1st Quarter 2018

Gross National Income & Gross Domestic Product

Imports of Goods of the Philippines

Imports of Goods slows down
The total Imports of Goods slowed down in the first quarter of 2018 to 9.3 percent compared with previous year’s 21.4 percent in the same quarter. The single digit growth of the total Imports of Goods was the lowest since the fourth quarter of 2014.
Major contributors to the growth of total Imports of Goods were: Components/Devices (Semiconductors), 26.1 percent; Machinery and mechanical appliances,
16.2 percent; Electronic Data Processing, 9.6 percent; and Base Metals, 15.8 percent.
Meanwhile, the following commodities pulled down the growth of the total Imports of Goods: Mineral fuels, negative 12.0 percent; Transport equipment, negative
2.0 percent; and Medical and Pharmaceutical products, negative 9.5 percent.

National Accounts

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