The Philippine Statistics Authority (PSA) reported that country's trade deficit widened in November last year due to the significant decline in exports and a rise in imports. Preliminary data from the PSA showed that the trade in goods resulted in a deficit of $4.7 billion in November, an increase...
The country’s trade deficit saw an increase in October after both exports and imports contracted by double-digits, data from the Philippine Statistics Authority (PSA) showed Tuesday, Dec. 12. The trade deficit, or the difference between the value of export and import, narrowed by 26 percent to...
The Philippines’ trade deficit plunged in August to $4.13 billion as total external trade decreased, the Philippine Statistics Authority said on Tuesday, Oct. 10. The trade deficit in August narrowed by 34 percent from the $6.3 billion booked in the same month last year. It is also lower compared...
The Philippine Statistics Authority (PSA) reported that the country’s the trade deficit narrowed in September as imports declined at a faster pace than exports. The balance of trade in goods in the country recorded a deficit of $3.511 billion in September, lower than the $4.131 billion gap...
Philippine exports registered a modest growth in May, its first positive growth since November last year, outpacing performances of neighboring ASEAN countries, Trade and Industry Secretary Alfredo E. Pascual said. Pascual said that based on data from the Philippine Statistics Authority (PSA) said...
President Ferdinand "Bongbong" Marcos Jr. told foreign trade partners that the Philippines will be a reliable partner and will be ready to deliver as it moves to improve its export performance. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) Speaking at the international trade forum in Taguig...
The Philippines must elevate its export performance, President Ferdinand "Bongbong" Marcos Jr. said on Thursday, June 15. President Ferdinand 'Bongbong' Marcos Jr. (Noel B. Pabalate) Marcos said that through the Philippine Export Development Plan (PEDP) 2023-2028, the country will be able to do...
The 2023-2028 Philippine Export Development Plan (PEDP) 2023-2028, to be unveiled today, June 15, by President Ferdinand R. Marcos Jr., has set an ambitious exports growth target of $240.5 billion over the next six years, driven by the country’s eight major export sectors. The new PEDP...
WASHINGTON, D.C. —President Ferdinand "Bongbong" Marcos Jr. called for the reauthorization of the Generalized System of Preferences (GSP) program to boost Philippine exports to the United States. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PCO) Marcos made the call in a speech at...
Trade and Industry Secretary Alfredo E. Pascual has called for more investments in high value products to arrest the worrisome decline in the country’s exports. Trade and Industry Secretary Alfredo E. Pascual The DTI chief pointed out to the 18.1 percent decline in the country’s merchandize...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. FNI and PNIA President Dante R. Bravo...
The government estimated that the country’s exports of strategic goods reached $4.5 billion in 2022 and is expected to further increase following the launch of the Strategic Trade Management Office (STMO) e-Licensing Platform. At the official launch Monday, Feb. 9 of the STMO e-Licensing Platform...
