Highlights of the Foreign Trade Statistics for Agricultural Commodities : Philippines, Fourth Quarter 2018

Reference Number: 

2019-101

Release Date: 

Thursday, March 28, 2019

 

Total agricultural trade amounts to $5.23 billion

The total agricultural trade of the Philippines, with a value of $5.23 billion in the fourth quarter of 2018, increased by 15.9 percent compared with the $4.51 billion total agricultural trade in the same period of 2017. The total export revenue for all commodities, amounting to $16.53 billion, slid by 2.1 percent, from $16.88 billion in the fourth quarter of 2017.  Meanwhile, agricultural export reflected an opposite trend, in which an increase of 8.8 percent or $1.66 billion was noted in the fourth quarter of 2018, from $1.52 billion during the same period of previous year. Similarly, share of agricultural export to total export went up by 1.0 percentage point in the fourth quarter of 2018.

Total import bills, which amounted to $30.10 billion in the fourth quarter of 2018, went up by 6.3 percent from its value of $28.31 billion in the same period of 2017. Agricultural import expenditures, likewise, posted a 19.6 percent increase, from $2.99 billion in the fourth quarter of 2017 to $3.57 billion in the same period of 2018. The share of agricultural imports to total imports went up by 1.3 percentage points in the fourth quarter of 2018 (Table 1).

Agricultural trade with Japan reflects surplus of $224.10 million

Among the major trading partners, Japan posted a trade surplus of $224.10 million in the fourth quarter of 2018. However, other major trading partners showed trade deficits, as follows: Australia with $84.81 million, USA with $473.83 million, ASEAN with $987.37 million and EU Member countries with $96.20 million.

         

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

The total value of agricultural exports for the top 10 commodity groups reached $1.58 billion. This amount showed a 95.5 percent share to the total agricultural export revenue in the fourth quarter of 2018. However, export value of the top 10 commodity groups rose by  11.7 percent, from $1.42 billion export value of these commodity group in the same period of 2017.

Among commodity groups, edible fruit and nuts; peel of citrus fruit melons accounted for the largest share of 38.9 percent, valued at $645.14 million. Export of this commodity expanded by 60.8 percent in the fourth quarter of 2018, from $401.32 million in the fourth quarter of 2017. People’s Republic of China bought bulk of the value of exports for this commodity group, amounting to $223.97 million or a share of 34.7 percent.

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, came second with 18.3 percent share to total agricultural exports or a value of $303.19 million in the fourth quarter of 2018. Export for this commodity declined by 14.8 percent, from its $355.70 million export value in the same period of 2017. USA, with a share of  42.3 percent or $128.32 million, was the major destination of this commodity group.

Tobacco and manufactured tobacco substitutes ranked third, contributing 7.7 percent to total agricultural exports. Export of this commodity rose by 30.9 percent or $128.06 million in the fourth quarter of 2018, from a value of $97.86 million during the same period of 2017. Export to Thailand, with a value of $21.61 million or a share of 16.9 percent to total export of this commodity, was the highest.

Preparations of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates, ranked fourth with $122.30 million in the fourth quarter of 2018, a decline of 18.1 percent from $149.33 billion in the same period of the previous year. Export of this commodity group to USA was valued at $36.64 million or a share of 30.0 percent.

Preparations of vegetables, fruit, nuts or other parts of plants, which came fifth among the top 10 commodities in terms of agricultural exports, posted a value of $94.81 million or a   share of 5.7 percent to total.  It went down by 8.0 percent from the $103.06 million recorded in the fourth quarter of 2017. The bulk of these products was bought by USA with a value of $38.26 million or a share of 40.4 percent.

Completing the list of top 10 agricultural exports for the fourth quarter of 2018 were: 

Fish and crustaceans, molluscs and other aquatic invertebrates, $91.72 million, declined by 38.3 percent;
Preparations of cereals, flour, starch or milk; pastrycooks’ products, $82.20 million, increased by 30.3 percent;
Miscellaneous edible preparations, $44.56 million, rose by 28.5 percent;
Lac; gums, resins and other vegetable saps and extracts, $42.67 million, contracted by 0.7 percent, and
Residues and waste from the food industries; prepared animal fodder, $28.77 million, expanded by 35.4 percent  (Table 3 and 4).

 

Cereals commodity group leads terms of value of agricultural imports

Among the major commodity groups, cereals was the top in terms of value of imports, reaching $743.55 million or a share of 20.8 percent in the fourth quarter of 2018. Import of this agricultural commodity swelled by 103.4 percent, from the $365.64 million import value in the same period of 2017. The bulk of this commodity was bought by Ukraine with a value of $207.88 million or 28.0 percent of the total imports of cereals.

Residues and waste from the food industries; prepared animal fodder, ranked second with a share of 12.3 percent to total agricultural imports. This agricultural commodity posted an import value of $438.63 million, which went up by 19.3 percent from the import value of $367.75 million in the fourth quarter of 2017. USA was the major source of this commodity, accounting for 59.9 percent of the total agricultural imports or a value of $262.51 million.

Sugars and sugar confectionery placed third, sharing 5.3 percent or a value of $190.64 million. Import of this commodity group surged by 86.4 percent. The main source of this commodity was Thailand with imports valued at $102.13 million or a share of 53.6 percent.

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, came fourth with an import value of $269.57 million or a share of 7.5 percent. Import of this commodity group contracted by 18.6 percent,  compared with the $331.03 million in the fourth quarter of 2017. Malaysia, with import valued at $138.87 million, was the major supplier of this commodity.

Meat and edible meat offal ranked fifth, with a total agricultural import value of $345.86 million or a 9.7 percent share. Import of this commodity rose by 30.7 percent from the import value of $264.71 million in the same quarter of 2017.  USA was the major supplier of this commodity, comprising 19.9 percent of the total value of imports or a value of $68.87 million.

Completing the list of the top 10 commodities on agricultural imports for the fourth quarter of 2018 were the following:

Beverages, spirits and vinegar, $167.74 million, increased by 8.2 percent; 
Products of the milling industry; malt; starches; inulin; wheat gluten, $79.96 million, rose by 26.6 percent;
Edible fruit and nuts; peel of citrus fruit melons, $158.35 million, went up by 7.1 percent;
Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included, $236.43 million, went up by 14.6 percent; and
Miscellaneous edible preparations, $368.55 million, declined by 1.2 percent (Table 5 and 6).

            

Malaysia and Thailand lead as trading partners in exports and in imports among ASEAN countries

The country’s agricultural exports to the ASEAN member countries for the fourth quarter of 2018 amounted to $179.31 million, accounting for 6.8 percent share to the total. Agricultural imports from ASEAN member countries, on the other hand, was recorded at $1,166.68 million, comprising a share of 16.1 percent to the total imports. Among the ASEAN member countries, Malaysia was the top destination of agricultural exports. It amounted to $57.54 million, representing a share of 32.1 percent. Similarly, inbound shipment of agricultural products from Thailand amounted to $324.33 million, accounting for  27.8 percent of the total agricultural imports.

Major agricultural commodities exported to the ASEAN member countries for the fourth quarter of 2018 were: tobacco and manufactured tobacco substitutes, $78.97 million; preparations of cereals, flour, starch or milk; pastrycooks’ products, $23.34 million; animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $12.65 million; miscellaneous edible preparations, $12.33 million; and fish and crustaceans, molluscs and other aquatic invertebrates, $7.72 million.

On the other hand, top major imports of agricultural goods from ASEAN member countries were: animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $251.68 million; miscellaneous edible preparations, $251.30 million; cereals, $180.77 million; sugars and sugar confectionery, $138.08 million; and preparations of cereals, flour, starch or milk; pastrycooks’ products, $80.80 million (Table 7 and 8).

   

Netherlands is the country's major trading partner among EU member countries

Exports of agricultural goods to EU member countries in the fourth quarter of 2018 amounted to $269.09 million or a share of 13.0 percent to the country’s total exports. On the other hand, agricultural imports from EU member countries amounted to $365.29 million, representing a  14.9 percent share to total imports.  Netherlands was the country’s top buyer of agricultural commodities among the EU member countries with exports amounting to $120.62 million or a share of 44.8 percent. Similarly, Netherlands was also the country’s top supplier of agricultural commodities among EU member countries with imports amounting to $72.33 million.

Leading major agricultural exports to the EU member countries for the fourth quarter of 2018 were:

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $124.09 million;
Preparations of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates, $52.65 million;
Edible fruit and nuts; peel of citrus fruits melons, $23.07 million;
Lac; gums, resins and other vegetable saps and extracts, $15.58 million; and
Tobacco and manufactured tobacco substitutes, $14.82 million;

Top major import commodities from the EU member countries were:

Meat and edible meat offal, $124.01 million;
Residues and waste from the food industries; prepared animal fodder, $54.77 million; 
Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included, $47.94 million;
Beverages, spirits and vinegar, $34.81 million; and
Miscellaneous edible preparations, $20.47 million.

 

 

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

 

 


 

EXPLANATORY NOTES

 

This Special Release (SR) features the Agricultural Foreign Trade Statistics of the Philippines for the fourth quarter of 2018.  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 October to December 2018.

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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