Cornflakes and cows among PH’s top 10 imports in 2015
The country’s import of other food and live animals amounted to $2.7 billion last year to rank as the country’s fifth biggest import, the Philippine Statistics Authority reported.
Food and other live animals ranked as the country’s fifth biggest import last year, accounting for 3.8 percent of total imports and grew by 20.5 percent from 2014’s $2.2 billion.
Cereals and cereal preparations including cornflakes, meanwhile, ranked as the country’s seventh largest import last year.
According to the PSA, cereal imports amounted to $2.1 billion last year, accounting for 30 percent of total imports. Last year’s cereal imports were 24 percent more than the $1.7 billion reported in 2014.
Imports of feeding stuff for animals, meanwhile, amounted to $1.2 billion in 2015. Despite the increase in imports of live animals, imports of feeding stuff for animals declined by four percent last year.
Feeding stuff for animals ranked as the country’s 14 largest import and dairy product imports ranked 19th. Dairy product imports amounted to $822 million last year, 8.9 percent less than the $902 million reported in 2014.