Fabric import for embroidery & yarns up in Oct

03 Jan '06

4 min read

Electronic products account for 48.6 percent of import bill
Imports of mineral fuels, lubricants and related materials in October ranked second with 10.0 percent share. Expenditures at $389.90 million, registered a 19.5 percent decrease over the previous year's level of $484.13 million.

Transport equipment, contributing 5.0 percent to the total bill, was RP's third top import for the month with payments at $194.56 million from last year's $109.24 million. The double-digit increase of 78.1 percent was brought about by importations made on passenger cars, components, parts and accessories of motor vehicles.

Industrial machinery and equipment, the fourth top import was worth $160.97 million, or an increment of 10.1 percent from $146.24 million a year earlier. This was due to the high value of imports on parts of machinery and mechanical appliances.

Raw materials and intermediate goods account for 41.7 percent of the total imports
Payments in October for raw materials and intermediate goods accounted for 41.7 percent share as importation fell by 9.4 percent to $1.620 billion from last year's figure of $1.787 billion. Semi-processed raw materials got the biggest share of 38.6 percent and valued at $1.497 billion.

Capital goods
Comprising 38.8 percent of the total imports, moved up by 11.9 percent year-on-year to $1.505 billion from $1.345 billion. The major share went to telecommunication equipment and electrical machinery with a 21.7 percent share of the total imports and valued at $840.87 million.

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