The Department of Trade and Industry (DTI) expects Philippine exports to exceed government targets this year as overseas demand remains strong.
Goods exports rose nearly 13% from January to July to $54.92 billion, with electronics accounting for more than 63% of the total.
Service exports also grew 4% year-on-year in the first quarter to $12.79 billion.
DTI is urging exporters to maximize free trade agreements and preferential trade programs, including the UK’s Developing Countries Trading Scheme.
The agency is also exploring a possible bilateral free trade agreement with the UK after the Philippines eventually exits the scheme.
Source: PhilNews24 | August 31, 2026
