Fashion
Philippines merchandise exports jump 14.5% by Nov, exceed 2024 level
In November 2025 alone, exports climbed 21.3 per cent to $6.9 billion, supported by robust demand for consumer goods. DTI noted that this marked the eleventh consecutive month of export expansion and the third straight month of double-digit growth. Slower import growth also helped narrow the trade deficit by 9.9 per cent.
Philippines merchandise exports rose 14.5 per cent YoY to $77.4 billion by the end of November, exceeding 2024’s full-year total, as per DTI.
November exports jumped 21.3 per cent to $6.9 billion, led by consumer goods.
Footwear and garments recorded strong gains, while exports to the US, Hong Kong, Canada and Australia surged, narrowing the trade deficit and highlighting global competitiveness.
Within consumer goods, footwear exports surged 28.6 per cent, while garments posted an 11.2 per cent increase. Key export destinations during the month included Hong Kong and the United States at $1.2 billion each. Shipments to the Netherlands and Taiwan together amounted to $330 million, Germany recorded $295.9 million, and exports to Malaysia, Mexico and Italy each grew by more than 50 per cent.
Exports to Canada nearly tripled to $1.6 billion, while shipments to Australia rose sharply to $1.7 billion, underscoring the broad-based nature of the expansion.
DTI said the sustained growth highlights the continued competitiveness of Filipino products in global markets. Cristina Roque, trade secretary at DTI said that the strong performance of consumer goods reflects rising global demand and supports employment, incomes and new opportunities for exporters, as reported by the Philippine media.
Bianca Pearl Sykimte, export marketing bureau director at DTI attributed the momentum partly to improved market access. She attributed the momentum to improved market access, alongside gains from targeted export development and promotion initiatives, which are expected to support more inclusive growth going forward.
Fibre2Fashion News Desk (SG)
Current account excluding gold and energy indicated net deficit of $3.9 billion, while goods saw a deficit of $9.5 billion.
Turkiye recorded a current account deficit (CAD) of $9.6 billion in March, the country’s central bank said.
Treasury and Finance Minister Mehmet Simsek said the CAD is expected to widen this year, due to high energy and non-energy commodity prices.
Simsek said the deterioration is likely to remain temporary and manageable, thanks to stronger macroeconomic fundamentals and policy gains.
According to annualised data, current account deficit recorded as $39.7 billion (2.6 per cent of gross domestic product) in March, while the goods deficit recorded as $77.8 billion.
Simsek said the deterioration is likely to remain temporary and manageable thanks to stronger macroeconomic fundamentals and policy gains, domestic media outlets reported.
Turkiye is heavily reliant on imported energy, whose prices spiralled due to the Middle East conflict.
Simsek said elevated global commodity prices would put pressure on the external balance, but emphasised that the government’s economic programme had improved resilience against such shocks.
He said foreign direct investment (FDI) inflows totalled $1 billion in March, bringing annualised foreign direct investment to $12.6 billion.
The new investment incentive package under discussion in parliament now is expected to strengthen the country’s financing structure and support long-term capital inflows, he added.
Fibre2Fashion News Desk (DS)
During the first quarter of ****, the UK’s imports of textile fabrics eased down *.** to £*,*** million (~$*,*** million), against £*,*** million in January-March **** but slightly higher from £*,*** million in the fourth quarter of ****. Its imports of fibre were noted at £** million (~$***.** million) steady as £** million in Q*, **** but slightly lower than £** million in Q*, ****.
During the third month of this year, the country’s clothing imports declined *.** per cent to £*.*** billion (~$*.*** billion), compared with £*.*** billion in March ****. But the inbound shipment was slightly higher month on month compared with £*.*** billion in February ****.
Higher rents, utility bills and fuel prices are eating away at already thin profit margins, it found.
High inflation is cutting deep into Bangladesh consumer spending, with weak demand turning one of the biggest concerns for businesses, DCCI said.
Higher rents, utility bills and fuel prices are eating away at already thin profit margins.
DCCI’s economic position index revealed that consumers have sharply reduced spending as the cost of living continues to rise.
SMEs are feeling the pressure the most.
The chamber’s economic position index (EPI) revealed that consumers have sharply reduced spending as the cost of living continues to rise, putting pressure on retailers, transport operators and other service providers.
Small and medium enterprises (SMEs) are feeling the pressure the most as they struggle to manage higher operating costs without losing customers.
Businesses also cited difficulties in obtaining bank loans, while delays in licensing and other regulatory procedures are adding to costs.
The DCCI report identified a shortage of skilled workers, particularly in technical and customer service roles, as another challenge for the sector.
The country’s inflation rose to 9.04 per cent in April from 8.71 per cent in March, according to official statistics.
Fibre2Fashion News Desk (DS)
Turkiye’s current account deficit expected to widen in 2026: Minister
UK’s clothing imports fall 3% in Q1, sharply lower than Q4 2025
RBI sees no signs of excess credit risk, keeps countercyclical capital buffer inactive
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