Electronic exports may grow by 5-7% this year

The country’s electronic exports are expected to rise by five to seven percent this year from a year ago, supported by demand for new technologies and telco products, according to the umbrella group of semiconductor and electronics firms in the country.

- By LOUELLA DESIDERIO

Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) president Dan Lachica told reporters that the group recently conducted its board meeting and approved a new growth projection of five to seven percent for this year.

Previously, the SEIPI was projecting flat growth for 2025.

Last year, electronics exports from the Philippines were down by six percent to $42.74 billion from $45.65 billion in 2023.

Data from the Philippine Statistics Authority showed that the country’s electronics exports rose by 9.5 percent to $33.5 billion in the nine-month period from $30.6 billion last year.