Total External Trade for Agricultural Commodities reaches $16.482 billion in 2015
The Philippine agricultural external trade performance has slightly improved by 0.15 percent in 2015 to $16.482 billion from $16.457 billion in 2014.
Total export receipts for all commodities went down by 5.3 percent in 2015. Agricultural exports also followed this trend, decreasing by 21.6 percent from $6.578 billion in 2014 to $5.157 billion in 2015. Correspondingly, share of agricultural exports to total exports fell by 10.6 percent in 2014 to 8.8 percent in 2015.
Meanwhile, total imports for all commodities rose by 8.8 percent in 2015. Agricultural imports also went up by 14.6 percent to $11.324 billion in 2015 from $9.879 billion in 2014.
The share of agricultural imports to total imports improved by 15.2 percent in 2015 from 14.4 percent in 2014 (Table 1).
The country’s agricultural balance of trade, however, showed a $6.167 billion deficit, higher than the $3.301 billion deficit in 2014.
Japan posted trade surplus in 2015
Among the major trading partners, Japan recorded a trade surplus at $478.890 million in 2015. This declined by 41.0 percent from $812.28 million trade surplus in 2014.
Other major trading partners were Australia with trade deficit of $451.85 million; USA with $1.028 billion trade deficit; ASEAN and EU with $2.876 billion and $191.48 million trade deficit, respectively (Table 2).
Coconut leads as top agricultural export commodity
Among the commodity groups, total value of food and live animals exports for 2015 posted the highest value reaching $3.220 billion. However, it registered a negative growth by 24.9 percent from $4.288 billion in 2014 (Table 3).
Coconut oil (crude and refined) with 21.9 percent share to total agricultural exports ranked first among the top ten Philippine agricultural exports. It posted a decrease of 6.2 percent from $1.203 billion in 2014 to $1.129 billion in 2015. Export of coconut oil to USA reached $534.68 million or 47.4 percent share to total coconut oil exports (Table 4).
Bananas, fresh ranked second with 12.8 percent share. It went down by 41.8 percent from $1.130 billion during same period a year ago to $657.87 million in 2015. Total fresh banana exports to Japan accounted for 42.1 percent of the total banana export or amounting to $277.27 million in 2015 (Table 5).
Pineapple and its products which ranked third, comprised 11.1 percent of the total agricultural exports, and grew by 32.0 percent to $574.24 million in 2015 from $434.99 million in 2014. Outward shipment of this product went to USA, amounting to $228.44 million in 2015.
Tuna, ranked fourth, recorded a 5.7 percent share to total exports and fell by 34.3 percent from $446.65 million worth of agricultural exports to $293.34 million recorded value in 2015. Around 21.1 percent of the total tuna production worth $61.99 million were exported to USA.
Tobacco manufactured ranked fifth with 4.0 percent share to the total agricultural exports worth $207.61 million, lower by 36.1 percent from $325.06 million in 2014. More than 40.0 percent of total value of tobacco manufactured in the Philippines was exported to Thailand.
Rounding up the list of top ten agricultural exports for 2015 were: Seaweeds and Carrageenan, $202.60 million, dropped by 21.0 percent; Desiccated coconut, $160.05 million, decreased by 37.0 percent; Tobacco unmanufactured, $101.03 million, contracted by 17.1 percent; Milk and cream and products, $84.04 million, went up by 18.3 percent; and Copra oil cake, $70.42 million or a decrease of 37.1 percent. Exports of these products were mostly destined to USA, Republic of Korea and Malaysia (Table 4 and 5).
Wheat and meslin lead as top agricultural import commodity
Among the commodity groups, the highest total import value was food and live animals. Imports of this product for 2015 reached $8.413 billion, registering a positive growth of 15.1 percent from $7.307 billion in 2014 (Table 6).
Wheat (including spelt) and meslin with 11.7 percent share to total value of agricultural imports ranked first among the top ten Philippine agricultural imports. It posted an increase by 28.0 percent to $1.319 billion in 2015 from $1.030 billion in 2014. Inward shipments of this product come mostly from USA accounting for 48.6 percent (Table 7).
Soya bean oil/cake meal ranked second with 7.8 percent share to total value of agricultural imports. It went down by 8.5 percent from $971.14 million in the same period of previous year worth $888.40 million in 2015. This product was sourced from USA accounting for 77.3 percent of the total value of imports of soya bean oil/cake meal.
Milk, cream and related products which ranked third, comprised 5.7 percent of the total agricultural imports. It fell by 15.4 percent from $761.27 million in 2014 to $643.73 million in 2015. New Zealand was the top country that supply milk, cream and related products to the Philippines with 30.2 percent of the total value of imports of this product.
Rice, ranked fourth, recording a 5.4 percent share worth $615.70 million worth of agricultural imports. It rose by 35.7 percent from $453.77 million recorded value in 2014. Rice was heavily imported from Vietnam accounting for more than 50 percent.
Frozen meat of bovine animals ranked fifth with 2.9 percent share of the total value of agricultural imports worth $323.43 million, lower by 3.8 percent from $336.28 million in 2014. Import payments to India for this commodity accounted for 37.3 percent.
Rounding up the list for the top ten agricultural imports for 2015 were: Fertilizer manufactured, $319.47 million, decreased by 10.3 percent; Coffee, $298.13 million, increased by 21.0 percent; Urea, $206.75 million, contracted by 18.7 percent; Tobacco unmanufactured, $204.27 million, went up by 52.1 percent; and Cocoa, $199.69 million or an increase of 80.3 percent. People’s Republic of China, Indonesia, India and Switzerland were among the major countries of supplier of these products (Table 7 and 8).
TRADING WITH ASEAN MEMBER COUNTRIES
The country’s agricultural exports with the ASEAN-member countries for 2015 totaled $524.77 million or 6.0 percent share of the total export receipts to ASEAN. Similarly, total agricultural imports from ASEAN-member countries accounted for $3.400 billion or 18.1 percent share of the total import from ASEAN. Among the ASEAN-member countries, Thailand was the country’s top trading partner in terms agricultural exports with $157.46 million or 30.0 percent of the total agricultural export receipts. While, Indonesia was the country’s top trading partner in terms of agricultural imports valued at $791.87 million or a 23.3 percent share to total agricultural import payment from ASEAN.
Major agricultural goods exported to the ASEAN-member countries in 2015 were: Tobacco and tobacco manufactures $161.29 million; Dairy products and birds eggs, $58.468 million; Vegetables and fruits, $51.20 million; Miscellaneous edible products and preparations, $47.84 million; and Crude rubber, $33.85 million.
Top five imported major agricultural goods from the ASEAN-member countries were: Cereals and Cereals Preparations, $843.20 million; Miscellaneous edible products and preparations, $611.35 million; Coffee, tea, cocoa, spices and manufactures thereof, $457.32 million; Animal and vegetable oils and fats, $439.14 million; and Fixed Vegetable oil and fats, $203.64 million (Table 9 and 10).
TOTAL TRADE WITH EU MEMBER COUNTRIES
Total agricultural exported goods with EU-member countries for 2015 amounted to $995.45 million or 13.9 percent of the country’s total exports. Agricultural imports from EU-member countries were valued at $1.187 billion or 16.9 percent share to total imports of EU-member countries. Netherlands was the country’s top trading partner among the EU-member countries with agricultural exports amounting to $485.34 million or 48.8 percent of the total agricultural exports to EU. On the other hand, Germany was the top trading partner of the country in terms of agricultural imports sharing 23.9 percent of the total agricultural imports from EU.
This Special Release (SR) features the Agricultural Foreign Trade Statistics of the Philippines for the year 2015. The total agricultural exports and imports stated in this report are generated from all final tables of the monthly Merchandise Export Performance and consolidated monthly External Trade Performances for the country in 2015.
The commodities are classified in accordance with the ten-digit 2004 Philippine Standard Commodity Classification (PSCC). The agricultural commodity groups are from chapters 1 to 24 and selected commodities of chapters 84 and 85 of the 2004 PSCC. Chapter 1 to 24 relates to live animals, vegetables, fats, oils and waxes, foodstuffs, vinegar, tobacco (manufactured and unmanufactured) while selected commodities of Chapters 84 and 85 pertains to agricultural machinery and equipment.
However, agricultural commodities as presented in this SR are still grouped in accordance with the 1999 PSCC at the seven digit levels as to be consistent with the 2014 agricultural data publication.
In the coming 2016 agricultural commodity exports and imports, however, these shall be presented by chapter and Harmonized System (HS) grouping of the 2004 PSCC.
FOR THE NATIONAL STATISTICIAN: