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Philippines trade deficit narrows to smallest in five months in Nov

Neil Jerome Morales and Enrico Dela Cruz, Reuters
Posted at Jan 08 11:13 AM

Philippine exports grew at the fastest pace in 10 months in November while imports contracted the most since August to yield the smallest trade deficit in five months, government data showed on Friday. Read more »

Customs says study shows 'improved' processing of cargo with digitalization

ABS-CBN News
Posted at Jan 04 12:56 PM

The Bureau of Customs on Monday said there were improvements in the processing of cargo in 5 ports across the country as the agency shifted to digital systems, based on a study by the agency.    Read more »

Philippines cuts export targets due to COVID-19 impact

ABS-CBN News
Posted at Jan 04 11:52 AM

The Philippines lowered its export target for 2022 to $103.9 billion from $130 billion, citing the impact of the COVID-19 pandemic. Read more »

China's stunning export comeback has factories scrambling for workers

Gabriel Crossley and Stella Qiu, Reuters
Posted at Dec 22 10:14 AM

China's manufacturing recovery, fuelled in part by demand from COVID-constrained consumers abroad, has soared past expectations this year, so much so that factories are now struggling to fill a shortage of blue-collar workers to clear mounting orders. Read more »

Philippines posts first monthly growth in exports in 7 months

Neil Jerome Morales and Enrico Dela Cruz, Reuters
Updated as of Nov 05 11:55 AM

Philippine exports grew 2.2 percent in September from a year earlier, the first monthly rise since February, as the government gradually reopened the pandemic-hit economy, government data showed on Wednesday. Read more »

Used car exports drives pollution to developing world: UN

Taimaz Szirniks, Agence France-Presse
Posted at Oct 28 04:48 AM

PARIS - Getting rid of old cars is helping clean the skies over developing nations, but many clunkers are ending up in developing countries where they are add significantly to air pollution, a UN report warns. Read more »

Philippines exports Okra to Japan

ABS-CBN News
Posted at Oct 14 11:04 AM

With the quality of Philippine Okra, local farmers are now exporting the goods to Japan, said Top Shelf Corp president Rap Pelayo. Read more »

Philippines starts exporting okra to Japan

ABS-CBN News
Posted at Sep 30 10:58 PM

Demand for okra is very high in the cities of Tokyo, Osaka, Kobe, and Nagoya, the DA said.  Read more »

Several industries, products seen 'likely to suffer' if EU scraps PH tariff privileges

ABS-CBN News
Posted at Sep 24 05:33 PM

Several members of the Philippine Chamber of Commerce and Industry on Thursday said the agriculture, garments, manufacturing and electronics industries, among others, could suffer if the tariff incentives granted to the Philippines by the European Union is withdrawn.  Read more »

Philippines to suffer ‘big toll’ with possible loss of EU trade perks: rights monitor

ABS-CBN News
Posted at Sep 18 06:55 PM

The Philippine economy will suffer a “big toll” if the European Union cancels its tariff perks over alleged rights abuses, a rights advocate said Friday. Read more »

China exports beat forecasts in August, imports falter

Agence France-Presse
Posted at Sep 07 03:16 PM

China's exports expanded more than expected last month as key markets eased virus containment measures, official data showed Monday, but imports unexpectedly shrank despite a push to boost domestic demand. Read more »

Spain vineyards feel the pinch but harvest must go on

Agence France-Presse
Posted at Sep 02 12:12 PM

When young German Friedrich Schatz turned up in 1982 to grow grapes in a part of southern Spain which hadn't produced wine in 100 years, they thought he was crazy. But nearly four decades on, Schatz is still tending his vines in the Andalusian hilltop town of Ronda.  Read more »

Trump’s tariffs? Coronavirus? China’s exports are surging anyway

Keith Bradsher, The New York Times
Posted at Sep 01 07:04 AM

China is showing its export machine cannot be stopped — not by the coronavirus and not by the Trump administration. Its resilience lies not only in the country’s low-cost, skilled labor and efficient infrastructure but also in a state-controlled banking system that has been offering small and large businesses extra loans to cope with the pandemic.   Read more »

TikTok deal is complicated by new rules from China over tech exports

Paul Mozur, Raymond Zhong and David McCabe, The New York Times
Posted at Aug 30 08:07 AM

As the sale of TikTok enters its final stages, Beijing is saying it wants the last word. Read more »

South Korea reports worst economic performance in more than 20 years

Agence France-Presse
Posted at Jul 23 11:35 AM

South Korea's economy recorded its worst performance in more than 20 years in the second quarter, the central bank said Thursday, as the coronavirus pandemic hammered its exports.   Read more »

US begins to pare back Hong Kong’s special status

Reuters
Posted at Jun 30 07:54 AM

The United States began eliminating Hong Kong's special status under US law on Monday, halting defense exports and restricting the territory's access to high technology products as China prepares new Hong Kong security legislation.  Read more »

Total trade shrinks in April, first full month of virus lockdown

ABS-CBN News
Updated as of Jun 10 10:29 AM

The Philippines' total external trade shrank further in April, the first full month of lockdown against COVID-19, government data released Wednesday showed. Read more »

China exporters look inwards as virus hits overseas markets

Beiyi Seow, Agence France-Presse
Posted at May 25 08:18 AM

Canceled shipments, returned goods and a dearth of new orders have left China exporters in crisis as the coronavirus hits its trading partners worldwide -- accelerating a long-standing push towards domestic consumption.  Read more »

80 countries limiting exports of face masks, other goods: WTO report

Andrea Shalal, Reuters
Updated as of Apr 24 08:08 AM

Eighty countries and customs territories have banned or limited the export of face masks, protective gear, gloves and other goods to mitigate shortages since the coronavirus outbreak began, the World Trade Organization reported on Thursday. Read more »

China delays mask and ventilator exports after quality complaints

Keith Bradsher, The New York Times
Posted at Apr 13 09:50 AM

Chinese officials have begun inspecting every shipment of N95 respirators, ventilators and other medical supplies for quality issues before export, a policy likely to delay the arrival of critical gear at hospitals around the world that are struggling to cope with the coronavirus pandemic.  Read more »