PHILIPPINE exports of both goods and services amounted to $103.6 billion in 2023, up 4.8 percent from the $98.83 billion in 2022, driven by the IT-BPM and Tourism sectors, according to the Department of Trade and Industry (DTI). Based on the data released by the Bangko Sentral ng Pilipinas (BSP),…
THE Philippines is aiming to grow its exports by at least 10 percent in 2024, according to the Department of Trade and Industry (DTI). “Based on market projections, without any.business as usual, [growth is] about 10 percent. So definitely, we’ll try to achieve more than 10 percent for export growth,”…
The country’s lackluster external trade performance in October 2023 reflected not only the challenges faced by the global economy but also the deep-seated issues stemming from the country’s industrial policy or lack thereof, according to local economists. On Tuesday, the Philippine Statistics Authority (PSA) disclosed that the country’s export earnings…
The Philippines is seeking to attract investments in export-oriented industries to drive exports growth and enable the country to compete with its Asean neighbors, according to Trade officials. “To achieve our exports target, it is critical for us to target investment-driven exports,” Department of Trade and Industry-Export Marketing Bureau (DTI-EMB)…
EXPORT earnings could still experience single-digit growth next year despite not being able to hit the target set in the Philippine Export Development Plan (PEDP) 2023-2028 for this year, a setback attributed to a “changing geopolitical situation,” according to the Philippine Exporters Confederation Inc. (Philexport). Philexport President Sergio R. Ortiz-Luis…