BusinessWorld
February 15, 2021 | 12:32 am
AGRICULTURE exports may see a rebound this year. PHILIPPINE STAR/MICHAEL VARCAS
THE EXPORT INDUSTRY is expecting the agriculture sector to lead some export recovery this year, while manufacturing growth will remain slow.
Philippine Exporters Confederation, Inc. (Philexport) President Sergio R. Ortiz-Luis, Jr. said that while he is hoping agriculture exports could grow, shipments of big-ticket items like electronics to other countries will continue to be strong.
“If regulations can be fixed, we hope mining ore exports could grow too,” he said in mixed English and Filipino in a phone interview on Feb. 4.
These mining exports could serve as substitutes, he said, while most other exports are down because of low demand in the global market.
BusinessWorld
January 21, 2021 | 12:34 am
THE TRADE department revised its export targets for this year and 2022 to reflect the extent of the impact of the coronavirus pandemic and sluggish global demand.
âIn this revised set of targets, we will reach $105 billion by 2022, but still growing from $91.7 billion in 2021,â Trade Secretary Ramon M. Lopez said in a statement.
The $105-billion target by 2022 is slightly higher than the $103.9-billion target the Trade department announced on Jan. 3.
Asked why the department revised its targets anew, Mr. Lopez told reporters via Viber: â
Lumabas na kasi âyung January to November. That pushed up the 2020 base year (The January to November data pushed up the 2020 base year).â
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