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According to a report by the Philippine Business Mirror on June 30, the latest quarterly report of the Philippine Bureau of Statistics (PSA) showed that, driven by the increase in the purchase of cereals and meat products, the agricultural trade deficit from January to March expanded by nearly 30%.
, Reaching 1.
82 billion US dollars
.
Among them, imports of agricultural products increased by 11.
1% year-on-year to US$3.
36 billion, while exports of agricultural products fell by nearly 5% year-on-year to US$1.
55 billion
.
The share of agricultural exports in total exports in the first quarter fell from 10% last year to 8.
79%, while imports increased from 12.
25% last year to 12.
97%
.
, Reaching 1.
82 billion US dollars
.
Among them, imports of agricultural products increased by 11.
1% year-on-year to US$3.
36 billion, while exports of agricultural products fell by nearly 5% year-on-year to US$1.
55 billion
.
The share of agricultural exports in total exports in the first quarter fell from 10% last year to 8.
79%, while imports increased from 12.
25% last year to 12.
97%
.
