The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand. “The revised targets are lower than...
(MANILA BULLETIN FILE PHOTO) The Department of Trade and Industry (DTI) has reduced by 20 percent its medium-term export projections from $130 billion target to $103.9 billion by 2022 amid the impact of the lingering COVID-19 pandemic on Philippine industries. In adjusting downward the export...
The country’s trade deficit narrowed in October this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $1.77 billion in...
Lower goal of $122 B in 2022 ‘doable’ The Philippine Export Development Plan (PEDP) is currently under review whether or not the country’s export target, even the lower end-target of $122 billion in 2022, is still doable given the continuing challenges posed by the COVID-19 pandemic. Trade...
The country’s exports increased in September this year, the first monthly growth in seven months, data from the Philippine Statistics Authority (PSA) showed. As the country’s economy gradually reopened, sales from export during month returned to growth for the first time since February, a month...
The country’s trade deficit dropped in August as imports slowed at much faster pace than exports, data from the Philippine Statistics Authority (PSA) showed. The gap in the trade balance, which is the difference between the value of export and import, reached $2.07 billion in August, lower by 31...
The Philippines has a very limited production and exports volume of fructose syrup and as such it will not be affected by the decision of Indonesia to slap safeguard duty on the said product. Trade and Industry Export Marketing Bureau Director Senen Perlada (Photo credit:...
