In 2024, ICT goods imports in the Philippines are forecasted to stand at 19.42% of total goods imports, following actual values from 2023. The data indicates a decreasing trend in the share of ICT imports over the next five years, dropping from 19.42% in 2024 to 16.14% in 2028. The year-on-year variations show consecutive declines: 4.28% from 2024 to 2025, 4.41% from 2025 to 2026, 4.61% from 2026 to 2027, and 4.79% from 2027 to 2028. The compounded annual growth rate (CAGR) suggests an average annual decline of 4.52% over this five-year period.
Future trends to watch for include the impact of technological advancements, changes in global trade policies, and the domestic market's ability to adapt to new technologies. These factors could influence the import dynamics of ICT goods in the Philippines, potentially stabilizing or reversing the declining trend.
