Philippines import of Aluminium Tubes and Pipes during 2017-20 remain inconstant

The major industries of the Philippines include manufacturing and agribusiness. Within manufacturing, mining and mineral processing, pharmaceuticals, shipbuilding, electronics, and semiconductors are the focus areas. The Philippines' economy is based on food processing; production of cement, iron, and steel; and telecommunications, among others. The agricultural sector employs 25% of the labour force but contributes only 9.3% of GDP.

Philippines import of aluminium tubes and pipes during 2017-19 has been remaining inconstant as the important volume displayed growth and de-growth. The import volume during the above period remained at 4610 tonnes and foreign revenue expended stood at $21.09 million. The projection for 2020 import volume of aluminium tubes and pipes has been analysed at 1670 tonnes and expenditure to rise at $10.39 million. However, when the projected import volume and expenditure of 2020 gets summed up with the previous three years, it reveals 6280 tonnes and $31.48 million respectively.

In 2017, the countries aluminium tubes and pipes import has been recorded at only 947 tonnes and the expenditure stood at $4.04 million, whereas in 2018 the import surged to 1867 tonnes, growth by 97.14% and the expenditure also rose to $8.26 million.

The island nation’s import of aluminium tubes and pipes in 2019 saw de-growth by 3.80%, as the import volume dipped to 1796 tonnes, but the revenue expenditure remained up at $8.79 million.

The projection for 2020 import has also been analysed with a down-turn by 7.01%, as the import volume to fall at 1670 tonnes, however, the expenditure reflects inclined to $10.39 million.

Philippines major trading nation for the importation of aluminium tubes and pipes are China, Indonesia, Japan, Malaysia, South Korea, Spain, Taiwan, Turkey, etc.