THE Philippine Exporters Confederation Inc. (Philexport) is optimistic that the country's export industry can achieve its growth target of nearly $120 billion to $130 billion from exports of goods and services in the next five years.

In a statement, Sergio Ortiz Luis Jr., Philexport president and Export Development Council (EDC) chairman underscored Philexport's thrust to transform the country from an exporter of commodities and intermediate goods to an exporter of high value products and services, under the Philippine Development Plan 2023-2028, which determines the feasibility of export targets and increasing the sector's competitiveness over the next five years.