The Philippines will only suffer "minimal" impact from the 17-percent reciprocal tariff imposed by the United States government on the products it is importing from the country, Malacañang said. US President Donald Trump (White House) While Palace has yet to determine the industries that...
"Unstable politics" in the Philippines is getting in the way of it becoming an alternative regional export hub to Vietnam amid the threat of tariffs from US President Donald Trump, according to the think tank Capital Economics. "Vietnam has seen a surge in exports to the US in recent years...
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'...
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...
FOR THURSDAY ISSUE The Philippines' banana exports to South Korea will enjoy zero tariffs over the next five years, following the bilateral free trade agreement (FTA) taking effect in January next year. Department of Trade and Industry (DTI) Secretary Maria Cristina A. Roque said at a press...
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...
President Marcos has ordered the reorganization of the Center for International Trade Expositions and Missions (Citem) to ensure an "integrated approach" in the country's export marketing. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Through Executive Order No. 75,...
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...
While imports picked up from its August decline, exports and factory output continued declining to a two-month low mainly due to seasonal demand shifts, the Philippine Statistics Authority (PSA) reported Wednesday, Nov. 6. Total exports in September 2024 were valued at $5.96 billion, showing an 8.9...
Philippine-assembled electronics—the country's top merchandise export—may be hurt by bigger Chinese production, the World Bank said. In an Oct. 31 report, the Washington-based multilateral lender cited that the Philippines' semiconductor exports shrank 13.8 percent year-on-year in...
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...
