Aggregate payment for the country’s top ten imports for the first semester of 2011 reached $22.867 billion or 75.0 percent of the total import bill, registering a positive growth of 11.4 percent from $20.524 billion during the first semester of 2010 (Table 3).
Electronic Products, accounting for 32.6 percent of the total import bill posted an increment of 13.4 percent to $9.941 billion from $8.767 billion during the first semester of 2010.
Mineral Fuels, Lubricants and Related Materials ranked second with 19.5 percent share, up by 24.5 percent to $5.943 billion from last year first semester’s $4.774 billion.
Transport Equipment ranked third, comprising 4.7 percent of the total imports, fell by 7.4 percent from $1.556 billion to $1.441 billion during the first semester of 2011.
Industrial Machinery and Equipment ranking fourth, also recorded a 4.7 percent share and posted an increase of 22.8 percent to $1.425 billion worth of imports from $1.161 billion during the first semester of 2010.
Organic and Inorganic Chemical ranked fifth with 2.9 percent share of the total imports, worth $883.82 million, higher by 33.3 percent from $662.87 million during the first semester of 2010.
Plastics in Primary and Non-Primary Forms, accounting for 2.6 percent of total imports, ranked sixth as foreign bill amounted to $789.53 million, up by 48.2 percent (highest year on year change among the top ten imports in first semester 2011) from $532.61 million during the first semester of 2010.
Rounding up the list for the top ten imports for the first semester of 2011 were Cereals and Cereal Preparations, $713.68 million, decreased by 56.8 percent; Iron and Steel, $658.03 million, grew by 13.7 percent; Telecommunication Equipment and Electrical Machinery, $592.84 million, up by 32.0 percent; and Medicinal and Pharmaceutical Products, $478.81 million or an annual increase of 22.9 percent.
Reference: National Statistics Office / Manila, Philippines - https://www.affordablecebu.com/