Export sales may hit only $105 billion this year as US orders slow down — Philexport

SOME EXPORTERS have seen slower orders from the United States after the 19% "reciprocal" tariff took effect last month, which could cause outbound shipments this year to be lower than previously expected, the Philippine Exporters Confederation, Inc. (Philexport) said.

- By Justine Irish D. Tabile Reporter

Philexport President Sergio R. Ortiz-Luis, Jr. said export sales may only reach between $105 billion and $110 billion for this year amid the slowdown in orders from the US.

This is below the $115.49-billion export target under the updated Philippine Development Plan (PDP) and significantly lower than the $163.6-billion projection under the Philippine Export Development Plan (PEDP).