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National Unity Party (NUP) president and Camarines Sur Rep. LRay Villafuerte sees the enactment of the law institutionalizing the “One Town, One Product” (OTOP) program as “timely” as it “dovetails” with a recent directive by President Marcos for concerned government agencies to implement programs and projects meant to develop and promote Philippine exports. Villafuerte said […]
The bilateral agreement sealed during the state visit of President Ferdinand Marcos Jr. in Beijing early January this year is now being fully implemented with the first batch of Philippine durian shipped to the People’s Republic of China on April 6 thru the Davao International Airport. The 28-ton durian cargo, which approximately weighs 28,000 kilograms, […]
The Department of Agriculture (DA) is preparing to expand the production of durian among other high value crops in the country following the recent state visit of President Ferdinand Marcos Jr. wherein he secured a $2-billion fruit export deal with China. “One of the focal points of the discussion is the durian imports by China […]
The Philippine Department of Trade and Industry- Export Marketing Bureau (DTI-EMB) partners with Andalin to boost trade and business-to-business (B2B) interactions between the Philippines and Indonesia. A memorandum of understanding (MoU) was signed by DTI and Andalin recently. The signing was led by Supervising Assistant Secretary of DTI-EMB Glenn Peñaranda and Andalin COO Saut Tambunan. […]
Contributing to the sustained expansion of the country’s economy, the Philippine exports grew by 8.4%, reaching $31.87 billion from January to May 2022 from $29.40 billion in 2021, based on the preliminary data from Philippine Statistics Authority (PSA). On a year-on-year (YOY) basis, Philippine merchandise exports increased by 6.2%, adding $6.31 billion this month in […]
Philippine exports hit the highest quarterly record in the last six years at $19.4B in the first quarter of 2022, increasing by 9.8% as compared to the same period last year based on the preliminary data from the Philippine Statistics Authority (PSA). From 2017 to 2020, first-quarter export levels hovered around $16B. This record was […]
The strategic goods export authorizations issued by the Department of Trade and Industry – Strategic Trade Management Office (DTI-STMO) last year was able to generate $4.5-B in revenue, a significant increase as compared to the previous year’s export value of $3.6-M which was based on reports submitted by exporters to the DTI-STMO. Exports of information […]
Philippine merchandise exports capped 2021 with a 14.5% growth with a value reaching $74.6B, based on preliminary data from the Philippine Statistics Authority (PSA). Despite the emergence of a new COVID-19 variant that has impeded the full recovery of the global economy, Philippine exported goods increased in December which added $6.3B in the country’s export […]
Despite continued disruptions in the global economy due to COVID-related restrictions, the Philippine exports grew by 15.2% from January to November 2021 to $68.4B compared to the same period in 2020, based on Philippine Statistics Authority (PSA) preliminary data. Philippine merchandise exports increased by 6.6% year-on-year (YOY) amounting to $6.3B in November 2021 from $5.9B […]
Even in the face of the rising wave of new COVID-19 cases globally, Philippine exports grew by 17.6% in August 2021 bringing cumulative exports to $48.9 billion for the first eight months of the year. The year-to-date August figure is 19.6% higher than the $40.9B recorded during the same period last year and also […]