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Philippines: Agri exports up 19.3% for January-October

According to the Philippine Statistics Authority, this nation’s export earnings from agri-based products from January to October grew by 19.3 percent to 2.984 billion dollars. In the same period last year, 2.501 billion dollars were recorded.

The latest trade data from the PSA showed the bulk of revenues from shipments of agricultural products (nearly 45 percent) came from coconut products. According to an article in the Business Mirror, PSA data also showed the value of fruits and vegetables shipped by the Philippines declined by 4.3 percent (to 1.220 billion dollars, from 1.275 billion a year ago).

Exports of bananas, which accounted for 48.52 percent of total earnings, reached 592.194 million dollars, 2.9 percent higher than last year’s 575.762 million.

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