Hanoi (VNA), April 2 -- Philippine exports exceeded 100 billion USD for the first time in 2023, with a total of 103.6 USD, a 4.8% increase from 2022, the Philippines' Department of Trade and Industry (DTI) said on April 1.

Citing data from the Bangko Sentral ng Pilipinas (BSP), the country's central bank, DTI Secretary Alfredo Pascual said that the strong performance of the information technology and business process management sectors and a turn-around in tourism revenues drove the growth.

Due to enhanced travel connectivity and promotional efforts, the Southeast Asian country recorded a surplus in tourism revenues for the first time in 15 years, reaching 9.1 billion USD in 2023, more than doubling its 2022 level.

According to the DTI...