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The country’s total import services in S1 2018 amounted to US$13.01 billion, an increase of 0.5% from US$12.94 billion in S1 2017.  Travel services topped the country’s import services, with receipts valued at US$5.92 billion, an increase of 0.3% from its level last year at US$5.90 billion.  Other top import services in were: transport services, US$2.42 billion; other business services, US$2.21 billion; insurance and pension services, US$757.1 million; and, telecommunications, computer, and information services, US$509.4 million.

 

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The country’s total export services in S1 2018 amounted to US$18.87 billion, an increase of 12.8% from US$16.73 billion in S1 2018.  Other business services led the country’s top export services, with receipts valued at US$8.14 billion, an increase of 6.2% from its level last year at US$7.66 billion.  Other top export services in S1 2018 were: travel, US$3.90 billion; telecommunications, computer, and information services, US$3.23 billion; manufacturing services on physical inputs owned by other, US$1.92 billion; and transport services, US$1.27 billion.

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International tourist arrivals to the Philippines rose by 7.7% to 7.1 million visitors in 2018 compared to its level last year.

South Korea remained the country's top tourism market with 22.3% share to the total PH tourist arrivals in 2018, with 1,587,959 visitors. China was second with 1,255,258 visitors in the country, followed by the US with 1,034,396, Japan with 631,801 and Australia with 279,821.

The highest number of tourist arrivals in 2018 was recorded in January at 732,506 visitors, while the lowest was in September at 512,240 visitors.

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The Philippines’ trade in services for January-June 2018 (S1 2018) amounted to US$5.87 billion, an increase of 48.0% from US$3.96 billion recorded during the same period last year.  Total export services increased by 13.4% to US$18.87 billion in S1 2018 from US$16.73 billion S1 2017.  Similarly, total import services increased by 0.5% from US$12.94 billion in S1 2017 to US$13.01 billion in S1 2018.  

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Remittances from Filipinos overseas started 2019 strong as it reached US$2.48 billion, which is 4.4% higher than the US$2.38 billion remittances during the same month last year. USA contributed the highest with US$882.43 million or 35.5% of the total cash remittances to the Philippines. Followed by KSA (US$172.72 million) and Singapore (US$154.55 millio­­­­n).

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