PH revises 2025-2028 export targets downwards

The Philippine government has significantly reduced its export targets for 2025-2028, with the ultimate goal for 2028 now set between $132.8 billion and $135.1 billion.

For the current year, export projections have been lowered to a range of $110.8 billion to $113.4 billion, a significant drop from the previous target.

The target for 2026 has also been adjusted downwards to between $116.1 billion and $120.2 billion, and for 2027, to between $123.3 billion and $127.4 billion.

These revised targets represent substantial decreases from the initial goals outlined in the Philippine Export Development Plan (PEDP) 2023-2028.

The downward revision of export targets is attributed to uncertainties surrounding potential US tariffs, mounting global headwinds, renewed trade barriers, and disruptions in global trade routes.

Bianca Sykimte, Director of the DTI-Export Marketing Bureau, stated that the adjusted targets better reflect current global demand and the latest export performance data, noting that the rate of growth has decelerated in the last two years.

The government opted for a range rather than fixed numbers to allow greater flexibility amid volatile global conditions.