Key Market Indicators
The export of electrical equipment from the Philippines is projected to hit $43 billion by 2028, up from $38 billion in 2023. This represents an average annual growth rate of 2.2%. Since 2001, the country's supply of electrical equipment has seen a consistent annual increase of 3%. On the import side, the Philippines is expected to bring in electrical equipment worth $36 billion by 2028, rising from $32 billion in 2023. The average annual growth rate for imports stands at 2.3%. Since 2001, the demand for electrical equipment in the Philippines has grown by 2.2% each year.
