In 2019 alone, Philippine banana exports reached $1.95 billion, $1.64 billion in 2020, and roughly $920 million from January to October 2021, in accordance to the Philippine Statistics Authority (PSA). Further, exports of pineapple merchandise (canned, juice, concentrates) amounted to greater than $300 million, from January to October 2021.
The Department of Agriculture goals to sustainably enhance the manufacturing of the 2 Philippine fruits, together with other conventional and rising high-value crops which have export potentials.
Agriculture Secretary William Dar: “We enjoy a comparative advantage in banana and pineapple, and for this reason, we at the DA invest in the development of the high-value crops subsector through our High Value Crops Development Program (HVCDP). Undoubtedly, high-value crops can provide farmers and their families, entrepreneurs and other players in the agriculture value chain sustainable income.”