According to Food and Agriculture Organization of the United Nations, Aquaculture in the Philippines has a long history and involves many species and farming practices in diverse ecosystems. Most of the production comes from the farming of seaweed, milkfish, tilapia, shrimp, carp, oyster and mussel. Aquaculture contributes significantly to the country's food security, employment and foreign exchange earnings. Aquaculture is growing much faster than capture fisheries. However, the global position of the Philippines in aquaculture production has fallen steadily from 4th place in 1985 to 12th place today. The Philippines now contributes only a little over one percent of global farmed fish production compared to five percent previously.
The future growth of Philippine aquaculture may not be sustained unless new markets are developed, market competitiveness is strengthened and farming risks are reduced, In this age of international trade and competition, the Philippine aquaculture industry needs to plan and implement a development and management programme with a global perspective. The Philippine government and the private sector are in the process of preparing a national fisheries development plant which includes aquaculture.
Source: https://www.fao.org