“The services export is continuously growing, thus, total exports are projected to increase in single digit percentage.” Export Development Council (EDC) Executive Director Senen M. Perlada reported during the EDC Meeting last 06 February 2020.

The Semiconductor and Electronics Industries of the Philippines Inc. (SEIPI) reported that Electronics exports reached US$ 43.32 billion in 2019 accounting for 61.60% of the country’s total commodity exports of the year, or a 4.06%, exceeding the industry’s full-year growth target of 0-3% and reaching a new record. Also, the Electronics industry forecasts to grow by 5% this CY 2020.

Electronic products remained leading among the identified key exports of the Philippines under the Philippine Export Development Plan (PEDP) 2018-2022 along with Processed Food and Beverage, Tourism, and information services such as the Information Technology and Business Process Management (IT-BPM)- PKC