Foods (Shanghai) Co. Ltd, Eau de Coco, Eng Seng Food Products, Excellent Quality Goods Supply Co., Fisher Farms and Gerb Golden Hands Trading.
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