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

Reference Number: 

2017-259

Release Date: 

Monday, October 23, 2017

 

 

TOTAL AGRICULTURAL TRADE REACH $4.011 BILLION IN THE SECOND QUARTER OF 2017

The total value of Philippine agricultural trade increased by 2.6 percent in the second quarter of 2017 to $4.011 billion from $3.910 billion in the same period of 2016.

Total export receipts for all commodities grew by 12.7 percent in the second quarter of 2017. Similarly, agricultural export expanded by 23.9 percent to $1.338 billion in the second quarter of 2017 from $1.080 billion during the same period of 2016. Moreover, share of agricultural export to total export likewise went up by 8.5 percent from 7.7 percent in the same period of 2016.

                                                           

Meanwhile, total imports increased by 5.3 percent to $23.682 billion in the second quarter of 2017 from $22.495 billion in the same quarter of 2016. However, agricultural import showed an opposite trend as it dropped by 5.6 percent with value of $2.673 billion in the second quarter of 2017 from $2.831 billion during the same quarter of 2016. The share of agricultural imports to total imports was 11.3 percent in the second quarter of 2017 from 12.6 percent in the same quarter of  2016 (Table 1). The country’s agricultural trade balance in the second quarter of 2017 reflected a deficit of       $1.335 billion, lower than the posted valuet of $1.751 billion in the same period of 2016.

 

 

JAPAN POSTS AGRICULTURAL TRADE SURPLUS OF $153.52 MILLION

Among the major trading partners, Japan posted a trade surplus of $153.52 million in the second quarter of 2017, higher by 29.1 percent from the $118.90 million recorded during the same period of 2016. Other major trading partners were Australia with $217.68 million trade deficit; USA with $315.99 million trade deficit; ASEAN with $700.45 million trade deficit and EU with $5.69 million trade deficit (Table 2).

             

TOP FIVE AGRICULTURAL COMMODITIES SHARES 73.9 PERCENT TO TOTAL AGRICULTURAL EXPORT REVENUE IN 2ND QUARTER OF 2017

Among the commodity groups, export of animal or vegetable oils and their cleavage products; prepared edible fats; animal or vegetable waxes accounted for the highest share of 24.3 percent and highest FOB value of  $325.25 million. This commodity grew by 34.3 percent from a value of $242.14 million during the same period of 2016. The bulk of export for this commodity went to the Netherlands comprising 43.2 percent of the total agricultural exports.

Edible fruits and nuts; peel of citrus fruits or melons placed second among the top ten Philippine agricultural  exports. This commodity had a  22.4 percent  share which increased by 18.7 percent to $299.16 million in the second quarter of 2017 from $252.01 million in the same period of 2016. Japan was the major destination valued at $93.86 million accounting for 31.4 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 11.6 percent translating to an export value of $155.19 million during the period in review. It slightly went up by 0.8 percent over the FOB value of $153.93 million in the  second quarter of 2016. Export of this agricultural commodity to the USA accounting  for 46.2 percent valued at $71.74 million in the second quarter of  2017.

Fish and crustaceans, molluscs and other aquatic invertebrates   ranked fourth, comprising a share of 8.8 percent of the total agricultural exports. It reflected a growth of almost 21.0 percent to $117.02 million in the second quarter of 2017 from $96.74 million during the same period of last year. Hongkong was the largest market valued at  $21.63 million.

Preparation of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates ranking fifth accounted for 6.9 percent of total agricultural exports, registered a high 45.1 percent growth during the second quarter of 2017 to $91.78 million from $63.24 million in the same quarter of 2016. The bulk of export of this product went to  Germany valued at $21.43 million.

Rounding the  list  of  top ten agricultural exports  for the second quarter of 2017  were:  preparation of cereals, flour, starch or milk; pastry cooks’ products, $63.17 million, rose by 77.8 percent,  tobacco and manufactured tobacco substitutes, $59.71 million, went up by 7.5 percent; Sugars and sugar confectionary, $58.82 million, surged by 1202.72 percent; Lac; gums, resins and other vegetable saps and extracts,  $43.59 million, declined by 6.6 percent; and Miscellaneous edible preparations, $39.38 million, dropped by 11.7 percent (Table 3 and 4).

 

                           

CEREALS TOP THE LIST OF COMMODITIES FOR IMPORT

Among the major commodity groups, cereals lead agricultural imports with CIF value of $372.10 million. However, import of this agricultural commodity declined by 12.7 percent in the second quarter of 2017 from $426.38 million during the same period in 2016 (Table 6). Moreover, this commodity was imported mostly from Australia valued at $157.43 million.

Miscellaneous edible preparation placed second with 13.1 percent share to total agricultural imports. This commodity posted an increment of 2.8 percent valued at $350.98 million during the second quarter of 2017 compared with $341.32 million in the same period of 2016. Indonesia was the top supplier accounting for 30.3 percent of the total import of this agricultural commodity.

Residues and waste from the food industries; prepared animal fodder came in third with a percent share of 11.7 percent. Import of this agricultural commodity stood at $311.30 million  contracting by 18.3 percent from the $381.07 million registered in the second  quarter of 2016.  This agricultural commodity was heavily imported from the USA comprising 73.3 percent share to total agricultural imports.

Meat and edible offal ranking fourth, accounted for a 10.5 percent share of the total agricultural imports. This commodity registered a growth of 7.3 percent with import value amounting to $279.41 million in the second quarter of 2017 from $260.43 million during the same period in 2016. USA was the major supplier  comprising 17.5 percent of  the total value of import of this commodity.  

Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes placed fifth with a share of 9.1 percent of imports was valued at $242.93 million in the second  quarter of 2017. It increased by 7.3 percent from the $226.35 million registered in the same period of 2016. This product came mostly from Malaysia valued at $138.63 million.

Rounding the list for the top ten agricultural imports for the second quarter of 2017 were the following: Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included, $226.71 million increased by 5.9 percent; beverages, spirits and vinegar, $145.24 million, rose 17.8 percent; fish and crustaceans; molluscs and other aquatic invertebrates, $117.13 million, accelerated by 36.0 percent;  preparation of cereals, flour, starch or milk, pastrycooks’ products, with import value of $92.25 million comprising 3.5 percent and sugars and sugar confectionary, $87.74 million, dropped by 50.1 percent (Table 5 and 6).

 

                 

MALAYSIA AND INDONESIA TOP TRADING PARTNERS AMONG ASEAN MEMBER COUNTRIES

The country’s agricultural exports to the ASEAN-member countries for the second quarter of 2017 reached $120.38 million or 5.1 percent share of the total export receipts. On the other hand, total agricultural  imports from ASEAN-member countries was valued at $820.83 million or 13.3 percent share of the total imports. Among the ASEAN-member countries, Malaysia was the top destination accounting for a share of 33.5 percent with value of $40.32 million. On the other hand, Indonesia was the country’s largest supplier of agricultural commodities valued at $242.01 million or 29.5 percent share to total agricultural import payments.

           

Major agricultural commodities exported to the ASEAN-member countries in 2016 were: Tobacco and tobacco manufactures $42.17 million; Cocoa and cocoa preparations products, $21.38 million; Lac; Gums, resins and other vegetable saps and extracts $6.52 million; Miscellaneous edible preparations $6.36 million and Preparation of vegetables, fruit, nuts or other parts of plants  $6.28 million;

On the other hand, top major agricultural goods imported from the ASEAN-member countries were: Miscellaneous edible products and preparations, $238.24 million; Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $229.46 million; Preparation of cereals, flour, starch or milk; pastrycooks’ products, $67.28 million; Beverages, spirits and vinegar, $50.65 million and cereals, $43.80 million.

 

NEATHERLANDS AND GERMANY LEAD TOTAL TRADE AMONG EU MEMBER COUNTRIES

Exports of agricultural goods to EU member countries in 2017 amounted to $314.10 million accounting for 14.1 percent of the country’s total exports. On the other hand, agricultural imports from EU member countries reached $319.79 million or a 17.6 percent share of the total imports.  Netherlands was the country’s top destination of agricultural commodities  among the EU member countries with total exports reaching a $157.51 million, accounting for 50.1 percent of the total agricultural exports to EU member countries. On the other hand, Germany was the top trading partner of the country in terms of agricultural imports accounting for $70.05 million, with a 21.9 percent share of the total agricultural imports from EU member countries.

                

 

Leading  major  agricultural  exports  for  the EU member countries in 2016 were: Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, $175.08 million; Preparation of meat, of fish, or of crustaceans, molluscs and other aquatic invertebrates, $51.93 million; Preparation of vegetables, fruit, nut and other parts of plants, $25.79 million; Fish and crustaceans, molluscs and other aquatic invertebrates, $19.90 million and  Edible fruit and nuts; peel of citrus fruits or melons, $14.96 million.

Top major import commodities from the EU-member countries were: Meat and edible meat offals, $120.46 million; Dairy products; bird’s eggs; natural honey; edible products of animal origin, not elsewhere specified or included, $53.42 million; Residues and waste from the food industries; prepared animal fodder, $37.91 million; Preparation of vegetables, fruit, nut and other parts of plants, $23.39 million and ; Beverages, spirits and vinegar, $15.38 million (Table 9 and 10).

 

 

 

 

 

Technical Notes

 

This Special Release (SR) features the Agricultural Foreign Trade Statistics of the Philippines for the second quarter of 2017.  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 April to June 2017.

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

Beginning with the year 2017 Quarterly Special Release, agricultural commodity classifications are based on the chapter heading of the 2015 PSCC at 2-digit breakdown.

 

 

FOR THE DEPUTY NATIONAL STATISTICIAN:

 

 

DULCE A. REGALA
Assistant National Statistician
Economic Sector Statistics Service
(Officer-in-Charge)

 

 

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