$430-M in export value noted in Q4 last year | SunStar

$430-M in export value noted in Q4 last year

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$430-M in export value noted in Q4 last year

Saturday, March 21, 2015

THE Philippine Statistics Authority (PSA)-Davao reported that Davao region posted an export value of $430.13 million in the fourth quarter of 2014.

Based on the preliminary data of PSA-Davao, agricultural products remain to be the main export commodity of the region.

Fresh and dried bananas, including plantains, continue to be the number one exported product of the region with a value of $158.87 million.

China is the top export market of the commodity at $62.53 million, followed by Japan ($33.99 million), Iran ($18.34 million), South Korea ($14.64 million), and Saudi Arabia ($6.31 million).

Coconut crude oil is the second most exported product of the region at $76.92 million with the Netherlands being the number export destination at $34.91 million.

Other top export destinations for the commodity include Indonesia ($11.39 million), Malaysia ($11.12 million), United States of America (USA) ($9.05 million), and Italy ($5.53 million).

The third most exported product of the region is fresh and dried pineapples at $24.56 million with Japan being the top export destination at $5.99 million. Other top export markets are Singapore ($4.79 million), United Arab Emirates (UAE) ($4.25 million), China ($3.92 million), and South Korea ($2.17 million).

Prepared or preserved fruits -- lychees, longans, jackfruit, and mango, among others -- containing added sugar and sweetening ingredients is the fourth most exported commodity of the region at $20 million.

The top export destination for the commodity is still China at $3.73 million, followed by Germany ($2.35 million), Taiwan ($2.06 million), South Korea ($1.41 million), and USA ($1.4 million).

Rounding up the top five exported commodities of the region are coconut oil and its fractions at $19.79 million with USA being the top export destination for the commodity at $11.17 million. Other major destinations include Malaysia ($4.56 million), Canada ($1.94 million), United Kingdom ($609,379), and South Africa ($406,903).

Also among the top 10 exports of the region are natural rubber in other forms ($17.16 million); activated carbon of coconut-shell based ($16.81 million); soya bean oil ($9.75 million); desiccated coconut ($9.12 million); and oil cake and other solid residues extracted from coconut or copra ($6.88 million).

The agency also reported that China is the top market for Davao Region exports for the fourth quarter of 2014 at $96.02 million worth of exports.

Japan came in second at $50.61 million while Netherlands placed third at $42.83 million. Rounding up the top five export destinations are USA ($42.64 million) and Malaysia ($27.77 million).

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