The latest World Bank Doing Business 2020 study shows the Philippines jumping 29 spots from 124th to 95th, the biggest mover in Asean and a positive sign toward making it easier to conduct business in the country. Aside from this, the country was also cited in Standard Chartered’s Trade20 Index as one of the top 20 markets with the greatest potential for future trade growth.
In line with improving the ease of doing business and providing Philippine exporters the enabling environment to make them more globally competitive, the Department of Trade and Industry’s Export Marketing Bureau (DTI-EMB) launched its business intelligence platform, Tradeline Philippines (www.tradelinephilippines.dti.gov.ph) in 2016.
The Web-based portal serves as DTI-EMB’s main information and communications technology (ICT) tool in providing its stakeholders with an integrated export information system that provides regular trade statistics reports, market and product information, supplier and buyer databases, and other trade-related information.
One of the major components of Tradeline Philippines is the online Business Matching System (www.businessmatching.dti.gov.ph), a business-to-business (B2B) platform where registered local suppliers and foreign buyers can meet for potential transactions.
The searchable supplier and buyer database allows buyers to contact Philippine exporters who can provide products or raw materials that match their requirements. Exporters who register in the site are verified first by DTI-EMB’s product officers to ensure that they are legitimate businesses. A user manual for both buyers and suppliers is also downloadable for easy reference and guide.
For those who are looking for trade statistics, Tradeline Philippines has an Interactive Trade Statistics page where you can search for specific export and import figures based on year, products, market and point of origin, among others. There is also a Quick Stats feature that shows the country’s top trading partners, export markets, export products and exporting provinces. These can be printed or downloaded as a PDF document or spreadsheet for future reference.
The site also has Market and Industry Profiles that provides an overview of the country’s export markets and products. Other resources which can be accessed for free are directories of government agencies, trade associations, as well as an interactive directory of Philippine exporters.
For the latest trends and updates on the export industry, users can download publications like the Euromonitor Digest, a bimonthly online publication of the EMB, which aims to provide insightful analysis on the reports culled from Euromonitor International’s Business Intelligence Research, and Market Intelligence Digest. Special publications, like the Philippine Export Development Plan (PEDP) 2018-2022 Executive Summary and the Philippine Export Guidebook, are also available for download.
Those who are interested in exporting can also check out the list of prohibited and regulated products for exports to avoid unnecessary complications and ensure hassle-free trade with their potential overseas buyers.
These are just some of the information available at one’s fingertips in Tradeline Philippines. Visit tradelinephilippines.dti.gov.ph and discover products and services beyond your expectations.