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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 […]
Philippine-grown pineapples and mangoes will soon find their way through additional ports of entry in the United States. This favorable development came after the Philippine Department of Agriculture’s Bureau of Plant Industry (DA-BPI) and the US Department of Agriculture’s Animal and Plant Health Inspection Service (USDA-APHIS) mutually agreed on and threshed out several pending issues, […]
Philippine exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed $5.89-B to total trade or a 29.8% growth for May 2021, over the previous year’s $4.54-B. This effectively shrunk the Balance of Trade by $329.9M from April 2021 figures, even […]
In partnership with the Department of Agriculture (DA) and the Department of Trade and Industry (DTI), the Philippine Okra Producers and Exporters Association (POPEA) started the commercial shipment of fresh okra to the Republic of Korea at the Philippine Airlines Cargo Terminal. Agriculture Secretary William Dar and Trade Secretary Ramon Lopez showed the government’s full […]
The Export Development Council (EDC), the export policy-making body in the country, has lauded the swift and positive response of the Department of Agriculture (DA) to help lower the cost of fruits and vegetable exports. EDC Chairman and Department of Trade and Industry (DTI) Secretary Ramon Lopez noted that exporters can now avail of free […]
Exports of agriculture and fishery products have provided the bright spot to the otherwise bleak picture of the country’s trade numbers. The Department of Agriculture said export shipments of agri-fishery products from January to March 2020 grew by 12 percent to $1.31 billion, from $1.17B recorded for the same period in 2019, citing data from […]
Exports by the Philippines reached a record-high of $70.3 billion in 2019 from $69.3 last year despite external headwinds from the global trade policy uncertainties, geopolitical tensions, and country-specific challenges, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. “The relatively strong export performance of the Philippines transpired amid DTI’s strong efforts in attracting […]
Senator Sonny Angara is calling for more support for local industries, with particular focus on diversification in order to boost exports and help the growth of the local economy. Presiding over the Development Budget Coordination Committee (DBCC) briefing on the proposed 2020 national budget as chairman of the Senate Committee on Finance, Angara noted how […]