The country’s agricultural imports rose by nearly 23 percent year-on-year to $19.3 billion in 2022 as the Philippines stepped up its food purchases last year, according to the latest data from the Philippine Statistics Authority (PSA). Know more:
THE country’s agricultural imports rose by nearly 23 percent year-on-year to $19.3 billion in 2022 as the Philippines stepped up its food purchases last year, according to the latest data from the Philippine Statistics Authority .
Residues and waste from the food industries, meat and edible meat offal, animal or vegetable fats and oils, and miscellaneous edible preparations were the other major food imports of the country last year. Countries from the Association of Southeast Asian Nations were from the Philippines’s top source of food imports last year. The PSA said agricultural imports from Asian member countries amounted to $6.47 billion or 16.1 percent of the country’s total imports.
Data from the agency also showed that the European Union supplied $1.87 billion worth of goods to the Philippines last year, or 21.8 percent of the total import bill. Among the EU member countries, Spain was the country’s top supplier of agricultural commodities with an import value of $458.25 million or a share of 24.5 percent to the country’s total value of agricultural imports from the EU.
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