What is the top agricultural export commodity of the Philippines and why?

Banana remained as the leading agricultural export commodity in 2019. Its export volume of 4.40 million metric tons posted a 40.9 percent increment and the corresponding value at PhP 101.18 billion expanded by 39.0 percent. The 2019 share of banana to the total agricultural export earnings went up to 29.3 percent.

What are the top 5 commodity exports of the Philippines?

Top 10

  • Electrical machinery, equipment: US$31.7 billion (49.7% of total exports)
  • Machinery including computers: $9.5 billion (14.9%)
  • Fruits, nuts: $2.3 billion (3.6%)
  • Optical, technical, medical apparatus: $1.8 billion (2.8%)
  • Ores, slag, ash: $1.7 billion (2.7%)
  • Copper: $1.7 billion (2.7%)

What are the top 10 agricultural commodities in the Philippines?

The country’s major agricultural crops are rice, corn, coconut, sugarcane, banana, cassava, pineapple, and vegetables. The major livestock products are hog, cattle, carabao, goat, and dairy products. Chicken and duck are the leading poultry products.

What does the Philippines export the most?

Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca.

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What are the top five exported agricultural commodities?

“The top five commodities exported (by value) were beef and veal, wheat, wool, dairy and wine.”

What is the top agricultural export commodity of the Philippines?

Banana remained as the leading agricultural export commodity in 2019. Its export volume of 4.40 million metric tons posted a 40.9 percent increment and the corresponding value at PhP 101.18 billion expanded by 39.0 percent.

What do you think is the biggest export country for the Philippines?

The top export destinations of the Philippines are Hong Kong ($13.9 billion), United States ($13.8 billion), China ($13.3 billion), Japan ($11.2 billion), and Singapore ($7.92 billion).

Which agriculture is most profitable?

Apiculture. Apiculture is one of the most profitable agriculture business ideas in 2021. Due to a rise in demand for honey and its by-products and a scarcity of natural honey, commercial beekeeping farms have sprung up all over the world.

What is the most important crop in the Philippines?

The leading crops are rice, maize, sugarcane, coconut, banana, mango, pineapple, cassava, coffee, sweetpotato and eggplant. In terms of harvest area, the most extensively grown crops are rice, coconut, maize, sugarcane, banana, cassava, coffee, mango, sweetpotato and Manila hemp.

Is Philippines a third world country?

The Philippines is historically a Third World country and currently a developing country. The GDP per capita is low, and the infant mortality rate is high.

What is the rank of the Philippines in the world in terms of trading?

In 2019 Philippines imported $127B, making it the number 33 trade destination in the world.

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What does US export to Philippines?

The top export categories (2-digit HS) in 2019 were: electrical machinery ($2.7 billion), machinery ($764 million), cereals (wheat) ($731 million), oilseeds and oleaginous fruits (flour) ($583 million), and food waste, animal feed ($421 million).

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