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

Reference Number: 

2019-176

Release Date: 

Friday, June 21, 2019

 

Total agricultural trade amounts to $5.06 billion

The total agricultural trade of the Philippines valued at $5.06 billion in the first quarter of 2019, increased by 9.9 percent compared with the $4.60 billion total agricultural trade in the same period of 2018. The total export revenue for all commodities, amounting to $16.41 billion, slid by 2.9 percent from the $16.91 billion in the first quarter of 2018.  On the other hand, agricultural export reflected an increase of 0.6 percent or $1.50 billion in the first quarter of 2019 from the $1.49 billion during the same period of the previous year. Similarly, the share of agricultural export to total export went up by 0.3 percentage points in the first quarter of 2019.

The total import bills, which amounted to $27.64 billion in the first quarter of 2019, went up by 4.7 percent from its value of $26.39 billion in the same period of 2018. Agricultural import expenditures of $3.56 billion in the first quarter of 2019, likewise, posted a 14.4 percent increase from the $3.11 billion in the same period of 2018. The share of agricultural imports to total imports went up by 1.1 percentage points during the quarter (Table 1).

 

Agricultural trade with Japan reflects surplus of $230.59 million

Among the major trading partners, Japan posted a trade surplus of $230.59 million in the first quarter of 2019. However, other major trading partners showed trade deficits, as follows:  Australia with $177.18 million, USA with $489.81 million, ASEAN  with $1,030.53 million and EU Member countries with $165.25 million.

 

         

Edible fruits and nuts; peel of citrus fruit melons commodity group accounts for  the largest share to total agricultural export

The total value of agricultural exports of the top 10 commodity groups amounted to $1.41 billion or 94.3 percent of the total agricultural export revenue in the first quarter of 2019. Export value of these top 10 commodity groups went up by 2.2 percent from the $1.38 billion in the same period of 2018.

Among the commodity groups, edible fruit and nuts; peel of citrus fruit melons valued at $611.57 million, accounted for the largest share of 40.9 percent of the total agricultural export.  Export of this commodity rose by 49.9 percent in the first quarter of 2019 from the $407.97 million in the first quarter of 2018. People’s Republic of China was the top trading partner for this commodity group with value of  exports amounting to $184.34 million or a share of 30.1 percent.

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes placed second with a share of 15.5 percent to the total agricultural exports or a value of $231.75 million in the first quarter of 2019. Export for this commodity dropped by 33.2 percent from its $346.87 million export value in the same period of 2018. USA, which accounted for 35.8 percent or $82.96 million, was the major destination of this commodity group.

Tobacco and manufactured tobacco substitutes ranked third, contributing 7.2 percent to total agricultural exports. Export of this commodity went up by 11.3 percent or $107.09 million in the first quarter of 2019, from a value of $96.26 million during the same period of 2018. Export to Republic of Korea, valued at $23.99 million or a share of 22.4 percent to the total export of this commodity, was the highest.

Preparations of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates came fourth with an export value of $103.34 million in the first quarter of 2019. This value declined by 5.5 percent from the $109.30 billion in the same period of the previous year. Export of this commodity group to Germany was valued at $21.89 million or a share of 21.2 percent.

Fish and crustaceans, molluscs and other aquatic invertebrates ranked fifth, posting an export value of $90.81 million or a share of 6.1 percent to the total agricultural exports during the period. Export of this commodity group decreased by 21.8 percent from the $116.16 million recorded in the first quarter of 2018. Majority of these products was bought by Japan with a value of $25.85 million or a share of 28.5 percent.

Completing the list of top 10 agricultural exports for the first quarter of 2019 were: 

Preparations of cereals, flour, starch or milk; pastrycooks’ products, $75.66 million, increased by 26.4 percent;
Preparations of vegetables, fruit, nuts or other parts of plants, $69.82 million, declined by 43.2 percent;
Lac; gums, resins and other vegetable saps and extracts, $57.64 million, rose by 17.2 percent;
Miscellaneous edible preparations, $36.90 million, dropped by 8.2 percent; and
Beverages, spirits and vinegar, $25.34 million, contracted by 19.5 percent  (Tables 3 and 4).

 

Cereals commodity group leads in terms of value of agricultural imports

Among the major commodity groups, cereals was the top in terms of value of imports, amounting to $969.14 million or a share of 27.2 percent to the total agricultural imports in the first quarter of 2019. Import of this agricultural commodity expanded by 58.0 percent, from the $613.51 million import value in the same period of 2018. The bulk of this commodity was bought from Vietnam with a value of $218.81 million or 22.6 percent of the total imports of cereals.

Miscellaneous edible preparations placed  second with a contribution of 11.3 percent to the total agricultural imports. This agricultural commodity posted an import value of $402.31 million, which rose by 19.4 percent from its import value of $336.92 million in the first quarter of 2018. Indonesia was the major source of this commodity, accounting for 26.4 percent of the total agricultural imports or a value of $106.18 million.

Residues and waste from the food industries; prepared animal fodder ranked third with value amounting to $393.24 million or a share of 11.1 percent to the total agricultural import. Import of this commodity group increased by 1.3 percent. USA was the major supplier of this commodity with imports valued at $229.99 million or a share of 58.5 percent.

Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included came fourth with an import value of $320.57 million or 9.0 percent of the total agricultural import. Import of this commodity group went up by 33.4 percent from $240.25 million in the first quarter of 2018. New Zealand, with import valued at $136.23 million, was the major supplier of this commodity.

Meat and edible meat offal ranked fifth with an import value of $296.51 million or an 8.3 percent share to the total agricultural import. Import of this commodity posted an increment of 11.4 percent from the import value of $266.19 million in the same quarter of 2018.  USA was the major supplier of this commodity, which comprised 16.6 percent of the total value of imports or a value of $49.15 million.

Completing the list of the top 10 commodities on agricultural imports for the first quarter of 2019 were the following:

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $229.94 million, declined by 18.7 percent;
Fish and crustaceans, molluscs and other aquatic invertebrates, $142.13 million, contracted by 24.9 percent;
Beverages, spirits and vinegar, $140.06 million, increased by 5.3 percent; 
Sugars and sugar confectionery, $102.95 million, went up by 39.0 percent; and 
Preparations of cereals, flour, starch or milk pastrycooks’ products, $94.80 million, dropped by 5.9 percent (Tables 5 and 6).

            

Malaysia leads as trading partners in exports while Vietnam in imports

The country’s agricultural exports to the ASEAN-member countries in the first quarter of 2019 reached $178.88 million, contributing  6.9 percent share to the total. Agricultural imports from ASEAN-member countries, on the other hand, amounted to $1,209.41 million or a share of 17.4 percent to the total imports. Among the ASEAN-member countries, Malaysia was the top destination of agricultural export worth $55.35 million, representing a share of 30.9 percent of the total. Whereas, the largest inbound shipment of agricultural products was from Vietnam amounting to $341.10 million or 28.2 percent of the total agricultural imports.

   

Major agricultural commodities exported to the ASEAN-member countries in the first quarter of 2019 were tobacco and manufactured tobacco substitutes, $66.51 million; animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $25.47 million; preparations of cereals, flour, starch or milk; pastrycooks’ products, $23.10 million; edible fruit and nuts; peel of citrus fruit melons, $15.13 million; and miscellaneous edible preparations, $10.17 million.

On the other hand, the top major imports of agricultural goods from ASEAN-member countries were cereals, $371.09 million; miscellaneous edible preparations, $273.91 million; animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $212.48 million; beverages, spirits and vinegar, $53.46 million; and fish and crustaceans, molluscs and other aquatic invertebrates, $30.85 million (Tables 7 and 8).

 

Netherlands is the country's major trading partner among EU member countries in the first quarter of 2019

Exports of agricultural goods to EU-member countries in the first quarter of 2019 amounted to $230.59 million or a share of 11.6 percent to the country’s total exports. On the other hand, agricultural imports from EU-member countries amounted to $395.83 million, representing  17.6 percent share to total imports.  Among the EU-member countries, Netherlands was the country’s top buyer and supplier of agricultural commodities. Total exports to this countries  amounted to $83.49 million or 36.2 percent of the total export while total imports reached $77.21 million or 19.5 percent of the total import.

The leading major agricultural exports to the EU member countries for the first quarter of 2019 were:

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $91.35 million;
Preparation of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates, $54.78 million;
Lac; gums, resins and other vegetable saps and extracts, $21.70 million;
Edible fruit and nuts; peel of citrus fruits melons, $19.28 million; and
Preparation of vegetables, fruit, nut and other parts of plants, $15.04 million.

The top major import commodities from the EU-member countries were:

Meat and edible meat offal, $131.80 million;
Dairy products; bird’s eggs; natural honey; edible products of animal origin, not elsewhere specified or included, $62.69 million;
Residues and waste from the food industries; prepared animal fodder, $50.73 million; 
Beverages, spirits and vinegar, $26.82 million; and
Miscellaneous edible preparations, $22.50 million.

 

 

 

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

 

 


 

EXPLANATORY NOTES

This Special Release (SR) presents the Agricultural Foreign Trade Statistics of the Philippines for the first 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 January to March 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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