Garment exports to grow 5% in 2026, says FOBAP

The country’s garments exports may grow by two to five percent next year from the projected $1 billion this year as the government continues efforts to bring down the US’ tariff and industry players expand to new markets, according to the Foreign Buyers Association of the Philippines (FOBAP).

- By LOUELLA DESIDERIO

In a statement released by the Philippine Exporters Confederation Inc. (Philexport), the group said that the country’s garments, textile and apparel sector’s exports are projected to rise by up to five percent next year.

For this year, FOBAP president Robert Young said the country’s garments and apparel export revenues are expected to rise to $1 billion from around $900 million last year.

Young, who also serves as trustee for the textile, yarn and fabric sector of Philexport, said advance deliveries helped cushion the impact of the US tariff.