The country’s exports continued to recover, growing 29.8 percent in May this year, spurred by the reopening of major economies globally. Data from the Philippine Statistics Authority (PSA) showed that exports in May this year reached $5.89 billion compared to $4.54 billion in May 2020. The...
The country’s trade deficit doubled in May this year as imports expansion outweighed exports growth during the month, data from the Philippine Statistics Authority (PSA) showed. Preliminary report by the PSA revealed on Friday, July 9, that the gap in the trade balance, or the difference between...
The Philippines agricultural trade went up during the first quarter of the year, but this was mainly due to the higher amount of imported products that entered the country during the period. Latest data from the Philippine Statistics Authority (PSA) showed that the country’s total agricultural...
The country’s international trade doubled in April after both imports and exports jumped at their fastest pace in more than a decade, the Philippine Statistics Authority (PSA) reported. Preliminary data from the PSA showed on Wednesday, June 8, that the country’s total external trade in goods...
The strong economic cooperation between the Philippines and China has generated "great rewards" for both nations to propel towards economic recovery during the pandemic, according to a Chinese diplomat. President Rodrigo Duterte discusses matters with Chinese Ambassador to the Philippines Huang...
A Board Member of Sugar Regulatory Administration (SRA) backed the call of some local industry players to scrap the export allocation of the country’s sugar production for the current crop year to the United States. This, as groups like Confederation of Sugar Producers Associations, Inc. (CONFED)...
Influenced by the COVID-19 pandemic, the country’s exports of medical instrumentation jumped 84.3 percent in January, boosting overall electronics exports to slightly grew by 0.3 percent in the first month of the year, the Department of Trade and Industry said. Trade and Industry Secretary Ramon...
Amb. Benedicto V. Yujuico, president of the country’s largest business organization Philippine Chamber of Commerce and Industry (PCCI), said the Philippines should leverage its political favors with China to persuade Taiwan to allow the entry of Philippine mangoes and coconuts or face trade...
