The Philippines saw significant growth in semiconductor exports from 2013 to 2023, with a notable increase in value and reaching PHP 1,421.3 billion in 2023. This upward trend is evident from year-on-year growth rates and an average compound annual growth rate (CAGR) of 5.66% over the last five years. The past two years, in particular, showed modest increases with a 3.9% growth rate in 2022 followed by a 3.68% rise in 2023.
Looking ahead to the future, export values are forecast to continue this upward trajectory with a 5-year CAGR of 2.67%. The semiconductors export value is projected to reach PHP 1,684.6 billion by 2028, reflecting a growth of 14.08% over this period. Trends to watch for include global demand fluctuations, continued advancements in semiconductor technologies, and potential shifts in the geopolitical landscape affecting the semiconductor supply chain.
