Philippines to Surpass China in Rice Imports for 2023

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Economics News

Philippines,China,Rice Imports

The Philippines is projected to import 3.8 million metric tons of rice in 2023, surpassing China's 3.5 million metric tons. This is attributed to the country's sluggish manufacturing sector and the effects of the Rice Tariffication Law.

The Philippines is expected to surpass China in rice imports for 2023, with 3.8 million metric tons compared to China's 3.5 million metric tons. This is due to the sluggish manufacturing sector in the Philippines and the impact of the Rice Tariffication Law passed in 2019.

 

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