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Ethylene importation is higher during June
25 Aug '05
4 min read
National Statistics Office Philippines released the external trade performance of June 2005.
January to June total trade stands at $40.921 billion
Total external trade in goods for January to June 2005 amounted to $40.921 billion, an increase of 0.7 percent from $40.628 billion during the same period a year earlier.
Likewise, total foreign-made merchandise fell by 1.5 percent to $21.524 billion from $21.844 billion.On the other hand, exports registered a year-on-year growth of 3.3 percent to aggregate dollar revenue of $19.397 billion from $18.784 billion last year. Balance of trade in goods (BOT-G) deficit for the Philippines reached $2.127 million lower compared to last year's deficit of $3.060 billion.
June imports register 6.0 percent increase
Total merchandise trade for June 2005 slightly increased by 3.7 percent to $7.357 billion from $7.096 billion during the same period of the previous year.
Dollar-inflow generated by exports amounted to $3.352 billion, or 1.0 percent higher than last year's $3.318 billion. Similarly, expenditures for imported goods advanced by 6.0 percent to $4.005 billion from $3.778 billion. The balance of trade in goods (BOT-G) registered a deficit of $653 milion, higher compared to last year's deficit of $460 million.
Imports of mineral fuels, lubricants and related materials in June ranked second with 16.2 percent share. Expenditures at $649.67 million, registered a 25.5 percent growth over the previous year's level of $517.53 million as world prices of crude oil went up.
January to June total trade stands at $40.921 billion
Total external trade in goods for January to June 2005 amounted to $40.921 billion, an increase of 0.7 percent from $40.628 billion during the same period a year earlier.
Likewise, total foreign-made merchandise fell by 1.5 percent to $21.524 billion from $21.844 billion.On the other hand, exports registered a year-on-year growth of 3.3 percent to aggregate dollar revenue of $19.397 billion from $18.784 billion last year. Balance of trade in goods (BOT-G) deficit for the Philippines reached $2.127 million lower compared to last year's deficit of $3.060 billion.
June imports register 6.0 percent increase
Total merchandise trade for June 2005 slightly increased by 3.7 percent to $7.357 billion from $7.096 billion during the same period of the previous year.
Dollar-inflow generated by exports amounted to $3.352 billion, or 1.0 percent higher than last year's $3.318 billion. Similarly, expenditures for imported goods advanced by 6.0 percent to $4.005 billion from $3.778 billion. The balance of trade in goods (BOT-G) registered a deficit of $653 milion, higher compared to last year's deficit of $460 million.
Imports of mineral fuels, lubricants and related materials in June ranked second with 16.2 percent share. Expenditures at $649.67 million, registered a 25.5 percent growth over the previous year's level of $517.53 million as world prices of crude oil went up.
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