PH electronic exports projected to hit $48 billion

Philippine electronic exports are projected to reach $48 billion this year, representing a significant growth from the previous year.

This projection signifies a double-digit growth, surpassing SEIPI's earlier estimate of five to seven percent.

The growth is attributed to increased demand for advanced technologies such as artificial intelligence, the Internet of Things, and electric vehicles.

Despite geopolitical uncertainties and US tariffs, certain semiconductor and electronic exports remain exempt, contributing to the positive outlook.

Preliminary data shows a substantial surge in electronic exports in November, with electronics continuing to be the top export category.