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

Reference Number: 

2017-156

Release Date: 

Tuesday, July 11, 2017

 

 

Total agricultural trade reaches $4.133 billion in the first quarter of 2017

The Philippine external total trade for agricultural commodities went up by 11.4 percent in the first quarter of 2017 reaching $4.133 billion from $3.710 billion in the same period of 2016.

Total export receipts for all commodities accelerated by 16.3 percent   during   the  first  quarter of 2017.  Likewise, agricultural exports expanded by 21.3 percent to $1.378 billion in the first quarter of 2017 from $1.136 billion during the same period in 2016. Meanwhile, share of agricultural exports to total exports increased by 8.9 percent in the first quarter 2017 from 8.5 percent during the same period in 2016.

                                                               

Moreover, total imports for all commodities posted an improvement of 13.6 percent in the first quarter of 2017. Following the trend of total imports, agricultural imports increased by 7.0 percent to $2.76 billion during the first quarter of 2017 from $2.57 billion in the same period of last year.  

Agricultural imports to total imports reflected an 11.8 percent share in the first quarter of 2017 compared with 12.5 percent share in the first quarter of previous year.

Correspondingly, the country’s agricultural balance of trade reflected a $1.38 billion deficit, lower by 4.3 percent from $1.44 billion deficit in the first quarter of 2016 (Table 1).

 

European Union posts largest agricultural trade surplus of agricultural commodities

Among the major trading partners for agricultural commodities, European Union  accounted for the highest trade surplus of $151.40 million in the first quarter of 2017. This is translated to an increase of 619.5 percent from the $29.14 million deficit posted in the first quarter of 2016.

Other major trading partners for agricultural commodities were Japan, with a trade surplus of $111.17 million; Australia with trade deficit of $187.89 million; USA with trade deficit of $246.12 million and ASEAN with $811.56 million trade deficit (Table 2).

                  

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes tops agricultural commodity export

Among the commodity groups, export of animal or vegetable oils and their cleavage products; prepared  edible  fats;  animal  or  vegetable  waxes,  accounting  for the highest percent share of 37.9 percent, posted an amount to $522.94 million. It accelerated by 164.0 percent from the $198.10 million registered during the same quarter of 2016. Major market of this commodity was Netherlands with a 44.9 percent share to the total agricultural exports.

Edible fruits and nuts; peel of citrus fruits or melons with 16.1 percent share placed second among the top ten Philippine  agricultural  exports.  It declined by 6.6 percent from $238.17 million in the first quarter of 2016 to $222.36 million in the same quarter of this year. Moreover, Japan was the major market valued at $57.45 million accounting for 25.83 percent share to total exports of this agricultural commodity.

Preparation of vegetables, fruits, nuts or other parts of plants ranked third with a share of 10.0 percent to top ten agricultural exports. It decreased by 23.4 percent from $179.45 million in the first quarter of 2016 to $137.37 million in the same quarter of 2017. Export of this agricultural commodity to the USA accounted for 43.7 percent valued at $59.97 million in the first quarter of 2017.

Preparation of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates ranking fourth, posted a share of almost 7.0 percent of the total agricultural exports. It reflected a growth of 69.6 percent to $95.89 million in the first quarter of 2017 from $56.55 million during the same  period  of  last  year. Germany was the largest market of this commodity valued at  $19.80 million.

Fish and crustaceans, molluscs and other aquatic invertebrates ranked fifth accounting for 6.5 percent of total agricultural exports, registered a 3.4 percent increment during the first quarter of 2017 to $89.90 million from $86.97 million in 2016. The bulk of exports of this product went to Hongkong valued at $22.13 million.

Completing the  list  of  top ten agricultural exports  for the first quarter of 2017  were:  preparation of cereals, flour, starch or milk; pastry cooks’ products, $69.69 million, rose by 187.7 percent,  tobacco and manufactured tobacco substitutes, $52.05 million, decreased by 12.1 percent; Lac; gums, resins and other vegetable saps and extracts,  $39.72 million, declined  by 16.1 percent; Sugars and sugar confectionary, $33.55 million, contracted by 66.2 percent and Miscellaneous edible preparations, $33.04 million, went down by 27.8 percent (Table 3 and 4).

                           

Cereals leads the list of agricultural import commodities

Among the major commodity groups, cereals topped the list of agricultural imports with value of $530.18 million. Import of this agricultural commodity grew by almost 20.9 percent during the first quarter of 2017 from $438.60 million during the same period in 2016 (Table 5). Moreover, this commodity was imported mostly from the USA valued at $173.15 million (Table 6).

Miscellaneous edible preparation came in second accounting for an 11.7 percent share to total agricultural imports. This commodity contracted by 1.2 percent at $322.83 million during the first quarter of 2017 compared with $326.66 million in the same period of 2016. It came mostly from Indonesia accounting for 25.6 percent of the total imports of this agricultural commodity.

Residues and waste from the food industries; prepared animal fodder ranked third with a percent share of 11.1 percent. Import of this agricultural commodity was valued at $305.15 million and declined by 15.2 percent from the $359.95 million registered in the first quarter of 2016.  USA was the top supplier of this product accounting for a 69.4 percent share to total agricultural imports

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes ranked fourth, with a 9.1 percent share of the total agricultural imports. This commodity manifested a growth of 36.6 percent amounting to $307.49 million in the first quarter of 2017 from $183.02 million during the same period in 2016. Malaysia was the top supplier  comprising more than half or 53.7 percent of  the total value of imports of this commodity.      

Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included placed fifth, accounting for 8.6 percent of imports  at $236.10 million in the first quarter of 2017. It increased by 10.6 percent from the $213.41 million registered in the same period of 2016. This product was heavily imported from New Zealand with 48.4 percent share.

Completing the list for the top ten agricultural imports for the first quarter of 2017 were the following: meat and edible offal, $207.82 registering a negative growth of 0.2 percent; fish and crustaceans; molluscs and other aquatic invertebrates, $140.42 million, accelerated by 47.3 percent;  sugars and sugar confectionary, $126.99 million, decreased by 11.4 percent; beverages, spirits and vinegar, $108.42 million, improved by 0.4 percent; and preparation of cereals, flour, starch or milk, pastrycooks’ products, with import value of $86.82 million grew by 3.1 percent (Tables 5 and 6).

                 

Export to ASEAN member countries sum up to $122.70 million

The country’s agricultural exports to ASEAN member countries for the first quarter of 2017 reached $122.70 million accounting for 5.2 percent share of the total export receipts of the country. However, total agricultural imports from ASEAN member countries  during the same period was valued at  $934.27 million, with a share of 15.2 percent of the total imports. Among the ASEAN-member countries, export to Malaysia accounted for the highest value at $43.47 million or 35.4 percent of the total agricultural exports. On the other hand, Indonesia was the top agricultural commodity importer valued at $253.13 million or a share of 27.1 percent of the  total agricultural imports payment from ASEAN.

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.

             

The top five (5) agricultural goods exported to the ASEAN-member countries in the first quarter of 2017 were the following: Tobacco and manufactured tobacco substitutes, $32.48 million; Preparation of cereals, flour, starch or milk, $27.66 million; Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $11.12 million; Cocoa and cocoa preparations, $5.97 million and .Lacs; gums, resins and other vegetables saps and extracts, $5.36 million.

On the other hand, the top five (5) imported major agricultural commodities from the ASEAN-member countries were: Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $237.36 million, Miscellaneous edible preparations, $224.16 million; Cereals, $172.56 million, Preparation of cereals, flour, starch or milk; pastrycooks’ products, $61.62 million and Sugars and sugar confectionary, $48.01 million (Table 7 and 8).

 

Exports to EU-member countries reach $410.60 million

Export of agricultural goods to EU member countries for the first quarter of 2017 amounted to $410.60 million or 17.1 percent  of   the  country’s total exports. On the other hand, inward shipment of agricultural commodities from EU member reached $259.20 million or a share of 16.7 percent of total imports. Netherlands  was the  country’s  top  trading  partner  among  the EU-member countries with agricultural exports amounting to $255.31 million or 62.2 percent of the total agricultural exports to EU. On the other hand, Germany led the EU-member countries in terms of agricultural imports valued at $54.66 million accounting for 21.1 percent of the total agricultural imports from EU.

                    

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes with a reported export value of $246.56 million led the top agricultural exports to the EU-member countries in the first quarter of 2017. It was followed by the following: preparations of meat, of fish or of crustaceans, molluscs and other aquatic invertebrates, $50.82 million; preparations of vegetables, fruits, nuts or other parts of plants, $23.81 million; Edible fruits and nuts; peel of citrus fruits or melons, $19.90  million; and Lac; gums, resins and other vegetable saps and extracts,  $11.54  million.

Similarly, the top five  major  import commodities from the EU-member countries were: Meat and edible meat offal, $91.13 million; Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included, $44.58 million; residues and waste from the food industries; prepared animal fodder, $33.94 million; Preparations of vegetables, fruits, nuts or other parts of plants, $17.16 million and Miscellaneous edible preparations, $14.35 million (Table 9 and 10).

 

 

 

 

 

Technical Notes

 

This Special Release (SR) features the Agricultural Foreign Trade Statistics of the Philippines for the first quarter of 2017. Data are presented at the 2-digit level of the 2015 Philippine Standard Commodity Classification (PSCC). The total agricultural exports and imports stated in this report are generated from all final tables of the monthly Merchandise Export and Import for the country in January to March 2017.

 

The commodities are classified in accordance with the ten-digit 2015 PSCC. The agricultural commodity groups are from chapters 01 to 24 of the 2015 PSCC. Chapter 1 to 24 relates to the commodity classifications for agriculture which consists of live animals, vegetables, fats, oils and waxes, foodstuffs, vinegar, tobacco (manufactured and unmanufactured).

 

 

 

 LISA GRACE S. BERSALES, Ph.D.
 Undersecretary
 National Statistician and Civil Registrar General

 

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