MANILA, Nov 25 (Reuters) - Philippine imports in September
fell 25 percent from a year earlier to $3.67 billion, leading to
the smallest monthly trade deficit since a surplus in November
2008, the statistics office said on Wednesday.
KEY DATA
Sept Aug July June May April
Imports ($bln) 3.67 3.62 4.03 4.11 3.62 3.04
yr/yr change (pct) -25.0 -28.3 -31.6 -22.8 -24.3 -37.4
KEY POINTS:
Philippine imports are dominated by electronics, which are
mostly used in the Southeast Asian nation's exports industry, a
bedrock of the economy. Imports of electronics parts were down
22.1 percent in September from a year earlier after a revised
21.1 percent annual drop in August.
The Philippine central bank expects merchandise exports to
fall 20 percent this year but grow 7 percent in 2010, and imports
to slip 17 percent this year and climb 13 percent next year.
Philippine exports fell 18.3 percent in September from a
year earlier, but the drop was the smallest since November last
year.
Apart from electronic parts and fuel, the Philippines'
other top imports are electrical and industrial machinery,
transport equipment, iron, steel and textiles.
LINKS:
For more data, statistics office website is
http://www.census.gov.ph
(Reporting by Manolo Serapio Jr.)
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: PHILIPPINES ECONOMY/IMPORTS
(karen.lema@thomsonreuters.com; +632 841-8938; Reuters Messaging: karen.lema.reuters.com@reuters.net)
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