Philippine Agriculture In Figures, 2012

From: http://countrystat.bas.gov.ph/?cont=9

Overview of Philippine Agriculture

Economic Performance In 2012, the country's Gross National Income (GNI) went up by 6.49 percent. Gross Domestic Product (GDP) grew by 6.81 percent. Gross value added (GVA) in the agriculture and fishing sector increased by 2.81 percent. The sector accounted for 11 percent of the GDP. Production Performance in Agriculture. Gross output in the crops subsector was up by 4.15 percent in 2012. Palay and corn production expanded by 8.08 percent and 6.25 percent, respectively. Production of coconut increased by 4.05 percent while that of sugarcane decreased by 6.98 percent. Output gains were recorded by other major crops such as pineapple, tobacco and rubber. Livestock production recorded a 1.10 percent increment in 2012. Gross output from hog improved by 1.71 percent. Carabao, cattle and goat production declined. Dairy output had 12.16 percent increment. Poultry production grew by 4.53 percent. Increases were estimated at 4.61 percent for chicken, 4.37 percent for chicken eggs, 2.08 percent for duck and 5.52 percent for duck eggs.. Gross output in the fisheries subsector went down by 0.25 percent in 2012. Prices On the average, the prices received by farmers for their produce in 2012 dropped by 2.12 percent from the 2011 record. Commercial crops posted the biggest price reduction at 24.09 percent. Prices of vegetables and legumes were down by 9.40 percent. On the other hand, the average price of cereals rose by 5.22 percent. Price gains were also noted for rootcrops and tubers and fruits. Prices in the livestock subsector went down by an average of 0.23 percent while those in the poultry subsector inched up by an average of 0.24 percent. Fishery products recorded an average price gain of 4.90 percent. Meanwhile, the prices paid by consumers for food and non-alcoholic beverages went up by an average of 2.34 percent in 2012. Agricultural Trade The country's earnings from agricultural exports dropped by 7.88 percent in 2012. Coconut oil remained the leading agricultural export product. It contributed 20 percent to the total value of agricultural exports. Major markets for coconut oil were the United States of America and the Netherlands. The Expenditures for agricultural imports in 2012 went up by 3.60 percent. Wheat and meslin and milk and cream and products accounted for 20 percent of the country's agricultural imports. The United States of America was the leading source of these products. The Philippines continued to indicate negative agricultural trade balance. While it recorded agricultural trade surplus with Japan and the European Union, it had trade deficits with the ASEAN countries, the USA and Australia. Employment and Wages The country's labor force in 2012 totaled 40.43 million persons. Of this, 93 percent were employed. About 12.09 million persons were employed in the agriculture sector. During the first half of the year, the daily nominal wage rates received by palay farm workers was P 249.19 while corn farm workers were paid P 189.56. Agricultural Support Services In 2012, about P 99.44 billion were spent by the government for the agriculture sector and it was higher by 77.54 percent from the previous year's record. The amount was 5.48 percent of the total national expenditures. Agricultural loans summed up to P 705.11 billion and 35 percent of this amount were allocated for production purposes.