The Philippines’ export of digitally delivered services rose 11 percent to $27.66 billion in 2022, from the $24.94 billion recorded in 2021, according to the World Trade Organization’s (WTO) estimates.
THE Philippines’ export of digitally delivered services rose 11 percent to $27.66 billion in 2022, from the $24.94 billion recorded in 2021, according to the World Trade Organization’s estimates.
In terms of region, the report revealed that Asia’s growth of digitally delivered services exports have been rising faster than the rest of the world. According to WTO estimates, in 2022, business, professional and technical services accounted for around 40 percent of digitally delivered services exports, followed by computer services , financial services , intellectual property-related services , insurance services , telecommunications services , audio-visual and other personal, cultural and recreational services , and information services .
According to the WTO report, goods trade was more resilient than expected for most of 2022 despite the drag prompted by the war between Russia and Ukraine.
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