Davao posts $1.28B in export value

THE Department of Trade and Industry (DTI) reported that Davao Region has generated a total of $1.28 billion in export value from January to August this year.

Based on the Preliminary Annual Performance 2014 report of DTI-Davao during a media interface at the Marco Polo Hotel on Friday, exports from the region continued to be dominated by fresh or frozen banana, including saba, at $696.16 million accounting for 54.3 percent of all exports. The agency sourced its data from the Bureau of Customs.

Coconut oil (castor or crude) placed second with $195.63 million, accounting for 15.3 percent of all exports.

Accounting for 6.7 percent of all exported commodities, desiccated coconut placed third at $86.26 million. Coming in at fourth are fresh pineapples accounting for 4.3 percent of total exports at $55.01 million.

Rounding up the top five most exported products are banana chips at $53.69 million, accounting for 4.2 percent of the total exports generated from January to August of this year.

Also in the top ten are rubber (cuplump or natural) at $28.02 million, activated carbon at $27.41 million, gold and silver at $23.49 million, copra expeller at $19.72 million, and dried, fresh, or frozen mango at $13.79 million.

Japan has remained the top export market for Davao Region at $357.04 million or a market share of 27.8 percent.

China comes in second with a total export value of $202.59 million or a share of 15.8 percent. Placing third is the Netherlands at $154.86 million or a market share of 12.1 percent.

With a market share of 10 percent, South Korea comes in fourth with $128.40 million. Rounding up the top five is the United States at $97.31 million or a market share of 8 percent.

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