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Philippines garment exports expects $250 million Chinese orders this year

Garments exporters in Philippines expect orders from Chinese buyers to reach $250 million and generate up to 3,000 jobs this year, as China turns to the Philippines due to its competitive labor rates and initiatives to facilitate exports. As per Foreign Buyers Association of the Philippines (FBAOP), the country is currently experiencing an increase in garment orders amid the tariff conflict between China and the United States. This has resulted in regional rivals increasing their minimum wages resulting in higher manufacturing costs. Out of all cities, Manila is emerging as the most preferred city for buyer due its industrial peace and stable labor rates.

FBAOP has already secured $150 million worth of purchase orders from buyers in China, and plans to add another $100 million by December this year. Its production at five factories across Metro Manila, Bataan and Clark are ongoing for delivery by the end of the year. The association’s exports are expected to reach about $1 billion this year, bolstered by Chinese purchases of Philippine garments.