Philippine electronics exports rose 26.2% to $37.1 billion in the first eight months of 2026, as the government sought to attract investment beyond assembly into chip design, engineering and research.

Key Takeaways

  • Electronics accounted for $6.2 billion of the Philippines’ $9.1 billion in merchandise exports in August.
  • Industry group Seipi raised its 2026 electronics export growth forecast to 10%, or approximately $54 billion.
  • A government-backed industry roadmap targets $110 billion in annual exports by 2030.

Philippine electronics exports gain ground

Executive Secretary Ralph Recto said on October 25, 2026, that the Philippines was attracting interest across the technology supply chain, including in manufacturing, chip design and innovation.

The Philippine Statistics Authority reported that merchandise exports reached $9.1 billion in August, up 27.8% from a year earlier and the highest monthly level in 35 years. Electronic products made up 68% of that month’s total.

The United States was the country’s largest export destination in January through August, taking $12.3 billion in goods, or almost one-fifth of total exports.

Investment plans and 2030 targets

The Semiconductor and Electronics Industries in the Philippines Foundation, known as Seipi, raised its full-year export forecast amid growing demand for artificial intelligence and data-center infrastructure. Its approximately $54 billion figure is a forecast, not a reported result.

Toshiba plans a multibillion-peso expansion of its Philippine operations over three years to increase production of high-capacity hard disk drives for data centers. The expansion is expected to create about 3,000 jobs.

The industry roadmap targets $110 billion in annual exports by 2030. It also aims to raise the Philippines’ share of global semiconductor assembly, testing and packaging from 4% to 7%, and capture 4% of global electronics manufacturing services.

Separately, the Board of Investments is advancing a Philippine Technology Corridor linking proposed industry hubs, including integrated circuit design in Metro Manila, AI infrastructure in Batangas and prospective wafer fabrication in Bulacan.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.