Import Globals17 Sep, 2024Business
The Philippines has emerged as one of the fastest-growing economies in Southeast Asia due to its strategic location and abundance of natural resources it makes Philippines a major hub for international export trade. In 2023, Philippines was ranked as the world 29th largest exporter with the total export value of $66 billion USD. It is projected that in coming years Philippines export will climb up even more due to various factors such government creativities to promote export and attract foreign investments, enhanced infrastructure for transportation and logistics and favorable trade agreements and policies with other countries.
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