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Philippine imports jump 22.6 percent in June

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Philippine imports
Asia   The Philippine Statistics Authority:

Philippine imports recovered in June, posting a 22.6 percent increase from a year ago level, the Philippine Statistics Authority (PSA) said.

Imports in June amounted to 5.919 billion U.S. dollars from 4. 829 billion U.S. dollars in the same month last year, owing to the increases of raw materials and intermediate goods, capital goods and consumer goods, which rose by 49.2 percent, 23.8 percent and 13.1 percent, respectively.

These increases together made up for the continuing decline in the import value of mineral fuels and lubricants, which dropped 21. 9 percent in June.

However, for the first semester, imports amounted to 30.724 billion U.S. dollars, a 2.8 percent decrease compared with 31.611 billion U.S. dollars in the same period of last year.


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