In 2023, the import of telecommunication and electrical machinery in the Philippines stood at 219.95 billion Philippine Pesos. The forecasted values from 2024 to 2028 illustrate a consistent upward trend in these imports.
- 2024: 227.8 billion PHP (3.56% YoY increase)
- 2025: 236.87 billion PHP (3.98% YoY increase)
- 2026: 245.76 billion PHP (3.76% YoY increase)
- 2027: 254.47 billion PHP (3.55% YoY increase)
- 2028: 263.0 billion PHP (3.35% YoY increase)
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 3.64%. This sustained growth indicates a robust demand for telecommunication and electrical machinery within the country over the coming years.
Future trends to watch for include advancements in 5G technology, increased digital transformation among businesses, and infrastructure development driven by both government initiatives and private sector investments. These factors are likely to drive further growth in imports within this sector.
