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Resurgent PH semicon drives strong merchandise exports in Feb.

Philippine merchandise exports surged by 15.7% in February 2024, recording $ 5.9 billion compared to $ 5.1 billion over a year earlier, based on preliminary data from the Philippine Statistics Authority (PSA).

PH exports surpass $100-B milestone in 2023, driven by IT-BPM and tourism sectors

Philippine services exports emerged as a powerhouse, with the sector experiencing a significant expansion of 17.4%, driving much of the overall export growth.

Exports, imports of electronic products drop in Feb.

The manufacture of computer, electronic, and optical products also slowed down in February with its value of production index declining by 10.9 percent.

Electronics allows PH export growth to outpace imports in Oct.

The electronics sector remains to be the Philippines' top export, accounting for 66.3% of total exports during the period with export sales value of $5.1 billion.

Electronic products remain PH top export in August 2022

Electronic products continued to be the Philippines’ top export in August 2022 with total earnings of $3.66 billion which accounted for 57.1 percent of the total exports during the period followed by other manufactured goods valued at $341.32 million, according to Philippine Statistics Authority (PSA).

Electronic products remain PH’s top exports in Nov. 2021

Electronic products had total earnings of $3.71 billion, which accounted for 59.2 percent of the total exports during the period.

Electronic products remain PH top exports in Aug. 2021

However, most of the imported goods in August 2021 were also electronic products with an import value of $2.80 billion which accounted for 27.9 percent to the total imports.

Electronic products remain PH’s top exports in May 2021

Interestingly, manufacturing activities in the computer and electronics industry slowed down to 96 percent in May 2021 from 108.3 percent in April this year.

Electronics firms see Covid-induced slump easing this year

The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) has revised slightly upwards its industry growth outlook for this year but is still in negative territory to reflect the impact of the Covid-19 pandemic.

PH electronic exports slump 14.9% in first 6 months of 2020

Only two sectors in the electronics industry posted positive growth rates: control and instrumentation; and automotive electronics.
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