Manila, March 24 -- Services sector will keep the country's export revenues afloat despite the challenging performance of outbound shipment of goods, a senior trade official said Monday.

Department of Trade and Industry (DTI) Director Bianca Sykimte told reporters on the sideline of an event in Pasay City that services exports in 2024 grew 7.5 percent to USD52 billion, the first time it breached the USD50-billion mark, from USD48 billion in 2023.

On the other hand, export revenues of goods, according to the Bangko Sentral ng Pilipinas' (BSP) external accounts data, slipped by 0.4 percent to USD55 billion last year from USD55.26 billion in 2023.

With the continued growth of the services sector, its share to the total USD107 billion expo...