Gov't slashes export targets for 2025-2028

The government has lowered export targets for 2025 to 2028, projecting total exports to reach up to $135 billion by 2028, down from the previous goal of $240.5 billion, amid global uncertainties.

- By LOUELLA DESIDERIO

At the National Export Congress yesterday, Department of Trade and Industry (DTI) - Export Marketing Bureau director Bianca Sykimte presented the revised export targets for 2025 to 2028.

For this year, exports are now targeted to reach between $110.8 billion and $113.4 billion, down from the previous target of $163.6 billion under the Philippine Export Development Plan.

For next year, exports are projected to grow, reaching $116.1 billion to $120.2 billion, which is lower than the previous target of $186.7 billion.

Total exports are expected to continue growing in 2027, reaching $123.3 billion to $127.4 billion, up from an earlier goal of $212.1 billion.