Agri exports plunge 26% in first 5 months, but pineapple, ramie show spark
MANILA — Total agro-based products the Philippines exported this year generated receipts of $1.61 billion.
Latest data released this week by the Philippine Statistics Authority (PSA) showed this was a 26-percent lower than the $2.17 billion generated
from exports of agro-based products in 2017
But exports of pineapple juice and ramie fibers have soared in the first five months of the year.
Receipts from pineapple juice exports soared nearly 7,967 percent to $3.04 million in 2018 from $38,000 last year.
Ramie receipts also surged almost 451 percent to reach $189,000 this year, exceeding 2017’s $34,000.
Both commodities registered the highest export receipt growth rates among total agro-based products the country shipped out in 2018.(PNA)