Philippine merchandise exports declined by 5.6 percent in 2015 compared to 2014. The decline in merchandise exports last year was reflective of the overall export downtrend in neighboring ASEAN countries as well as the bigger regional market in Asia.
The government is aligning its efforts in implementing the following strategies to grow exports this year and next year:
- design comprehensive packages of support for selected sectors;
- remove unnecessary regulatory impediments to the movement of goods and delivery of services;
- raise the productivity and competitiveness of Philippine enterprises; and
- upgrade the quality and standards of export.