Davao exports up 10% to $535.1-M in Q1-A A +A
Tuesday, June 10, 2014
EXPORTS in Davao Region grew by 10 percent in the first quarter of 2014 based on the preliminary data obtained from the regional office of the Philippine Statistics Authority-National Satistics Office (PSA-NSO) 11.
Based PSA-NSO data, freight on board (FOB) value of exports went up to $535.1 million from Jasnuary to March, this year, as compared to $486.19 million in the same period last year.
Most of the exported products are minirals and agricultural products.
Bananas accounted for the most exports with a FOB value of $295.21 million, most of them were exported to Japan, China, South Korea, United Arab Emirates (UAE), and Iran.
Coconuts (copra), palm kernel or babassu oil and its fractions came in second at $50 million. Most of the products were exported to Netherlands, United States of America (USA), Singapore, Vietnam, and Canda.
Rounding up the top three exports are coconuts, brazil nuts and cashew nuts with $30.41 million. These were mainly exported to Singapore, USA, Netherlands, Germany, and the United Kingdom (UK).
Also in the top ten are: dates, figs, pineapples, avocados, guavas, mangoes, and mangosteens ($23.46 million); petroleum oils and oils obtained from bituminous minerals, other than crude ($16.39 million); soya-bean oil and its fractions ($14.74 million); activated carbon, activated natural mineral products, and animal black ($13.29 million); fruits, nuts, and other edible parts of plants ($11.12 million); natural rubber, balata, gutta-percha, guayule, chicle, and similar natural gums ($10.47 million); and oil-cake and other solid residues ($8.41 million).
The top ten markets of the region's exports are Japan, China, South Korea, Singapore, USA, Netherlands, UAE, Malaysia, Iran, and Saudi Arabia.
Published in the Sun.Star Davao newspaper on June 11, 2014.