The country’s garment export this year is expected to hit $1.5 billion on favorable headways causing major shift in orders to the Philippines from big producers Vietnam and China. Robert Young, president of the Foreign Buyers Association of the Philippines, said there is no official 2022 garment...
The Philippines, the second largest papaya exporter in ASEAN, is seen to lose its papaya exports market to Malaysia if the country fails to join the Regional Comprehensive Economic Partnership (RCEP), which will abolish the 24 percent tariff on the exports of this tropical fruit. During the RCEP...
Cambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI)I . Newly confirmed DTI Secretary Alfredo E. Pascual met today, Feb. 2, with high-level Cambodian delegation...
Imports continued to outpace the country’s exports, but at a narrower level in December last year, but overall trade gap in 2022 went up 38 percent versus 2021, the Philippine Statistics Authority (PSA) reported. The PSA said on Thursday, Jan. 26, that the country’s trade gap, or the difference...
The country's trade gap dropped 21.9 percent in November last year as imports continued to outpace the country’s exports, but at a narrower level, the Philippine Statistics Authority (PSA) reported. The PSA said on Tuesday, Jan. 10, that the country’s trade gap, or the difference between the...
The Philippines, which suffers huge trade deficit against China, has the potential to expand exports by an additional $14.1 billion in the next few years from the current $11.55 billion level as it courts Chinese manufacturers, particularly in steel, green metals, electric vehicles, agriculture and...
Imports continued to outpace the country’s exports, but at a much narrower level, the Philippine Statistics Authority (PSA) reported. The PSA said on Tuesday, Dec. 13, that the country’s trade gap, or the difference between the value of export and import, dropped 13 percent to $3.3 billion in...
The country’s exports could possibly reach $240.5 billion by 2028, more than double the $113-billion level expected this year, by lifting the land ownership ceiling for agricultural investors, attracting major global players, scaling up exports of primary products, and integration of all players...
Trade and Industry Secretary Alfredo E. Pascual has called for industry development as he joined Filipino exporters in raising alarm on the need for breakthroughs amid the country’s slow export performance versus its competitors in the region. In a keynote address during the 2022 National Export...
Trade deficit accelerated last June as country’s purchases of goods from abroad outpaced the rise in sales of locally-made products, but the National Economic and Development (NEDA) just shrugged off the widening trade gap. The Philippine Statistics Authority (PSA) said Tuesday, Aug. 9, that the...
KIEV, Ukraine -- The agreement on grain exports separately signed by Russia and Ukraine in Istanbul, Türkiye, fully meets Ukraine’s interests, Ukrainian President Volodymyr Zelensky said on Friday. "The text of the document signed today is published, and everyone can read its points. They fully...
PH trade deficit widens further in April By Chino S. Leyco Trade deficit widened last April as country’s purchases of goods from abroad outpaced the rise in sales of locally-made products, the Philippine Statistics Authority (PSA) reported on Thursday, June 9. The PSA said the country’s trade...
