Philippine agricultural trade declines by 7%in the fourth quarter of 2020
By: Date: 2021-04-02 Categories: Internationalfood Tags: ,

  According to a report by the Daily Inquirer of the Philippines on March 25, statistics from the Philippine Bureau of Statistics show that in the fourth quarter of 2020, affected by the new crown epidemic, dependent on the global market Agricultural product trade continued to decline, reaching 4.66 billion U.S. dollars, a year-on-year decrease of 7%. In the fourth quarter, the export value of agricultural products was US$1.47 billion, down 10.4%year-on-year, and the import value was US$3.19 billion. The top agricultural products exported in the fourth quarter were edible fruits and nuts, citrus fruit peels and melon peels, animal and vegetable fats and their products, edible fats, and animal and vegetable waxes.