Ethylene importation is higher during June

25 Aug '05

4 min read

Transport equipment, the third top import was worth $217.11 million, or an increase of 100.7 percent from $108.19 million a year ago. This was brought about by importations made on components, parts and accessories of airplanes and motor vehicles.

Industrial machinery and equipment, contributing 3.6 percent to the total bill, was RP's fourth top import for the month with payments at $144.82 million or a drop of 0.9 percent from last year's $146.17 million.

Telecommunication equipment and electrical machinery, $72.92 million; plastics in primary and non-primary forms, $68.02 million; and organic and inorganic chemicals, $58.0 million. Higher importation of ethylene recorded during the month, primarily brought about the 5.2 percent increase in organic and inorganic chemicals.

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Payments in June for raw materials and intermediate goods accounted for 40.2 percent share as importation dropped by 3.5 percent to $1.609 billion from last year's figure of $1.668 billion. Semi-processed raw materials got the major share of 37.0 percent and valued at $1.480 billion.

Expenditures for mineral fuels, lubricants and related materials gained by 25.5 percent to $649.67 million from $517.53 million during the same period of 2004.

Purchases of consumer goods, amounted to $290.19 million, a rise of 18.1 percent from $245.82 million in June 2004, while special transactions decreased by 22.7 percent to $84.14 million from $108.80 million.

Japan corners 16.9 percent of june import bill

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