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Fabric import for embroidery & yarns up in Oct
03 Jan '06
4 min read
United States corners 18.0 percent of October import bill
Imports from US accounting for 18.0 percent of the total import bill, went down by 2.2 percent to $699.80 million from $715.14 million during the same period of 2004. Exports to US amounted to $692.45 million yielding a two-way trade value of $1.392 billion and a trade deficit for RP placed at $7.35 million.
Japan, the country's second biggest source of imports for October with a 15.4 percent share, reported shipments billed at $596.31 million against export earnings of $516.59 million. Total trade amounted to $1.113 billion, with a trade deficit registered at $79.72 million.
Singapore followed as the third biggest source of imports. With payments worth $351.50 million, imports picked up by 4.0 percent from $337.97 million, while revenue from RP's exports reached $310.23 million resulting to a total trade value of $661.73 million and a $41.28 million deficit for Philippines.
Other major sources of imports for the month of October were Taiwan, $309.10 million; People's Republic of China, $270.41 million; Republic of Korea, $231.85 million; Malaysia, $181.61 million; Hong Kong, $180.65 million; Thailand, $149.22 million; and Germany, $127.76 million.
Imports from US accounting for 18.0 percent of the total import bill, went down by 2.2 percent to $699.80 million from $715.14 million during the same period of 2004. Exports to US amounted to $692.45 million yielding a two-way trade value of $1.392 billion and a trade deficit for RP placed at $7.35 million.
Japan, the country's second biggest source of imports for October with a 15.4 percent share, reported shipments billed at $596.31 million against export earnings of $516.59 million. Total trade amounted to $1.113 billion, with a trade deficit registered at $79.72 million.
Singapore followed as the third biggest source of imports. With payments worth $351.50 million, imports picked up by 4.0 percent from $337.97 million, while revenue from RP's exports reached $310.23 million resulting to a total trade value of $661.73 million and a $41.28 million deficit for Philippines.
Other major sources of imports for the month of October were Taiwan, $309.10 million; People's Republic of China, $270.41 million; Republic of Korea, $231.85 million; Malaysia, $181.61 million; Hong Kong, $180.65 million; Thailand, $149.22 million; and Germany, $127.76 million.
National Statistics Office of Philippines
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