In a report, SEPO listed the revealed comparative advantages (RCA) of some of the country's agricultural exports in recent years.
The RCA quantifies a country's trade advantage by using opportunity cost associated with producing a specific good, according to the SEPO.
"To illustrate, having a comparative advantage for Product A means a country can produce more of Product A by giving up less of other goods compared to another country," SEPO said.
SEPO noted that preserved pineapples, fresh or dried bananas and fresh or dried crabs have been laggard in the world market, meaning they show declining export volumes and shrinking market shares.
Meanwhile, pineapple juice and preserved tuna were considered as underachievers because of their declining market share despite growing export volume, according to the report.
Dessicated coconuts and manufactured tobacco were identified as achievers as they post declining exports but expanding market share.
This story is from the July 23, 2024 edition of The Philippine Star.
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This story is from the July 23, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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