The World News AM
Friday, May 9, 2025
  • Login
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
The World News AM
No Result
View All Result
Home Philippines

Philippine exports surpass 100 billion USD for first time

WNAM: by WNAM:
April 2, 2024
in Philippines
0
Philippine exports surpass 100 billion USD for first time
0
SHARES
17
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

(WNAM Monitoring): Philippine exports exceeded 100 billion USD for the first time in 2023, with a total of 103.6 USD, a 4.8% increase from 2022, the Philippines’ Department of Trade and Industry (DTI) said on April 1.

Citing data from the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, DTI Secretary Alfredo Pascual said that the strong performance of the information technology and business process management sectors and a turn-around in tourism revenues drove the growth.

Due to enhanced travel connectivity and promotional efforts, the Southeast Asian country recorded a surplus in tourism revenues for the first time in 15 years, reaching 9.1 billion USD in 2023, more than doubling its 2022 level.

According to the DTI, much of the export growth was driven by a significant expansion of 17.4% in the country’s services exports, with travel services contributing nearly 70% of the incremental services export receipts in 2023.

However, weak external demand in the goods sector dampened exports’ overall contribution to economic growth. In 2023, total exports accounted for 27% of the country’s gross domestic product (GDP).

According to BSP data, goods exports faced challenges, with electronics declining by 3.4% or 955 million USD compared to 2022.

The minister acknowledged that this decline highlights the importance of diversifying export portfolios and enhancing competitiveness in key sectors.

ShareTweetShare
WNAM:

WNAM:

Related Posts

Thousands rally to demand release of Philippine’s ex-President

Thousands rally to demand release of Philippine’s ex-President

by WNAM:
March 17, 2025
0

WNAM MONITORING: Some 20,000 people joined a march in the Philippines' Davao City on Sunday to demand the release and...

Philippines, US hold joint maritime exercises in South China Sea

Philippines, US hold joint maritime exercises in South China Sea

by WNAM:
January 19, 2025
0

MANILA: The Philippines and the United States carried out joint maritime exercises for a fifth time in the South China...

Philippines, US, Australia, Canada launch drill in South China Sea amid rival exercise by Beijing

Philippines, US, Australia, Canada launch drill in South China Sea amid rival exercise by Beijing

by WNAM:
August 7, 2024
0

WNAM MONITORING: The Philippines, US, Australia, and Canada launched joint sea and air drills on Wednesday in the South China...

Philippines takes cancer screening into the workplace

Philippines takes cancer screening into the workplace

by WNAM:
February 23, 2024
0

MANILA: Saddled with high cancer rates and late diagnoses, the Philippines is trying a whole new tack: asking businesses to...

Philippines boosts efforts to attract Saudi tourists

Philippines boosts efforts to attract Saudi tourists

by WNAM:
January 20, 2024
0

MANILA: The Philippines is boosting efforts to attract Saudi tourists, its chief of mission in Riyadh told , as the...

Next Post
15 Vietnamese banks listed in Brand Finance Banking 500 2024 ranking

15 Vietnamese banks listed in Brand Finance Banking 500 2024 ranking

Azerbaijan, Belarus expand cultural ties

Azerbaijan, Belarus expand cultural ties

  • Home
  • World
  • Gulf
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In