Davao City exports up by 14% in 2nd quarter

VALUE of exports made by Davao City for the second quarter of 2017 has increased by 14.17 or $570.64 million from $499.82 million during the same period last year.

According to the data by the Davao City Investment and Promotions Center, Banana remains to be the top commodity exported by Davao City. It was also followed by coconut oil, pineapple, desiccated coconut and banana chips.

As of last year, gold and silver are included among the top export commodities of the city but are not anymore for this year and was replaced by banana chips instead.

Most of these commodities are exported to Japan, China, Korea, and the Netherlands. For this year, the United Arab Emirates replaced United States among one of the top five export destinations of Davao City commodities.

In a separate report, Philippine Exporters Confederation Inc. president Sergio Ortiz-Luis said despite the country lagging behind in global infrastructure indices, expectations in the export community are high for the current administration especially with its “Build, build, build” campaign.

It was also stated that exporters rely on the future help the infrastructures would provide for a sustained export growth and economic momentum.

Still in an attempt to help with the export logistics of Davao City, Singapore Business Federation had previously expressed interest in investing in port development in the city which would cover planning, construction, and operating.