MANILA—Despite some disruptions in the reopening of the global economy and in international trade, cumulative Philippine exports reached USD 62.1 billion in January-October 2021, growing by 16.1% compared to the same period last year and 5.71% higher than the pre-pandemic average values from 2016 to 2019. Merchandise exports increased by 2% year-on-year (YOY) to USD continue reading : PH records export growth momentum despite challenges in global trade
Scandinavian countries are the highest per capita consumers of coffee in the world. According to the CBI Ministry of Foreign Affairs, there is an opportunity for coffee origins and suppliers as evidenced by the emergence of small specialty coffee roasters in the region.
Total Philippine exports surged to an almost double-digit increase in June this year by 9.49% and gaining USD563.9M. The growth is attributed to the reopening of the global markets like US, China and EU, as well as the continuing policy to keep the export operations at full capacity despite the lockdowns. Meanwhile, imports grew slower continue reading : June exports expand 9.49%, as gains for the first half of the year climb
The Center for International Trade Expositions and Missions (CITEM) organized via Zoom a series of digital business-to-business (B2B) matchmaking events with the Philippine delegation for FOODEX and Japanese buyers, as part of the agency’s ongoing efforts to leverage borderless communication in facilitating trade and export promotion. During meetings with Japanese buyers, the Philippine delegation for continue reading : CITEM utilizes digital tools for FOODEX B2B complement
Philippine exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed USD 5.89B to total trade or a 29.8% growth for May 2021, over the previous year’s USD 4.54B. This effectively shrunk the Balance of Trade by USD 329.9M from April continue reading : PH exports continue recovery with a robust 29.8% growth in May 2021
MANILA – Supported by the global economic recovery arising from the ongoing Covid-19 vaccinations, Philippine merchandise exports in March 2021 rebounded strongly and jumped by 31.6% compared to the same month last year. At USD6.68B, March 2021 exports were even higher than the USD6.03B earned in March 2019, before the COVID-19 pandemic.
The Department of Trade and Industry – Export Marketing Bureau (DTI-EMB) advises Philippine exporters and would-be exporters to Mexico to follow the new guidelines in product labeling on food products high in sugar, fat, salt, or calories which took effect on 01 April 2021.
• The Philippine participation at the recently concluded Biofach saw promising numbers in terms of buyers met, inquiries garnered, and negotiated sales accumulated. • Center for International Trade Expositions and Missions Executive (CITEM) Director Pauline Suaco-Juan is optimistic about the increase in sales and appreciation as Biofach continues to feature its exhibitors until September 2021. continue reading : PH builds food-export momentum at Biofach 2021
Makati PH – The Philippines and Indonesia are working on a Memorandum of Understanding (MoU) to help Philippine exporters comply with Indonesia’s Law 33/2014 on Halal Product Assurance, now in effect. The MoU, now in its final stages, will facilitate trading of Halal-certified goods through a government-to-government arrangement.
MANILA, Philippines – Philippine exports under the Generalized Scheme of Preference (GSP) will continue enter the United Kingdom (UK) tariff-free this year, through its own GSP. The UK GSP replicates the market access and benefits provided by the European Union GSP (EU GSP). The Philippines is included in the UK GSP’s Enhanced Framework, the counterpart continue reading : Post-Brexit, PH exporters can now benefit from UK GSP