Philippines Imports Up 6.6% June,2011

Philippine imports in June climbed 6.6%, The largest import category is inputs used by the semiconductor and electronics industry, the country's biggest export sector and a major contributor to the economic imports of electronic parts fell 20.7% in June from a year earlier after a 11.2 percent annual rise in May.

Merchandise exports fell a revised 9.4% in June from a year earlier to $4.128 billion.

Manila has forecast exports to climb between 9 to 10 % this year and 12 % next year. Imports are expected to rise 17 to 18% in 2011 and 18% in 2012.

Exports grew 34% and imports 27% in 2010.

Apart from electronic parts and fuel, the Philippines' other top imports are rice, electrical and industrialmachinery, transport equipment etc…