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Textile yarns, fabrics & madeups fifth in import terms for Jan'06
27 Mar '06
3 min read
Raw materials and intermediate goods account for 40.3 percent of the total imports.
Payments in January for raw materials and intermediate goods accounted for 40.3 percent as importation declined by 11.3 percent to $1.485 billion from last year's figure of $1.675 billion. Semi-processed raw materials got the biggest share with a 36.1 percent and valued at $1.330 billion.
United States corners 16.4 percent of january import bill.
Imports from United States accounting for 16.4 percent of the total import bill, reduced by 10.6 percent to $602.36 million from $673.67 million during the same period of 2005. On the contrary, exports to United States amounted to $630.45 million yielding a two-way trade value of $1.233 billion and a trade surplus for RP placed at $28.09 million.
Japan, the country's second biggest source of imports for January with a 13.4 percent share, reported shipments billed at $491.57 million against exports earnings of $524.04 million. Total trade amounted to $1.016 billion, with a trade surplus registered at $32.47 million.
Singapore followed as the third biggest source of imports. With payments worth $349.75 million, imports grew by 43.2 percent from $244.24 million, while revenue from RP's exports reached $241.81 million resulting to a total trade value of $591.56 million and a $107.94 million deficit for Philippines.
Other major sources of imports for the month of January were People's Republic of China, $267.43 million; Taiwan, $254.87 million; Iran, $219.77 million; Republic of Korea, $191.71 million; Saudi Arabia, $187.43 million; Hong Kong, $163.97 million; and Malaysia, $150.05 million.
Payments for imports from the top ten sources for the month amounted to $2.879 billion or 78.2 percent of the total.
Payments in January for raw materials and intermediate goods accounted for 40.3 percent as importation declined by 11.3 percent to $1.485 billion from last year's figure of $1.675 billion. Semi-processed raw materials got the biggest share with a 36.1 percent and valued at $1.330 billion.
United States corners 16.4 percent of january import bill.
Imports from United States accounting for 16.4 percent of the total import bill, reduced by 10.6 percent to $602.36 million from $673.67 million during the same period of 2005. On the contrary, exports to United States amounted to $630.45 million yielding a two-way trade value of $1.233 billion and a trade surplus for RP placed at $28.09 million.
Japan, the country's second biggest source of imports for January with a 13.4 percent share, reported shipments billed at $491.57 million against exports earnings of $524.04 million. Total trade amounted to $1.016 billion, with a trade surplus registered at $32.47 million.
Singapore followed as the third biggest source of imports. With payments worth $349.75 million, imports grew by 43.2 percent from $244.24 million, while revenue from RP's exports reached $241.81 million resulting to a total trade value of $591.56 million and a $107.94 million deficit for Philippines.
Other major sources of imports for the month of January were People's Republic of China, $267.43 million; Taiwan, $254.87 million; Iran, $219.77 million; Republic of Korea, $191.71 million; Saudi Arabia, $187.43 million; Hong Kong, $163.97 million; and Malaysia, $150.05 million.
Payments for imports from the top ten sources for the month amounted to $2.879 billion or 78.2 percent of the total.
National Statistics Office Philippines
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