4th Quarter 2019

Gross National Income & Gross Domestic Product

Imports of Goods of the Philippines

Imports of Goods declines for the third consecutive quarter

The total Imports of Goods declined by 0.1 percent in the fourth quarter of 2019.  This was the third consecutive quarter that the total Imports of Goods contracted. In the same quarter the previous year, Imports of Goods grew by 12.8 percent.

The commodities that pulled down the Imports of Goods were: Cereals, 34.1 percent; Machinery and Mechanical Appliances, 10.6 percent; Base Metals, 26.7 percent; Metalliferous Ores and Metal Scrap, 94.6 percent; and Transport Equipment, 2.3 percent.

Meanwhile, the following commodities posted positive growths: Electronic Data Processing, 36.5 percent; Electrical Machinery, 26.4 percent; Components/Devices (Semiconductors), 2.9 percent; Telecommunication, 39.1 percent; and Mineral Fuels, 3.5 percent.

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