THE PHILIPPINES has sharply lowered its export targets for this year until 2028 amid geopolitical tensions, renewed trade barriers, and persistent disruptions in major shipping routes that continue to squeeze global supply chains and dampen demand.
Under the revised Philippine Export Development Plan (PEDP), exports are now expected to reach $110.8 billion to $113.4 billion this year, $116.1 billion to $120.2 billion in 2026, $123.3 billion to $127.4 billion in 2027, and $132.8 billion to $135.1 billion in 2028, the Export Development Council (EDC) said on Thursday.
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