In 2023, the import value of Electronic Integrated Circuits and Microassemblies to the Philippines stood at 17.899 billion US Dollars. Forecasts for the years 2024 to 2028 indicate a consistent upward trend, starting at 18.298 billion in 2024 and reaching 19.987 billion by 2028. This signifies a steady year-on-year increase, with variations of 2.4% in 2024, 2.4% in 2025, 2.3% in 2026, 2.2% in 2027, and 2.1% in 2028. The Compound Annual Growth Rate (CAGR) over this 5-year period is approximately 2.2%.
Future trends to watch for include advancements in semiconductor technology, shifts in global supply chains, and the impact of policies aimed at boosting local manufacturing capabilities. Additionally, the demand for electronic devices and smart technology in the Philippines is expected to keep driving import growth.
