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07-14-2006
AMBASSADOR ANTONIO PAYS COURTESY CALL TO CHINESE AMBASSADOR
Ambassador Jose E.B. Antonio, Philippine Special Envoy to China,
recently paid a courtesy call to Ambassador Li Jinjun at the Chinese
Embassy in Manila... |
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03-24
2006
Malacaņang Lunch
President Arroyo today hosted an
informal lunch affair in Malacanang for the country’s young taipans ... |
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| Trade Balance:
Basic Indicators |
The balance of trade between China and
the Philippines swung in favor of the Philippines covering a three
(3) year straight period from 2002-2004, with an average annual rate
of 47%, from a US$ 2.5 B, 2002 Philippine exports to China to a US$
9.1 B in 2004
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BILATERAL
MERCHANDISE TRADE (Value in US$ Million)
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Year |
Total Trade |
Exports to China |
Imports from China |
Balance of Trade |
| 2001 |
1,746 |
793 |
953 |
-160 |
| 2002 |
2,584 |
1,353 |
1,231 |
122 |
| 2003 |
3,936 |
2,143 |
1,793 |
350 |
| 2004 Jan- May |
1,764 |
842 |
922 |
-80 |
| Growth % |
26.81 |
39.72 |
16.94 |
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| Top Philippine
exports in 2004 consisted of semi-conductors devices, copper
cathodes, parts & accessories, automatic data processing
machines, unmilled wheat & meslin. |
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| PROC Investments in
the Philippines |
As of 4th
quarter of 2003 total Foreign Direct Investments (FDI) of PROC stake
holders in Philippines amounted to PHP 3.1 Billion.
BOI data
accounts for an additional FDI valued at PHP 74.7 Million by the 1st
quarter of 2004.
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Total Approved Foreign Direct Investments
by Country of Investor
2003 (in million pesos)
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Country
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1st |
2nd |
3rd |
4th |
Total
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Quarter |
Quarter |
Quarter |
Quarter |
| Australia |
2.5 |
0.4 |
982.7 |
0.0 |
985.6 |
| Br. Virgin Is. |
5.4 |
53.0 |
11.0 |
0.0 |
69.4 |
| France |
0.0 |
3.0 |
0.0 |
16.8 |
19.8 |
| Germany |
106.8 |
36.6 |
277.8 |
30.9 |
452.1 |
| Hong Kong |
2.7 |
152.0 |
57.8 |
43.4 |
255.8 |
| Indonesia |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Italy |
0.0 |
11.8 |
0.0 |
0.0 |
11.8 |
| Japan |
1,809.3 |
3,211.02 |
1,290.3 |
2,530.2 |
8,840.8 |
| Korea |
293.3 |
104.4 |
127.0 |
187.7 |
712.2 |
| Malaysia |
14.0 |
31.0 |
0.0 |
0.0 |
45.0 |
| Netherlands |
1.8 |
15.1 |
1,594.9 |
2,254.1 |
3,865.9 |
| PROC |
148.2 |
17.7 |
53.5 |
91.3 |
310.8 |
| Singapore |
234.4 |
19.5 |
25.8 |
15.2 |
294.9 |
| Sweden |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Switzerland |
49.5 |
10.6 |
0.0 |
8.0 |
68.1 |
| Taiwan |
140.1 |
229.8 |
170.2 |
2,013.30 |
2,553.50 |
| Thailand |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| UK |
1,922.9 |
291.4 |
42.4 |
124.0 |
2,553.50 |
| USA |
1,559.8 |
2,816.5 |
1,118.0 |
4,937.8 |
10,432.1 |
| Others |
22.3 |
49.0 |
744.7 |
1,895.9 |
2,711.9 |
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Total |
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Total Approved Foreign Direct Investments
by Industry
2003 (in million pesos) |
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Industry |
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Total |
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| Agriculture |
19.3 |
0.0 |
5.0 |
1.0 |
25.3
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| Mining |
35.1 |
0.0 |
820.6 |
0.0 |
855.6
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| Manufacturing |
2,681.1
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5,608.1
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3,332.2
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9,012.7
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20,634.0
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| Electricity |
0.0 |
0.0 |
0.0 |
103.4 |
103.4
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| Gas |
1,827.2
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0.0 |
0.0 |
0.0 |
1,827.2
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| Water |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Construction |
0.0 |
0.0 |
0.0 |
2,566.8
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2,566.8
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| Trade |
0.0 |
708.5 |
14.0 |
37.9 |
760.5
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| Transportation |
17.1 |
0.0 |
42.4 |
132.8 |
192.3
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| Storage |
22.3 |
299.5 |
25.4 |
0.0 |
347.3
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| Communication |
0.0 |
97.3 |
0.0 |
1,090.5
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1,187.8
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| Finance and Real
Estate |
0.0 |
10.6 |
0.0 |
890.3 |
900.9
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| Services |
1,710.6
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328.9 |
2,256.5
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313.4 |
4,609.3
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Total
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6,312.6
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7,052.8
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6,496.2
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14,148.7
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34,010.3
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| Sources of Basic Data: Board of
Investments (BOI), Philippine Economic Zone Authority (PEZA), Subic
Bay Metropolitan Authority (SBMA) and Clark Development Corporation
(CDC). |
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