Mandaluyong city: Trade officials have revised the Philippine Export Development Plan (PEDP) targets for exports from 2025 to 2028, acknowledging the need for more attainable objectives due to the effects of US tariff policies and disruptions in global trade routes. Based on the presentation by Export Marketing Bureau (EMB) Director and Export Development Council (EDC) Executive Director Bianca Pearl Sykimte during the Exporters' Week event in Mandaluyong City, the export target for this year is set between USD110.8 billion and USD113.4 billion.

According to Philippines News Agency, the targets for subsequent years have also been adjusted. For 2026, the export targets range from USD116.1 billion to USD120.2 billion; for 2027, they stand between USD123.3 billion and USD127.4 billion; and for 2028, the targets are set from USD132.8 billion to USD135.1 billion. These figures are a significant reduction from the previous targets of USD163.6 billion for 2025, USD186.7 billion for 2026, USD212.1 billion for 2027, and USD240.5 billion for 2028.

Sykimte explained in an interview at the event that these revised figures better reflect the current global trade environment, which is affected by political tensions, increased US tariffs, the Panama Canal's drought, and attacks by Houthi rebels on commercial vessels in the Red Sea. Data from Bangko Sentral ng Pilipinas (BSP), processed by the Department of Trade and Industry - EDC, indicated that total exports in 2024 reached USD106.6 billion, an increase from the previous month's USD103.7 billion.

Preliminary statistics from the Philippine Statistics Authority (PSA) revealed a 19.4 percent growth in exports on an annual basis in October 2025, reaching USD7.39 billion, up from USD6.19 billion the previous year and USD7.27 billion the month before. In the first 10 months of this year, total exports amounted to USD70.43 billion, marking a 13.8 percent rise from the previous year's USD61.9 billion.

Sykimte expressed optimism about the full-year export outlook, highlighting the sustained improvements in recent months. She identified electronics and semiconductors as potential growth drivers for the year's final two months, noting that growth is occurring across multiple sectors.