9 December 2021, Copenhagen - Export of goods from the Philippines to Denmark grew by 205% YOY in September. Philippine exports in September 2021 were up to USD 130.2M from USD 42.7M in the same month last year, preliminary data from the Philippine Statistics Authority (PSA) and the Department of Trade and Industry (DTI) showed.

Philippine Ambassador Leo Herrera-Lim noted that this was the third consecutive year of positive year-on-year (YOY) growth. “Our latest export growth rate shows a solid growth with a performance even stronger than pre-pandemic levels. Total exports in 2018, before the establishment of the Philippine Embassy in Denmark, was USD 43.3M. Now, it is significantly higher by more than 300%.”

The export of the catamaran ferry built by Austal Philippines, is the top export product in 2021, comprising 49.9% of all exports. Out of all the top export products, hearing aids had the highest growth at 727.6%. This was followed by semiconductor devices at 169.4%.

Ambassador Herrera-Lim shared that the increase in exports indicate stronger bilateral trade relations between the Philippines and Denmark. He mentioned that the Embassy is tirelessly working to attract more investments to the Philippines. He also stated that the Embassy is pushing for more market opportunities to further boost exports for the country, particularly, in ship-building and manufacturing.

“As we continually enhance our trade cooperation with Denmark, we are confident that we will see a sustained improvement in our exports for the coming years,” said the Ambassador. -END