DoT lauds PH travel services surplus

By Moises Cruz

Apr 03, 2024 12:36 am

THE Department of Tourism (DoT) hailed on Tuesday another milestone for the Philippine tourism industry in 2023, as the country achieved a net trade surplus in travel services for the first time in 15 years.

This, as the Bangko Sentral ng Pilipinas (BSP) disclosed that the Philippines attained a record $100-billion in exports for goods and services in 2023. For its part, the Department of Trade and Industry said that exports of products and services reached $103.6 billion last year.

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