Philippine agricultural trade deficit widens in 2021

　　According to the Philippine "Business World" (Business World) reported on April 19, data from the Philippine Statistics Authority shows that the Philippines will import more agricultural products to meet consumer demand, and the Philippine agricultural trade deficit in 2021 will reach 8.
92 billion US dollars, an increase of 40% year-on-year.
%
.
The total import value of agricultural products increased by 25% year-on-year to US$15.
71 billion.
The import value of ASEAN countries was US$5.
44 billion, accounting for 16.
8% of the total import value.
Among them, Indonesia imported US$1.
65 billion, accounting for 30.
3%, followed by Vietnam (US$1.
4 billion).
) and Malaysia ($973.
7 million)
.
Agricultural exports also increased by 9.
4 percent to $6.
79 billion, accounting for 9.
1 percent of the country's total exports
.
Philippine agricultural exports to ASEAN amounted to US$767.
01 million, of which Malaysia was the largest export destination of Philippine agricultural products
.
The total import and export of agricultural products was 22.
491 billion US dollars, an increase of 19.
8%, accounting for 13.
3% of the country's total import and export
.