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...
After narrowing in August, the country's trade deficit widened again in September as exports fell sharply while imports continued to rise, the Philippine Statistics Authority (PSA) reported. PSA data showed the trade balance—the difference between exports and imports—increased to a...
Moody’s Analytics expects that this year’s dismal foreign trade performance will rebound next year, aligning with government expectations. “The trade performance this year has been underwhelming, but we see opportunities for a pickup in 2025,” Moody’s Analytics said. In August, the...
The country’s trade deficit narrowed in August as imports grew at a slower pace than exports, the Philippine Statistics Authority (PSA) reported. Data from the PSA showed that the trade balance—the difference between exports and imports—fell to a 6.6-percent deficit of $4.38 billion, from an...
The Philippine Statistics Authority (PSA) reported that the country’s trade deficit widened in June this year as exports declined faster than imports. The balance of trade in goods in the country recorded a deficit of $4.3 billion in June, higher by 9.3 percent than the $3.9 billion deficit in...
By XANDER DAVE CEBALLOS A passport that will ease the customs procedures and reduce administration costs for imports such as commercial samples and exhibition items is set to be implemented. The Bureau of Customs and the Philippine Chamber of Commerce and Industry (PCCI) launched the ATA Carnet...
The country’s trade deficit widened in May after a measly decline in imports and exports, data from the Philippine Statistics Authority (PSA) showed Wednesday, July 10. The trade deficit, or the difference between the value of exports and imports, reached $4.60 billion in the fifth month of 2024,...
