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Despite Trump tariff war, local exporters still ‘hopeful’
Philippine Exporters Confederation, Inc. (Philexport) President Sergio Ortiz-Luis Jr. expressed optimism about the country's export growth in 2025, despite concerns over the "America-first" policies of a second-term Trump administration.e believes that President Donald Trump will adopt more favorable policies toward the Philippines, a longstanding partner of the U.S. rtiz-Luis also hopes that President Trump's efforts to resolve global conflicts, such as the Russia-Ukraine war and tensions with China, will benefit Philippine exporters.e noted that a peaceful resolution would encourage investment, as the Philippines is often perceived as vulnerable in regional conflicts. espite this optimism, Ortiz-Luis emphasized the need for the Philippine government to strengthen the local export industry.e called for increased funding for the Department of Trade and Industry (DTI), which he described as having one of the lowest budgets, affecting its capacity to implement export measures. n 2023, the Philippines' export industry fell short of the $126.8 billion target set under the Philippine Export Development Plan, achieving $103.6 billion in goods and service exports.ooking ahead, the Export Development Council (EDC) has set an ambitious target of $163.6 billion for 2025.owever, Ortiz-Luis projects that earnings will reach only $110 billion, falling short of both government and private sector expectations. he EDC, comprising government and private sector representatives, plans to convene within the first quarter to reassess and adjust these targets.rojections for the subsequent years under the Philippine Export Development Plan are $186.7 billion for 2026, $212.1 billion for 2027, and $240.5 billion for 2028.
Sergio Ortiz-Luis Jr., President of the Philippine Exporters Confederation, Inc. (Philexport), remains optimistic about the nation's export prospects for 2025, despite concerns over the "America-first" policies of a second-term Trump administration.e anticipates that President Donald Trump will implement more favorable policies toward the Philippines, a longstanding ally of the United States.
rtiz-Luis also hopes that President Trump's efforts to resolve global conflicts, such as the Russia-Ukraine war and tensions with China, will benefit Philippine exporters.e noted that a peaceful resolution would encourage investment, as the Philippines is often perceived as vulnerable in regional conflicts.
espite this optimism, Ortiz-Luis emphasized the need for the Philippine government to strengthen the local export industry.e called for increased funding for the Department of Trade and Industry (DTI), which he described as having one of the lowest budgets, affecting its capacity to implement export measures.
n 2023, the Philippines' export industry fell short of the $126.8 billion target set under the Philippine Export Development Plan, achieving $103.6 billion in goods and service exports.ooking ahead, the Export Development Council (EDC) has set an ambitious target of $163.6 billion for 2025.owever, Ortiz-Luis projects that earnings will reach only $110 billion, falling short of both government and private sector expectations.
he EDC, comprising government and private sector representatives, plans to convene within the first quarter to reassess and adjust these targets.rojections for the subsequent years under the Philippine Export Development Plan are $186.7 billion for 2026, $212.1 billion for 2027, and $240.5 billion for 2028.
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