Phl Likely to Lower Export Targets

After setting ambitious export targets, the Philippines is seen backpedaling and revising its goals downward next year, possibly extending through the remainder of President Marcos’ term.

- By BRIX LELIS

The Export Development Council (EDC), composed of the government and the private sector, is set to convene as early as next month to establish the country's export goals for 2025 to 2028, according to the Department of Trade and Industry (DTI).

Although the revised target is still being finalized, DTI Export Marketing Bureau director Bianca Sykimte said it would "definitely (be) lower" than the original figures outlined in the Philippine Export Development Plan.

Under the PEDP, the country's total exports covering goods and services are expected to reach $163.6 billion in 2025, $186.7 billion in 2026, $212.1 billion in 2027 and $240.5 billion in 2028.