Imports of Goods

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*As of 3rd quarter of 2017.

“Imports on Consignment” – Starting 2011, Manufactured Products on Consignment Basis are not treated as imports of goods following the recommendation of the 2008 System of National Accounts (SNA), rather it is treated as exports of  processing services under the Exports of Services.The PSA  will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas,  reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts for this item from 2010 backwards.

“Others” – Includes goods acquired under merchanting following the recommendation of the 2008 SNA. This item used to be part of Exports of Services.

Source: Philippine Statistics Authority (PSA) National Accounts