Exports

1 Apr 2024 – PH hits record-high goods, services exports in 2023 at $104B

Published by rudy Date posted on April 3, 2024
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1 Apr 2023 – Highlights of the 2022 Annual International Merchandise Trade Statistics of the Philippines

Published by rudy Date posted on April 3, 2023
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Exports to breach 2021 target – DTI

Published by rudy Date posted on November 28, 2021

by Louella Desiderio – The Philippine Star, 28 Nov 2021 MANILA, Philippines — The Department of Trade and Industry (DTI) expects the country’s merchandise exports to exceed this year’s target of $55.8 billion given the positive performance of products being shipped overseas.

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Electronics exporters hike growth forecast

Published by rudy Date posted on November 22, 2021

by Louella Desiderio – The Philippine Star, 22 Nov 2021 MANILA, Philippines — The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) has hiked its growth forecast for the country’s electronics exports this year to 10 percent amid strong demand. SEIPI president Dan Lachica said in a Viber message, the group raised its…

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BIR suspends 12% VAT on exporters’ purchases

Published by rudy Date posted on July 22, 2021

by Louella Desiderio, Elijah Felice Rosales (The Philippine Star), 22 Jul 2021 MANILA, Philippines — The Bureau of Internal Revenue (BIR) has agreed to suspend the imposition of the 12 percent value-added tax (VAT) on local purchases of raw materials and packaging products of exporters, according to the Philippine Economic Zone Authority (PEZA) and House…

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Philippine exporters incur losses due to global shipping disruptions

Published by rudy Date posted on June 16, 2021

by Louella Desiderio (The Philippine Star), 16 Jun 2021 MANILA, Philippines — Local exporters are incurring higher costs and losses due to disruptions in the global container shipping industry.

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PHL exporters may miss recovery boat on container woes

Published by rudy Date posted on June 2, 2021

BY CAI ORDINARIO, 2 Jun 2021 PHILIPPINE exporters may not be able to take advantage of the recovery of the country’s export markets because of the container crisis, according to exporters and local economists.

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Philippine exports to lag in ASEAN

Published by rudy Date posted on June 1, 2021

by Louise Maureen Simeon (The Philippine Star), 1 Jun 2021 MANILA, Philippines — While exports are expected to post a huge turnaround this year, the Philippines is seen lagging behind the other ASEAN-6 economies as COVID-19 cases continue to impact external trade, an international think tank said.

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Exporters lament worsening logistics constraints

Published by rudy Date posted on May 30, 2021

(The Philippine Star), 30 May 2021 MANILA, Philippines — Exporters are seeking “very urgent” assistance to cope with worsening supply chain and logistics issues, including lack of vessel space, soaring freight rates and container shortage resulting in shipment delays and huge losses.

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Exports recover in September as imports remain weak

Published by rudy Date posted on November 5, 2020

By: Ben O. de Vera, Philippine Daily Inquirer, 5 Nov 2020 The value of products sold by the Philippines abroad inched up by 2.2 percent year-on-year to $6.22 billion in September and cut short six straight months of exports decline—a green shoot of recovery seen largely dependent on China’s economic growth despite the COVID-19 pandemic.

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Electronics exporters turn less pessimistic

Published by rudy Date posted on September 30, 2020

by Louella Desiderio (The Philippine Star), 30 Sep 2020 MANILA, Philippines—The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) has revised its forecast for the country’s total electronics exports and now sees a smaller contraction of 15 percent this year.

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Electronics exports seen to drop by 20%

Published by rudy Date posted on September 11, 2020

by Louella Desiderio (The Philippine Star), 11 Sep 2020 MANILA, Philippines — With the outbound shipments of electronic products on a double-digit decline in the seven months to July this year, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) expects total electronics exports to fall by a fifth this year from a…

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Dip in March exports, imports blamed on pandemic-disrupted supply chain

Published by rudy Date posted on May 6, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 6 May 2020 MANILA, Philippines – Global and domestic supply chain disruptions caused by the COVID-19 pandemic, which limited movement not only of people but also of goods, inflicted a sharp drop in the Philippines’ exports and imports in March, the government reported on Wednesday.

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PH export, import growth goals slashed

Published by rudy Date posted on April 24, 2020

By: Ben O. de Vera, Philippine Daily Inquirer, 24 Apr 2020 With global demand and supply constrained by the COVID-19 pandemic, the government economic team has slashed the country’s external trade growth targets even as it expects domestic inflation to settle within a slightly lower range this year.

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Corruption, other barriers hound US exporters to Philippines

Published by rudy Date posted on April 15, 2020

by Louella Desiderio (The Philippine Star ), 15 Apr 2020 MANILA, Philippines — US exporters continue to face barriers to expanding trade with the Philippines such as corruption, phytosanitary and sanitary measures, foreign investment restrictions, as well as concerns on intellectual property (IP) protection, the Office of the US Trade Representative (USTR) said.

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Chinese virus-related slump to slash $50 billion in global exports – U.N.

Published by rudy Date posted on March 5, 2020

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Exports of garments seen posting flat growth in 2020

Published by rudy Date posted on March 2, 2020

By Elijah Felice Rosales, Businessmirror, 2 Mar 2020 The garments industry is projecting exports to register flat growth this year, as firms struggle to alternative sources for raw materials outside of crisis-hit China.

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PH exports reach record-level US$70B in 2019 despite global uncertainties – DTI Chief

Published by rudy Date posted on February 11, 2020

Exports grow by 21% in December 2019 MAKATI – Department of Trade and Industry (DTI) Secretary Ramon Lopez said that Philippine exports reached a record-high of US$70.3 billion in 2019 from US$69.3 last year despite external headwinds from the global trade policy uncertainties, geopolitical tensions, and country-specific challenges.

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Philippine exports, imports nosedive in December 2018

Published by rudy Date posted on February 12, 2019

The Philippine Statistics Authority says both imports and exports shrank in December 2018. Overall, the country’s trade gap is now at its widest in history. by Ralf Rivas, Rappler, Feb 12, 2019 MANILA, Philippines – The government said a weak peso would lift exports. It did not. The government said it is aggressively pushing infrastructure…

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DTI pushes for more non-electronics exports

Published by rudy Date posted on December 26, 2018

by Louella Desiderio (The Philippine Star) – Dec 26, 2018 MANILA, Philippines — The Department of Trade and Industry (DTI) is pushing for more non-electronics exports for next year to diversify the country’s merchandise shipments and help promote development in the countryside.

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EU now top destination for Philippine exports

Published by rudy Date posted on May 16, 2017

By Pia Lee-Brago (The Philippine Star), May 16, 2017 MANILA, Philippines – Despite President Duterte’s series of expletives against the regional grouping, the European Union was the largest destination of exports from the Philippines with $901 million in March this year, latest data the Philippine Statistics Authority (PSA) showed.

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Exports can withstand EU GSP+ loss

Published by rudy Date posted on January 19, 2017

By Richmond Mercurio (The Philippine Star), Jan. 19, 2017 MANILA, Philippines – Philippine exports should be able to endure the impact of the country possibly losing its Generalized System of Preferences Plus (GSP+) privileges with the European Union (EU) due to rising cases of alleged extrajudicial killings and plans to bring back the death penalty,…

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$100-B export target reset to 2020 as global demand remains sluggish

Published by rudy Date posted on December 8, 2016

By Richmond Mercurio (The Philippine Star), December 8, 2016 The Philippines targets to reach the $100-billion milestone next year under the original Philippine Export Development Plan (PEDP) 2015-2017, but successive setbacks in the country’s export growth behind sluggish global trade have prompted government and export group officials to scale down and push back targets. AP/Koji…

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Exports fall eases to 2.4% in 2015 – DTI

Published by rudy Date posted on February 17, 2016

Aggregate exports of goods and services likely declined 2.4 percent last year, the Department of Trade and Industry (DTI) said.

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Exporters to continue seeing drop in sales as weak demand to persist

Published by rudy Date posted on January 12, 2016

The country’s lackluster export performance is expected to continue this year on the back of weak global economic growth, according to the National Economic and Development Authority (Neda).

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Exports shrink at steepest pace in 4 years

Published by rudy Date posted on November 11, 2015

MANILA, Philippines – Philippine exports shrank 24.7 percent in September, the steepest drop in four years.

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Export agency confident 2016 shipments will breach $100B

Published by rudy Date posted on May 26, 2015

DAVAO CITY — The government remains confident export earnings will breach the $100-billion mark in 2016, despite a slowdown in the first quarter this year, led by processed agricultural and mineral products as well as information technology services, an Export Development Council (EDC) official said.

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Exports end decline, rise 2.1% in March

Published by rudy Date posted on May 13, 2015

SUSTAINED GROWTH SEEN AS WORLD MARKETS RECOVER The value of Philippine goods shipped abroad rose 2.1 percent year-on-year last March on the back of higher shipments of manufactured and mineral products, ending three straight months of lower exports. For the rest of the year, signs pointing to global economic recovery are expected to boost the…

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Export council to slash 2016 target by 25 percent to $90 billion

Published by rudy Date posted on June 17, 2014

MANILA – The Export Development Council (EDC) is looking at a revised export goal of $90 billion for 2016—or 25 percent lower than the original target—to be incorporated in the three-year Philippine Export Development Plan (PEDP) currently being crafted.

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Export council lists hurdles to targets

Published by rudy Date posted on May 19, 2014

A RISING peso, the inadequate volume of farm exports, and any letup to the recovery of the biggest markets for Philippine exports may prevent shipments of merchandise goods from achieving growth targets, an official of the public-private Export Development Council (EDC) yesterday said.

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