The Philippine Coconut Industry The Philippine coconut industry is a key economic player in the country. The industry employs over 3.5 million Filipinos in various sectors such as farming, processing, and exportation. The country is one of the top coconut producers in the world, and its coconut products are widely popular in the global market. Coconut trees are abundant in the Philippines, with an estimated 12 million hectares of land dedicated to coconut plantations.