Of the about $6.2 billion of OFW money sent to the Philippines for the first 4 months of 2011,

about 13.24 percent or $822.43 million came from OFWs working in other Asian countries, according to data compiled by the Bangko Sentral ng Pilipinas.

With a growth rate of 442%, remittances from Mongolia showed the highest rate of increase compared to remittances in the first 4 months of 2010. India followed, with an increase rate of almost 102%. The biggest drop rates were seen in remittances from Pakistan, Macau, Maldive Islands and Vietnam.

Rank    Asian Country    Remittance Jan-Apr 2011
in US dollars
1. Japan296.40 million
2. Singapore255.37 million
3. Hongkong121.54 million
4. Taiwan51.75 million
5. South Korea44.75 million
6. Malaysia31.63 million
7. China8.76 million
8. Indonesia5.14 million
9. Thailand2.07 million
10. Brunei1.41 million
11. India1.19 million
12. Vietnam777 thousand
13. Cambodia339 thousand
14. Mongolia320 thousand
15. Macau266 thousand
16. Sri Lanka206 thousand
17. Afghanistan148 thousand
18. Laos119 thousand
19. Bangladesh110 thousand
20. Maldive Islands47 thousand
21. Pakistan34 thousand
22. Nepal33 thousand
23. East Timor1 thousand
– Bhutan0
– Myanmar0
– North Korea0

Note for North Korea:  A total of US$ 7.55 million were remitted from North Korea from 2006 to 2007. According to a 2006 issue of Manila Standard Today, some Filipinos worked during those years for United Nations agencies and the British-American Tobacco Co. and the others were musicians.

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