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

02 Jan '07

3 min read

United States (US) continued to be the country's biggest source of imports for October with a 16.5 percent share of the total import bill but declined by 4.5 percent to $773.31 million from $809.89 million during the same month in 2005. Exports to US amounted to $793.37 million yielding a two-way trade value of $1.567 billion and a trade surplus for RP at $20.06 million.

Japan on the other hand, came second accounting for 14.2 percent of the total import bill, up by 4.1 percent to $665.20 million from $639.05 million during the same period of 2005. Exports to Japan amounted to $669.98 million resulting to a total trade value of $1.335 billion and a trade surplus of 4.78 million.

Taiwan followed as the third biggest source of imports with an 8.8 percent share, recorded payments worth $412.91 million or a year-on-year growth of 24.6 percent. Revenue from RP's exports, on the other hand, reached $168.20 million, which generates a total trade value of $581.11 million and a $244.71 million deficit for the Philippines.

Other major sources of imports for the month of October were Singapore, $356.89 million; People's Republic of China, $341.03 million; Republic of Korea, $288.21 million; Saudi Arabia, $251.27 million; Thailand, $203.52 million; Hong Kong, $194.51 million; and Malaysia, $157.08 million.

National Statistics Office Philippines

More National Statistics Office Philippines News... More Textiles News - Philippines...