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Philippines agrifish exports grow 12 percent in Q1

Christian Fernsby |
The Philippines’ exports of agricultural and aquatic products in the first quarter of this year grew by 12 percent to 1.31 billion USD year on year, according to the country’s Department of Agriculture.

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It is a opposite of the Philippines’ total shipments during the period which dropped by 5 percent year on year to 25.7 billion USD.

The biggest agri-fishery export earners were banana (489 million USD), coconut oil (232 million USD), fresh or dried pineapples (97 million USD) and shrimp and prawns (77 million USD).

The department pointed out that the agri-fishery sector was not yet affected by the coronavirus pandemic during the period as the nationwide lockdown was imposed only over the last two weeks of the first quarter and the country’s major trading partners like Japan, China, the Republic of Korea and the EU have not yet imposed import restriction policies.