Exports

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.

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…

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…

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.

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.

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.

(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.

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.

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.

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…

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.

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.

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.

Read more here.

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.

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.

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…

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.

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.

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,…

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…

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

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).

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

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.

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…

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.

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.