Philippine electronics exports last year reached $49.09 billion, beating the previous year’s high, which came after a $4 billion decline in 2020. | AldenMonzonINQ /PDI
Philippine electronics exports last year reached $49.09 billion, beating the previous year’s high which came after a $4-billion decline in 2020.
The Semiconductor and Electronics Industries in the Philippines Foundation Inc. on Wednesday said electronics exports in 2022 were 6.88 percent higher than the $45.92 billion posted in 2021.“Our industry, together with its three million direct and indirect workers and opportunities brought by the developments in the global industry, remains as a significant driver of economic growth that can support our country in sustaining its growth momentum,” Seipi said in a statement.
In 2019, prior to the outbreak of the COVID-19 pandemic, electronics exports amounted to $43.32 billion , up from $37.57 billion in 2018 and $36.5 billion in 2017. In 2020, the first year of the pandemic, the amount went down to $39.67 billion.
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