The Philippine Exporters Confederation Inc. (PHILEXPORT) cited the newly signed Tatak Pinoy Act as a new platform wherein the government and the private sector can work together to raise the quality of Filipino products and to sustain it for the long term. Sergio R. Ortiz-Luis Jr., PHILEXPORT...
The collapse of a major bridge in Baltimore, United States may lead to an increase in import prices for the Philippines, an economist warned. Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort said that the port congestion triggered by the bridge collapse in the US could...
Washington has granted Manila an additional raw sugar allocation that may enter the United States, the Office of the US Trade Representative (USTR) announced. In a statement, the USTR said it granted the Philippines 25,300 metric tons of additional sugar exports under the World Trade...
The country’s trade deficit plunged to $4.22 billion in the first month of 2024 after having a contraction in the value of imports, the Philippine Statistics Authority said on Tuesday, March 12. The trade deficit narrowed by 24 percent from the $5.55 billion booked in the same month last year....
The country’s value of agricultural exports and imports declined by 0.9 percent to $6.27 billion as it saw a lower trade deficit during the fourth quarter of 2023, data from the Philippine Statistics Authority (PSA) showed. This was lower than the $6.327 billion or 5.1 percent annual increase in...
The country posted a lower trade deficit in December after mild contractions in exports and imports, data from the Philippine Statistics Authority (PSA) showed Friday, Jan. 26. The trade gap, or the difference between the value of exports and imports, declined by 11 percent to $4.01 billion in...
The Philippine Statistics Authority (PSA) reported that country's trade deficit widened in November last year due to the significant decline in exports and a rise in imports. Preliminary data from the PSA showed that the trade in goods resulted in a deficit of $4.7 billion in November, an increase...
The country’s trade deficit saw an increase in October after both exports and imports contracted by double-digits, data from the Philippine Statistics Authority (PSA) showed Tuesday, Dec. 12. The trade deficit, or the difference between the value of export and import, narrowed by 26 percent to...
The Philippines’ trade deficit plunged in August to $4.13 billion as total external trade decreased, the Philippine Statistics Authority said on Tuesday, Oct. 10. The trade deficit in August narrowed by 34 percent from the $6.3 billion booked in the same month last year. It is also lower compared...
The Philippine Statistics Authority (PSA) reported that the country’s the trade deficit narrowed in September as imports declined at a faster pace than exports. The balance of trade in goods in the country recorded a deficit of $3.511 billion in September, lower than the $4.131 billion gap...
Philippine exports registered a modest growth in May, its first positive growth since November last year, outpacing performances of neighboring ASEAN countries, Trade and Industry Secretary Alfredo E. Pascual said. Pascual said that based on data from the Philippine Statistics Authority (PSA) said...
President Ferdinand "Bongbong" Marcos Jr. told foreign trade partners that the Philippines will be a reliable partner and will be ready to deliver as it moves to improve its export performance. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) Speaking at the international trade forum in Taguig...
