Customs Revenue Collections Up 2.6% from Jan-April

Non-oil import collections up 5%

Total collections of the Bureau of Customs (BOC) for the first four months of 2015 reached P120.384-Billion, an increase by P3.118 billion or P2.6% over the P117.266-Billion collected from January to April of 2014.

Collections from non-oil grew by 5% year-on-year from P21.623-Billion in April 2014 to 22.699-Billion April 2015, driven by the increase in both its volume and value of imports by 12.0% and 2.6%, respectively.

Despite an increase in collections of non-oil imports, the Bureau of Customs (BOC) posted a total collection of P28.141-Billion in April, 8.5% lower than the P30.764-Billion collected in April 2014.

On the other hand, despite a 6.7% increase in the  volume of oil imports, collection on oil imports-which was 30% of total collections in April last year-fell to P5.441 billion from 9.141 billion in 2014, due to a 45% drop in the weighted average values of crude oil and petroleum products.

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April  2015 Actual  vs  April  2015 Target vs April 2014 Actual

(In Billion Pesos)

 Table 1

Note: Data is based on Bureau of the Treasury (Remittance)

January-April 2015 Collection Performance

(In Billion Pesos)

Table 2

Note: Data is based on Bureau of the Treasury (Remittance)