Exports of PH agri products dip by 4% in 2016
Philippine exports of agricultural products dropped by 4.4 percent in 2016 as the sector’s production declined, data from the Philippine Statistics Authority show.
Sugar exports, however, soared by 179 percent to $89 million and exports of coconut products inched up by 0.4 percent to $1.4 billion led by the 0.6-percent increase in coconut oil exports to $1.14 billion.
Fruit and vegetable exports grew by 1.8 percent to $1.43 billion as the decline in banana, mango and pineapple exports were offset by the growth in exports of other fruit and vegetable products. Mango exports fell by 22 percent to $13 million and banana exports dropped by 6 percent to $618 million.
Exports of canned pineapple fell by 1.2 percent to $341 million and exports of pineapple concentrates plunged by 57 percent to $20 million.
Tobacco exports declined by 22 percent to $78 million and exports of natural rubber plunged by 41 percent to $36 million.