2023 Philippine exports reach a record 103.6 billion USD, up 4.8% from 2022, driven by IT, BPM, and tourism.
Philippine exports hit a record high of 103.6 billion USD in 2023, a 4.8% increase from 2022, with strong performances in information technology and business process management sectors and a recovery in tourism revenues. Services exports, including travel services, saw a 17.4% increase, contributing to 70% of the incremental services export receipts. This marks the first time the country has surpassed the 100 billion USD mark.
April 01, 2024
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