Department of Agriculture (DA) Secretary Francisco Tiu Laurel said he is open to shifting the importation of key agricultural goods to the United States (US) from other countries, as part of the government’s strategy to reduce the reciprocal tariffs imposed on Philippine goods. A delegation of...
Chinese imports to the Philippines and Philippine exports to the United States (US) surged in the first quarter, amid escalating trade tensions between Washington and Beijing that threaten to disrupt the global economy. The latest preliminary Philippine Statistics Authority (PSA) data on Wednesday,...
Net importing countries like the Philippines should brace for a barrage of Chinese goods as China seeks alternative markets to the United States (US) amid intensifying trade tensions between the two economic giants, according to the think tank Capital Economics. In an April 15 report, Capital...
Brazil, the world’s leading meat exporter, is expected to significantly boost its export market this year due to rising demand from key trading partners, including the Philippines, which is battling the spread of animal diseases in its domestic production. In a report, the United States...
The Philippines increased its meat imports by 33 percent as of the end of February, as traders ramped up purchases amid the continued spread of animal diseases affecting domestic production. Based on the latest data from the Bureau of Animal Industry (BAI), meat purchases abroad from January...
The Philippines is expected to see a decline in rice imports in the upcoming marketing year due to a projected increase in rice production, according to the United States Department of Agriculture (USDA). In a report dated March 28, the USDA’s Foreign Agricultural Service (FAS) in Manila...
Philippines expands poultry import ban amid rising bird flu cases in US states. The Philippines, through the Department of Agriculture (DA), has expanded its temporary ban on the importation of poultry products to three more American states to prevent the spread of bird flu in the country....
Amid a Trump-led global trade war looming on the horizon, the Philippines sourced more products from China while it exported more goods to the United States at the start of 2025. Preliminary Philippine Statistics Authority (PSA) data on Friday, Feb. 28, showed that the value of the Philippines'...
The Department of Agriculture (DA) is planning to allocate the majority of the pork imports under the 55,000 metric tons (MT) of the minimum access volume (MAV) quota to meat processors—a move aimed at stabilizing prices of processed meat products. In a statement, Agriculture Secretary Francisco...
The Department of Trade and Industry (DTI) is taking a proactive measure in response to United States (US) President Donald Trump’s proposed universal tariffs that could potentially threaten the country’s export sector. In a statement, DTI Secretary Cristina Roque noted that the US is a major...
Despite a slight narrowing of the trade deficit, the country’s exports and imports slumped to five-month lows in November due to storms and a weakening global economy. The country's trade balance, or the difference between the value of exports and imports, amounted to a deficit of $4.77 billion...
The country’s trade deficit widened by 36.8 percent to $5.8 billion in October this year compared to the previous year, driven by a surge in imports and a decline in exports. Data from the Philippine Statistics Authority (PSA) showed that the country's total external trade in goods reached $18.13...
