September import growth strongest in 4 months

Published by rudy Date posted on November 26, 2010

MANILA, Philippines – Merchandise imports in September climbed 24.6% to $4.57 billion from a year earlier, marking the strongest growth in 4 months, the National Statistics Office said on Friday.

The September import growth was a reversal of the 25% contraction in the same month last year, and faster than the 23.1% annual growth in August.

Also, compared to August’s import bill of $4.45 billion, September was higher by 2.7%.

Imports of electronic parts, which accounted for 35.7% of the total import bill in September, were up an annual 23.8% to $1.63 billion over last year’s figure of $1.32 billion. These are inputs used by the semiconductor and electronics industry, the country’s biggest export sector and a major contributor to the economy.

The government expects imports to climb 20% this year and exports to increase 15%, with estimated growth for both revised upwards earlier this year.

Merchandise exports climbed 46.1% in September from a year ago after a 37% jump in August.

Apart from electronic parts and fuel, the Philippines’ other top imports were electrical and industrial machinery, transport equipment, iron, steel and metal scraps. –abs-cbnNEWS.com

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September –

 

  5 Sept – Intl Day of Charity

  7 Sept – Intl Day of Clean Air for Blue Skies

  8 Sept – International Literacy Day 

12 Sept – United Nations Day for South-South Cooperation

15 Sept – International Day of Democracy 

16 Sept – International Day for the Preservation of the Ozone Layer

17 Sept – World Patient Safety Day

18 Sept – International Equal Pay Day

21 Sept – International Day of Peace

26 Sept – International Day for the Total Elimination of Nuclear Weapons

27 Sept – World Tourism Day

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29 Sept – International Day of Awareness of Food Loss and Waste

30 Sept – World Maritime Day

 

Monthly Observances:

Health, Safety and Sanitation Month

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National Peace Consciousness Month

Social Security Month

Rule of Law Month

National Teachers’ Month (Sept 5-Oct 4)

Weekly Observances:

Sept 17 – 23:

World Clean and Green Week

Week 2: Education Week

Week 4: Medicine Week

Last Week: National Family Week

Daily Observances:

Third Saturday:

International Coastal Clean-up Day

Third Monday: World Health Day

Last Friday: National Maritime Day

Sept 8: National Literacy Day

Sept 15: Philippine Medicine Day

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