Highlights of the Foreign Trade Statistics for Agricultural Commodities : Philippines, 2017

Reference Number: 

2018-300

Release Date: 

Monday, November 12, 2018

Total Agricultural Trade reaches $18.34 billion

The total agricultural trade value of the Philippines rose by 13.5 percent or $18.34 billion in 2017 from the $16.15 billion registered in 2016. The total export revenue for all commodities, valued at $68.71 billion, increased by 19.7 percent from $57.41 billion a year ago.  Agricultural export manifested the same trend, expanding by 27.6 percent or $6.58 billion in 2017 compared with the $5.16 billion agricultural export during the previous year. Similarly, share of agricultural export to total export went up to 9.6 percent in 2017 from 9.0 percent in 2016.

Total import receipts, which amounted to $101.90 billion in 2017, posted an increase of 13.9 percent from its value of $89.44 billion in 2016. Agricultural import likewise posted a 4.0 percent increment in expenditures, from $11.00 billion in 2016 to $11.76 billion in 2017. The share of agricultural imports to total imports declined by 0.76 percentage points in 2017 (Table 1).

 

 

Agricultural Trade with Japan posts surplus of $756.10 million

Among the major trading partners, Japan and the European Union (EU), both posted a trade surplus of $756.10 million and $265.76 million, respectively, in 2017. Other major trading partners showed trade deficits as follows:  Australia with $684.60 million, USA with $1,163.79 million, and ASEAN also with $3,239.66 million.

 

Edible fruits and nuts; peel of citrus fruit or melon has the largest share to Total Agricultural Export

Total value of agricultural exports for the top 10 commodity groups reached $6.24 billion. This figure indicated a 94.8 percent share to the total agricultural export revenue in 2017 and an increase of 30.6 percent from the $4.78 billion value of agricultural exports for these commodity groups in 2016.

Among commodity groups, edible fruits and nuts; peel of citrus fruits or melon contributed the largest share of 26.7 percent or a value of $1,757.11 million. Export for this commodity grew by 38.9 percent in 2017, from $1,265.44 million value in 2016. Japan bought the bulk of this commodity group valued at $468.43 million or a share of 26.7 percent.

Animal or vegetable oils and their cleavage products; prepared edible fats; animal or vegetable waxes came second with 25.3 percent share to total agricultural exports or a value of $1,665.77 million in 2017. Export for this commodity went up by 40.4 percent, from its $1,186.54 million export value in the previous year. Netherlands, with a share of $677.05 million or 40.6 percent, was the major destination of this commodity group.

Preparation of vegetables, fruits, nuts or other parts of plants, which ranked third among the top 10 commodities in terms of agricultural exports, had a value of $630.12 million or a   9.6 percent share to total agricultural exports in 2017. It declined by 4.1 percent from a value of $656.89 million recorded in 2016. The bulk of these products was bought by the USA with a share of 40.4 percent or a value of $254.74 million.

Fish and crustaceans, molluscs and other aquatic invertebrates, valued at $555.30 million or a contribution of 8.4 percent to the total agricultural exports, placed fourth. It expanded by 16.2 percent from $477.95 million in 2016. Japan was the major destination of this export commodity with a value of $111.86 million or a share of 20.1 percent to total export for this commodity group.

Preparation of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates came fifth contributing 7.8 percent to total agricultural exports. Export of this commodity surged by 78.7 percent or $512.76 million in 2017, from a value of $287.02 million during the previous year. Export to the USA, valued at $128.94 million or a share of 25.2 percent to total export of this commodity, was the highest.

Completing the list of top 10 agricultural exports for 2017 were:

 
Tobacco and manufactured tobacco substitutes, $297.73 million, went up by 26.1 percent;
Sugars and sugar confectionery, $254.91 million, expanded by 95.2 percent;
Preparation of cereals, flour, starch or milk; pastry cooks’ products, $252.19 million, went up by 55.3 percent;
Lac; gums, resins and other vegetable saps and extracts, $162.79 million, dropped by 15.4 percent; and
Miscellaneous edible preparations, $150.81 million, dropped by 16.7 percent (Table 3 and 4).

                           

Cereals Commodity Group leads the commodities in terms of Value of Agricultural lmports

Among the major commodity groups, cereals was the top in terms of value of imports amounting to $1,801.11 million or a share of 15.3 percent in 2017. Import of this agricultural commodity increased by 8.3 percent compared with the $1,662.74 million import value for the commodity in 2016. The major portion of this commodity was bought from USA with a value of $696.59 million or 38.7 percent of the total imports of cereals.

Miscellaneous edible preparation ranked second with a share of 12.2 percent of the total agricultural imports or a value of $1,437.00 million. This agricultural commodity grew by 8.3 percent from the $1,326.67 million recorded value in 2016. Indonesia was the major destination of this commodity with imports valued at $355.94 million or a share of 24.8  percent.

Residues and waste from the food industries; prepared animal fodder placed third with a share of 12.2 percent to total agricultural imports. This agricultural commodity posted an import value of $1,432.45 million which indicates a decline of 2.2 percent from the import value of $1,465.29 million recorded in 2016. USA was the major source of imports of this commodity, accounting for 57.2 percent share to total agricultural imports or a value of $819.79 million.

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, which ranked fourth, had a share of 9.6 percent or an import value of $1,133.83 million in 2017. It grew by 26.8 percent over the $894.36 million recorded value in 2016. This imported product came mostly from Malaysia with a share of 52.5 percent or a value of $595.27 million.

Meat and edible offal came fifth with a total agricultural imports value of $1,100.43 million or a 3.4 percent share. Import of this commodity went up by 14.8 percent compared with the import value of $958.38 million in 2016. Major supplier of this commodity was the USA, contributing 17.5 percent of the total value of imports or a value of $192.70 million.

Completing the list of the top 10 commodities on agricultural imports for the year 2017 were the following:
Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included, $961.20 million went up by 11.4 percent;
Beverages, spirits and vinegar, $563.00 million, increased by almost 11.0 percent;
Fish and crustaceans; molluscs and other aquatic invertebrates, $534.11 million, rose by 31.8 percent;
Preparation of cereals, flour, starch or milk, pastry cooks’ products, with an import value of $428.03 million, went up by 9.8 percent; and
Sugar and sugar confectionery, $427.13 million, dropped by 28.6 percent; (Tables 5 and 6).

                 

Malaysia leads as trading partner in Exports and in Imports among ASEAN countries

The country’s agricultural exports to the ASEAN-member countries for the year 2017 amounted to $538.94 million, comprising a share of 5.3 percent to the total. Agricultural imports from ASEAN-member countries, on the other hand, was recorded at $3,778.61 million or a share of 14.2 percent to the total imports. Among the ASEAN-member countries, Malaysia was the top destination for agricultural export, representing a share of 32.1 percent or a value of $172.77 million. Similarly, inbound shipment of agricultural products from Malaysia reached to $872.82 million, accounting for 23.1 percent of the total agricultural imports.

         

Major agricultural commodities exported to the ASEAN member countries for the year 2017 were: Tobacco and manufactured tobacco substitutes, $165.94 million; preparation of cereals, flour, starch or milk; pastrycooks’ products, $83.29 million; animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $41.69 million; sugar and sugar confectionary, $36.85 million; and miscellaneous edible preparations, $28.51 million.

On the other hand, top major imports of agricultural goods from the ASEAN member countries were: animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $1,073.67 million; miscellaneous edible preparations, $972.86 million; cereals, $379.40 million; preparation of cereals, flour, starch or milk; pastrycooks’ products, $309.07 million; and beverages, spirits and vinegar, $210.04 million (Table7 and 8).

Netherlands and Germany were the country’s top trading partners among EU member countries

Exports of agricultural goods to EU member countries in 2017 reached $1,566.51 million or a share of 16.3 percent of the country’s total exports. On the other hand, agricultural imports from EU member countries amounted to $1,300.75 million, representing an 18.4 percent share to total imports.  Netherlands was the country’s top buyer of agricultural commodities among the EU member countries with exports amounting to $783.41 million or a share of 50.0 percent. On the other hand, Germany was the country’s top supplier of agricultural commodities among EU member countries with imports reaching $260.52 million.

 

Leading major agricultural exports to the EU member countries for the year 2017 were:

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $833.75 million;
Preparation of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates, $272.02 million;
Preparation of vegetables, fruit, nut and other parts of plants, $125.18 million;
Edible fruit and nuts; peel of citrus fruits or melons, $119.76 million;  and
Fish and crustaceans, molluscs and other aquatic invertebrates, $90.28 million.

Top major import commodities from the EU-member countries were:

Meat and edible meat offal, $458.84 million;
Dairy products; bird’s eggs; natural honey; edible products of animal origin, not elsewhere specified or        included, $219.58 million;
Residues and waste from the food industries; prepared animal fodder, $180.15 million; 
Beverages, spirits and vinegar, 72.61 million;  and
•  Preparation of vegetables, fruit, nuts or other parts of plants, $70.86 million.

 

               

 

EXPLANATORY NOTES

 

This Special Release (SR) features the Agricultural Foreign Trade Statistics of the Philippines for the year 2017.  The total agricultural exports and imports stated in this report are generated from the monthly Merchandise Export and Import for the country for the period January to December 2017.

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/

 

 

 

 ROSALINDA P. BAUTISTA
 (Director II)
 Officer-in-Charge
 Sectoral Statistics Office

 

 

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

 

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