Highlights of the Foreign Trade Statistics for Agricultural Commodities : Philippines, Third Quarter 2019

Reference Number: 

2020-007

Release Date: 

Friday, January 10, 2020

 

 

A. Total Agricultural Trade

 

Total agricultural trade amounts to USD5.06 billion

The total agricultural trade of the Philippines for the third quarter of 2019 amounted to USD5.06 billion. It dropped by almost 3.0 percent compared with the USD5.22 billion total agricultural trade in the same period of 2018. Of the total agricultural trade, USD1.58 billion or 31.3 percent were agricultural exports and USD3.48 billion were agricultural imports. Moreover, the percentage share of agricultural trade to total trade in the third quarter of 2019 accounted for 11.0 percent.  (Figure 1 and Table 1)

Figure 1

                                                                                                 

B. Agricultural Export

 

1. Agricultural export increases by 3.8 percent

The country’s agricultural export rose to USD1.58 billion or by 3.8 percent in the third  quarter of 2019,  from USD1.53 billion agricultural export during the same period of the previous year. Furthermore, it reflected a share of 8.6 percent to total export in the third quarter of 2019. (Figure 1 and Table 1) 

2. Agricultural export of edible fruit and nuts; peel of citrus fruit melons commodity group accounts for the largest share to total agricultural exports

The total value of agricultural exports of the top 10 commodity groups reached USD1.53 billion or 96.5 percent of the total agricultural export revenue in the third quarter of 2019. Combined export value of these top 10 commodity groups posted an annual growth of 6.4 percent, from USD1.44 billion in the same period of 2018. 

Among the commodity groups, edible fruit and nuts; peel of citrus fruit or melons, valued at USD648.09 million, accounted for the largest share of 40.9 percent to the total agricultural exports. Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes placed second with a share of 13.0 percent to the total agricultural exports. Preparations of vegetables, fruit, nuts or other parts of plants ranked third, which accounted for 11.6 percent of the total agricultural exports.  (Figure 2 and Tables 2 and 3)

Figure 2

 

3. Malaysia leads as trading partner in exports among ASEAN member countries

The country’s agricultural exports to the ASEAN member countries in the third quarter of 2019 reached USD160.38 million, which accounted for 6.0 percent of the total exports. Among the ASEAN member countries, Malaysia was the top destination of agricultural exports worth USD40.88 million or a share of 25.5 percent to the total exports. It was followed by Thailand with exports amounting to USD37.69 million and Vietnam, USD27.15 million. (Figure 3 and Table 6)

Figure 3

                                                             

4. Tobacco and manufactured tobacco substitutes led export of agricultural commodities to ASEAN member countries

The top three major agricultural commodities exported to the ASEAN member countries in the third quarter of 2019 were tobacco and manufactured tobacco substitutes, USD69.32 million; edible fruit and nuts; peel of citrus fruit melons, USD13.1million; and  animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, USD12.62 million.  (Table 7)

 

5. Netherlands is the country’s major trading partner in export among EU member countries

Exports of agricultural goods to EU member countries in the third quarter of 2019 amounted to USD265.39 million or a share of 12.5 percent to the country’s total exports. Among the EU member countries, Netherlands was the country’s top buyer of agricultural commodities. This was followed by Germany with exports value of  USD30.07 million and UK Great Britain and Northern Ireland, USD25.14 million. (Figure 4 and Table 8)

Figure 4

 

6. Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes commodity group is the top export agricultural commodity to EU member countries

The top three major agricultural commodities exported to the EU member countries for the third quarter of 2019 were:

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, USD110.07 million;
Preparations of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates, USD50.94 million;
Preparation of vegetables, fruit, nuts or other parts of plants, USD35.40 million; (Table 9)

 

            

C. Agricultural Import 

 

1. Agricultural import posts a decrease of 5.7 percent

Agricultural import amounts to USD3.48  billion in the third quarter of 2019. It posted a 5.7 percent decrement from the USD3.69 billion expenditure incurred in the same period of 2018. The share of agricultural import to total import was 12.6 percent, which reflected a 0.3 percentage point in the third quarter of 2019. (Table 1)

 

2. Cereals commodity group leads in terms of value of agricultural imports

Among the major commodity groups, cereals with a value USD689.31 million or a share of 19.8 percent to the total agricultural imports was the highest in terms of value of imports in the third quarter of 2019. Residues and waste from the food industries; prepared animal fodder placed second with a 12.6 percent share to the total agricultural imports. Miscellaneous edible preparations ranked  third, which accounted for 12.1 percent of the total agricultural imports. (Figure 5 and Tables 4 and 5)

Figure 5

 

3. Among the Philippine's trading partner in ASEAN member countries, Vietnam accounts for the highest import value

The country’s agricultural imports from ASEAN member countries in the third quarter of 2019 reached USD1,202.69 million which accounted for 15.6 percent of the total imports. Among the ASEAN member countries, Vietnam, which contributed 29.6 percent was the major supplier of agricultural products in the third quarter of 2019. This was followed by Indonesia, with USD315.85 million and Thailand, with USD193.53 million. (Figure 6 and Table 7)

Figure 6

 

4. Miscelaneous edible preparations commodity group leads import of agricultural commodities from ASEAN member countries

The top three imported agricultural goods from ASEAN member countries were miscellaneous edible preparations, USD299.76 million; cereals, USD275.56 million; preparation of cereals, flour, starch or milk; pastrycooks’ products, USD95.73 million. (Table 8)

 

5. Netherlands leads EU member countries on agricultural imports

The country’s agricultural imports from EU member countries amounted to USD414.79 million or a share of 17.8 percent to total imports, in the third quarter of 2019. Among EU member countries, Netherlands was the country’s top supplier of agricultural commodities which amounted to USD80.13 million or 19.3 percent of total imports. (Figure 7 and Table 9)
 

Figure 7                                                                                              

 

6. Meat and edible meat offal commodity group ranks first in terms of import to EU member countries

The top three agricultural commodities imported from EU member countries were:

•  Meat and edible meat offal, USD128.98 million;
•  Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included, USD73.59 million;
•  Residues and waste from the food industries; prepared animal fodder, USD45.81 million. (Table 10)

 

 

 

 

    ROSALINDA P. BAUTISTA
    Assistant Secretary
    Deputy National Statistician
    Sectoral Statistics Office

 


 

EXPLANATORY NOTES

 

This Special Release (SR) presents the Agricultural Foreign Trade Statistics of the Philippines for the third quarter of 2019.  The total agricultural exports and imports stated in this report are generated from the monthly Merchandise Export and Import of the country for the period July to September 2019.

The commodities are classified in accordance with the ten-digit 2015 Philippine Standard Commodity Classification (PSCC). The agricultural commodity groups are from chapters 1 to 24 of the 2015 PSCC.  Chapter 1 to 24 relates to commodity classifications for live animals, meat and edible meat offal, fish and crustaceans, molluscs and other aquatic invertebrates, dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere classified, products of animal origin, not elsewhere specified or included, vegetables products, edible vegetables and certain roots and tubers, edible fruit and nuts; peel of citrus fruit melons, coffee, tea, mate and spices, cereals, malt, starches, inulin, wheat gluten, oil seeds and oleaginous fruits, miscellaneous grains, seeds and fruit, industrial or medicinal plants, straw and fodder, lac, gums, resins, gum-resins and oleoresins, vegetable plaiting materials, animal or vegetable fats and oils, waxes, prepared foodstuffs, beverages, spirits, vinegar and tobacco (manufactured and unmanufactured).

The valuation used for foreign trade of agricultural commodities adopts the WTO agreement on customs valuation and this applies to both imports and exports. Exports of agricultural commodities utilized the free on board (FOB) value, also known as the cost of goods. It is the value of the goods free on board the carrier at the frontier of the exporting country. It includes inland freight, export duty and other expenses. Ocean freight, insurance and consular fees, however, are excluded. On the other hand, imports of agricultural commodities use the cost of insurance and freight (CIF) values which include the transaction value of the goods, the value of services performed to deliver goods to the border of the exporting country and the value of services performed to deliver the goods from the border of the exporting country to the border of the importing country.1/

 

 
 
1/ Source: IMTS Concepts and Definitions 2010, page 40 Chapter 4. The value of transaction is expressed in US dollar.

 

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