Yarn, fabrics, made-up & related products imports down in Oct

02 Jan '07

3 min read

National Statistics Office reports total external trade in goods for January to October in 2006 reached $82.184 billion representing a 12.5 percent increment from $73.030 billion during the same period a year earlier. Similarly, total foreign-made merchandise grew by 9.2 percent to $42.858 billion from $39.234 billion.

Exports on the other hand, registered a positive rate at 16.4 percent to aggregate dollar revenue of $39.326 billion from $33.796 billion of the previous year. Balance of trade in goods (BOT-G) deficit for the Philippines reached $3.532 billion, lower compared to last year's deficit of $5.437 billion.

Total merchandise trade for October 2006 went up by 13.9 percent to $8.876 billion from $7.794 billion during the same period last year. Dollar-inflow generated by exports reached $4.198 billion, or 15.5 percent higher than last year's $3.635 billion.

Industrial Machinery and Equipment, accounting for a 3.9 percent of the total imports, ranked third as foreign bill amounted to $181.90 million or a year-on-year growth at 10.1 percent from $165.23 million last year.

Textile Yarn, Fabrics, Made-Up Articles and Related Products, ranked fifth comprising 2.1 percent of the total imports, registered a $98.54 million worth of imports or a decrease of 5.1 percent from a year ago level of $103.80 million.

Payments in October for Raw Materials and Intermediate Goods accounted for 45.5 percent as importation grew by 13.8 percent to $2.130 billion from last year's figure of $1.871 billion. Semi-Processed Raw Materials got the biggest share of 42.4 percent and valued at $1.985 billion.

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