Imports grow by 6.9% in August; China tops anew

The country’s imports grew by 6.9 percent to $5.5 billion in August compared to the $5.2 billion registered during the same period last year, because of the high importation of “investment goods,” according to the National Economic and Development Authority (NEDA).

NEDA Deputy Director General Emmanuel Esguerra said that August imports were also higher than July imports by 1 percent, because of the rise in importation of seven out of 10 major commodity groups.