Push Admin

E-commerce sales in PH may reach $24 billion by 2025: USDA

Article (news)

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="A Filipino consumer using his mobile phone to shop for essentials during the community quarantine period in the Philippines. Alex Corpuz, ABS-CBN News/File" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/life/10/16/20201009-online-shopping-ac-55-2.jpg"/><figcaption>A Filipino consumer using his mobile phone to shop for essentials during the community quarantine period in the Philippines. <em>Alex Corpuz, ABS-CBN News/File</em></figcaption></figure></div><p>MANILA -- E-commerce sales in the Philippines may hit $24 billion by 2025, the United States Department of Agriculture (USDA) said.</p><p>The USDA&#x27;s Philippine market brief also said that overall e-commerce sales in the Philippines are expected to grow at a compound annual growth rate of nine percent.</p><p>The agency noted that cross-border online sales of food and beverages grew in the aftermath of the COVID-19 pandemic. It said the pandemic spurred Filipinos to find ways of buying imported goods directly.</p><p>The report added that half of the more than 70 million online users in the country participate in cross-border e-commerce. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/18/21/1-in-2-filipinos-shopped-online-for-first-time-in-2020-amid-pandemic-visa-study">1 in 2 Filipinos shopped online for first time in 2020 amid pandemic: VISA study</a></li>	<li><a href="https://news.abs-cbn.com/life/10/14/20/how-online-shopping-behavior-of-filipinos-changed-during-pandemic">How online shopping behavior of Filipinos changed during pandemic</a></li>	<li><a href="https://news.abs-cbn.com/business/11/27/20/e-commerce-seen-driving-ph-internet-economy-to-28-billion-by-2025-google">E-commerce seen driving PH internet economy to $28 billion by 2025: Google</a></li></ul><p>The USDA said their Food Agricultural Service office in Manila expects <br/>purchases of food and beverage products through cross-border e-commerce may quadruple to $5 million in 2025, from almost $1 million in 2022.</p><p>Among the most-bought items by Filipinos in 2022 were food supplements, baked goods, chocolates, confectionery, and pet food.</p><p>The agency Filipinos who usually buy US-made food and beverage products do so through online platforms like Amazon and iHerb.</p><p>The USDA said suppliers looking to sell to Filipinos can use social media platforms like Facebook and Instagram, or even via email.</p><p>&quot;By having a strong presence on social media, U.S. suppliers can establish themselves as trusted and reliable brands and gain a competitive edge,&quot; it said. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/13/21/filipinos-prefer-convenience-live-selling-when-shopping-online-facebook-study">Filipinos prefer &#x27;convenience&#x27;, live selling, when shopping online: Facebook study</a></li></ul><div><strong>RELATED STORY:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/GQVv_6Uyvi8?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

E-commerce sales in the Philippines may hit $24 billion by 2025. 