Highlights of the Foreign Trade Statistics for Agricultural Commodities in the Philippines Third Quarter 2020, Preliminary

Reference Number: 

2020-407

Release Date: 

Friday, December 18, 2020

Trade Statistics

 

A. Total Agricultural Trade

1. Total agricultural trade dropped at a slower rate

The country’s total agricultural trade in the third quarter of 2020, which amounted to USD 4.97 billion, declined at an annual rate of -3.3 percent. This was slower than the previous quarter’s annual drop of 20.0 percent. On the other hand, the third quarter of 2019 showed an annual increase of 3.2 percent.

During the quarter, agricultural exports and imports were recorded at USD 1.52 billion (30.5%) and USD 3.45 billion (69.5%), respectively. (Figure 1 and Table 1)

Figure 1 third qtr 2020

 

2. Agricultural trade balance increased by 7.9 percent

In the third quarter of 2020, the total balance of trade in agricultural goods was USD -1.94 billion. This reflects a deficit, but with an annual increase of 7.9 percent. In the second quarter of 2020, trade deficit fell at a faster rate of -18.4 percent, while it was slower at -7.0 percent in the third quarter of 2019. (Table 1)

B. Agricultural Export

1. Agricultural export dropped by -9.4 percent

The country’s agricultural export revenue decreased to USD 1.52 billion or by -9.4 percent in the third quarter of 2020, from USD 1.67 billion agricultural export revenue in the third quarter of 2019. During the period, the value of agricultural export shared 8.7 percent to the total export of the country. (Figure 2 and Table 1)

Figure 2

 

2. Agricultural export of edible fruit and nuts; peel of citrus fruit melons commodity group accounted for the largest share to total agricultural export

The total value of agricultural exports of the top 10 commodity groups was USD 1.47 billion or 96.6 percent of the total agricultural export revenue in the third quarter of 2020. The combined export value of these top 10 commodity groups posted an annual decrement of -8.8 percent during the quarter.

Among the commodity groups, edible fruit and nuts; peel of citrus fruit melons, valued at USD 545.60 million, comprised the largest share of 36.0 percent to the total agricultural exports. (Figure 3 and Table 3)

Figure 3

3. Malaysia led as trading partner in agricultural exports among ASEAN member countries

The country’s agricultural exports to ASEAN member countries in the third quarter of 2020 amounted to USD 184.61 million which accounted for 6.9 percent of the total exports to ASEAN member countries. Among the ASEAN member countries, Malaysia was the top destination of agricultural exports worth USD 54.72 million or a share of 29.6 percent to the total agricultural exports to ASEAN member countries. (Figure 4 and Table 7)

Figure 4

 

4. Tobacco and manufactured tobacco substitutes group led export of agricultural commodities to ASEAN member countries

The top three major agricultural commodities exported to ASEAN member countries in the third quarter of 2020 were:

a. tobacco and manufactured tobacco substitutes, USD 64.25 million;
b. animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, USD 39.69 million; and
c. preparations of cereals, flour, starch or milk; pastrycooks' products, USD 16.18 million. (Table 7)

5. Netherlands was the country’s major trading partner in export of agricultural goods among EU member countries

Exports of agricultural goods to European Union member countries in the third quarter of 2020 was valued at USD 227.09 million which comprised 12.3 percent of the country’s total exports to EU member countries.

Among the EU member countries, Netherlands was the country’s top buyer of agricultural commodities worth USD 86.89 million or 38.3 percent of the total agricultural exports to EU member countries. (Figure 5 and Table 9)

Figure 5

 

6. Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes commodity group was the top agricultural export to EU member countries

The top three major agricultural commodities exported to EU member countries in the third quarter of 2020 were:

a. animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, USD 08 million;
b. preparations of meat, of fish or of crustaceans, molluscs, and other aquatic invertebrates, USD 62.78 million; and
c. preparation of vegetables, fruit, nuts or other parts of plants, USD 28.51 million. (Table 9)

C. Agricultural Import

1.Agricultural import decreased by -0.4 percent

The total agricultural imports amounted to USD 3.45 billion or a share of 15.1 percent to the country’s total imports in the third quarter of 2020. Compared with its value of USD 3.47 billion in the third quarter of 2019, total agricultural imports slid by -0.4 percent during the period. (Figure 6 and Table 1).

Figure 6

 

2. Cereals commodity group contributedthe highest value of agricultural imports

Among the major commodity groups, cereals, with a value of USD 706.64 million accounted for the largest share of 20.5 percent to the total agricultural imports in the third quarter of 2020. (Figure 7 and Table 5)

Figure 7

3. Indonesia accounted for the highest import value among ASEAN member countries

The country’s agricultural imports from ASEAN member countries in the third quarter of 2020 amounted to USD 1,201.45 million which comprised 19.4 percent of the total imports from ASEAN member countries. Indonesia, which accounted for USD 334.86 million or 27.9 percent of the total agricultural imports from ASEAN member countries, was the major supplier of agricultural products in the third quarter of 2020. (Figure 8 and Table 8)

Figure 8

 

4. Miscellaneous edible preparations commodity group topped agricultural commodities imported from ASEAN member countries

The top three imported agricultural goods from ASEAN member countries were:

a. miscellaneous edible preparations, USD 290.11 million;
b. cereals, USD 253.71 million; and
c. animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes, USD 206.15 million. (Table 8)

Netherlands led EU member countries on agricultural imports

The country’s agricultural imports from EU member countries reached USD 395.64 million or a share of 25.6 percent to the total imports from EU member countries in the third quarter of 2020. Among EU member countries, Netherlands was the country’s top supplier of agricultural commodities valued at USD 73.25 million or a share of 18.5 percent to the total agricultural imports from EU member countries. (Figure 9 and Table 10)

Figure 9

 

6. Meat and edible meat offal commodity group ranked first in terms of import from EU member countries

The top three agricultural commodities imported from EU member countries were:

a. meat and edible meat offal, USD 86.40 million;
b. dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere classified, USD 74.12 million; and
c. cereals, USD 71.99 million. (Table 10)

 

DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

 

 

EXPLANATORY NOTES

This Special Release features the preliminary figures for the imports and exports statistics of agricultural commodities of the Philippines for the third quarter of 2020. The agricultural exports and imports contained in this report are compiled by the Philippine Statistics Authority (PSA) from documents collected by the Bureau of Customs.

The commodities are classified in accordance with the 10-digit 2015 Philippine Standard Commodity Classification (PSCC). The agricultural commodity groups are from chapters 01 to 24 of the 2015 PSCC. Chapters 01 to 24 relate 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 World Trade Organization 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. FOB 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 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

Data request on imports and exports of agricultural commodities can be made at the PSA through the Trade Statistics Division of the Economic Sector Statistics Service with telephone number (02) 8376-1975 and email address tsd.staff@psa.gov.ph.

1Source: IMTS Concepts and Definitions 2010, page 40 chapter 4. The value of transaction is expressed in US dollar.

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