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Textile yarns, fabrics & madeups fifth in import terms for Jan'06
27 Mar '06
3 min read
National Statistics Office Manila, Philippines announces summary report:
January total trade stands at $6.947 billion :
Total external trade in goods for January 2006 amounted to $6.947 billion representing an increment of 2.2 percent from $6.796 billion during the same period of the previous year.
On the other hand, exports registered a year-on-year negative growth of 0.9 percent to aggregate dollar revenue of $3.266 billion from $3.294 billion a year ago. Balance of trade in goods (BOT-G) deficit for the Philippines reached $415 million, higher compared to last year's deficit of $207 million.
January imports register 5.1 percent increase.
Total foreign-made merchandise went up by 5.1 percent to $3.681 billion from $3.501 billion. Compared to last month, total merchandise goods for January 2006 declined by 12.6 percent from $4.209 billion in December 2005. Dollar-inflow generated by exports amounted to $3.266 billion, or 14.7 percent lower than last month's $3.827 billion.
Industrial machinery and equipment, the third top import was worth $138.74 million, or a rise of 2.8 percent from $134.96 million a year earlier. This was due to the high value of imports made on parts of machinery and mechanical appliances.
Textile yarn, fabrics, made-up articles and related products, accounting 2.6 percent to the total bill, was RP's fifth top import for the month with payments placed at $94.15 million from $72.94 million in January 2005. Higher value in the importation of fabrics for embroidery and knitted/crocheted fabrics mainly contributed the growth of 29.1 percent.
January total trade stands at $6.947 billion :
Total external trade in goods for January 2006 amounted to $6.947 billion representing an increment of 2.2 percent from $6.796 billion during the same period of the previous year.
On the other hand, exports registered a year-on-year negative growth of 0.9 percent to aggregate dollar revenue of $3.266 billion from $3.294 billion a year ago. Balance of trade in goods (BOT-G) deficit for the Philippines reached $415 million, higher compared to last year's deficit of $207 million.
January imports register 5.1 percent increase.
Total foreign-made merchandise went up by 5.1 percent to $3.681 billion from $3.501 billion. Compared to last month, total merchandise goods for January 2006 declined by 12.6 percent from $4.209 billion in December 2005. Dollar-inflow generated by exports amounted to $3.266 billion, or 14.7 percent lower than last month's $3.827 billion.
Industrial machinery and equipment, the third top import was worth $138.74 million, or a rise of 2.8 percent from $134.96 million a year earlier. This was due to the high value of imports made on parts of machinery and mechanical appliances.
Textile yarn, fabrics, made-up articles and related products, accounting 2.6 percent to the total bill, was RP's fifth top import for the month with payments placed at $94.15 million from $72.94 million in January 2005. Higher value in the importation of fabrics for embroidery and knitted/crocheted fabrics mainly contributed the growth of 29.1 percent.
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