By: Emerson Lim and Evelyn Kao
Manila, April 28 (CNA) Taiwan was the third-biggest source of imports to the Philippines in February, behind only China and the United States, according to a report published Tuesday by the Philippines’ National Economic and Development Authority (NEDA).
The total value of Philippine imports in February expanded to US$5.3 billion in February from US$4.8 billion in the same month of last year. The increase was in stark contrast to a 12.4 percent decline in January, according to the report.
China accounted for 16.3 percent of the total import value, followed by the United States at 10.7 percent, Taiwan at 8.4 percent, Singapore at 8.2 percent, Japan at 7.6 percent, Germany at 6.7 percent, Thailand at 6.4 percent, South Korea at 6.3 percent, Malaysia at 4.6 percent and Indonesia at 4.2 percent, according to the report. [FULL STORY]