Ethylene importation is higher during June

25 Aug '05

4 min read

Imports from Japan accounting for 16.9 percent of the total import bill, grew by 7.1 percent to $678.39 million from $633.64 million during the same period of 2004. Exports to Japan, amounted to $515.82 million yielding a two-way trade value of $1.170 billion and a trade deficit for RP placed at $138.85 million.

United States, the country's second biggest source of imports for June with a 16.4 percent share, reported shipments billed at $654.68 million against exports earnings of $569.75 million. Total trade amounted to $1.248 billion, with a trade deficit registered at $108.64 million.

Taiwan followed as the third biggest source of imports. With payments worth $286.52 million, imports went up by 5.1 percent from $272.68 million, while revenue from RP's exports reached $151.18 million resulting to a total trade value of $437.70 million and a $135.34 million deficit for Philippines.

Other major sources of imports for the month of June were Singapore, $285.73 million; People's Republic of China, $264.07 million; Saudi Arabia, $190.53 million; Republic of Korea, $175.93 million; Hong Kong, $164.47 million; Malaysia, $155.42 million; and Iran, $148.69 million.

Payments for imports from the top ten sources for the month amounted to $3.004 billion or 75.0 percent of the total.
Export figures do not include transactions that passed thru AEDS at Subic. The NSCB approved interim methodology for the revision of electronics import statistics was already applied to the January to June import figures.

The National Statistics Office (NSO) is the major statistical agency responsible in collecting, compiling, classifying, producing, publishing, and disseminating general-purpose statistics as provided for in Commonwealth Act No. 591.

National Statistics Office Philippines

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