Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Record-High Electronics Exports in the Philippines in 2021

Last year, the Philippine electronics export revenues increased by a record-high 12.9% from the year before, despite the pandemic-related curbs, according to an industry report. In 2021, the country’s semiconductor and electronics sector shipped $45.92 billion worth of goods. The 2020 lockdowns disrupted the industry’s pre-pandemic rise, posing record earnings for three years in a row. In 2020, earnings dropped by around 6% to $40.67 billion. The record revenues in 2021 means electronics now account for more than 60% of the country’s total export receipts of $74.64 billion in 2021.

The report stated that a key driver for the rise in demand is electronic components used in telemedicine, work-from-home arrangements and artificial intelligence (AI), among others. Electronics sectors that posted growth in exports last year were telecommunications (138%), medical or industrial instrumentation (37.49%), electronic data processing (29.51%), consumer electronics (19.45%), office equipment (19.32%), control and instrumentation (12.92%), and components or devices or semiconductors (7.37%).

In December alone, the country’s electronics exports went up slightly to $3.92 billion from $3.90 billion in the same month in 2020. Electronics sectors that saw exports climb in December were telecommunications (183.97%), automotive electronics (39%), office equipment (29.70%), and semiconductors (1.61%). The top destinations for Philippine electronics exports in December last year were Hong Kong, the United States, China, Singapore, and Japan.

The report expects that this year, export revenues could grow by 10%. The projection depends on improvements to inbound and outbound logistics flows, supply chains, the health of the population as well as the reopening of the country. The report also suggests that country could do much more. Most of the electronics manufacturing companies in the country are within the Philippine Economic Zone Authority (PEZA) locations. A key challenge is its ability to attract as many new investments as its peers in Southeast Asia. The industry is asking to amend the Corporate Recovery and Tax Incentives for Enterprises Act (the CREATE Law), which was passed in March 2021.

The CREATE law reduced corporate income tax and rationalised tax incentives and set a threshold for investments that can be approved by investment promotion agencies (IPAs) like PEZA. While the CREATE Act cuts the corporate income tax from 30% to 25%, it requires exporters to surrender their fiscal incentives within ten years. Under the new law, IPAs can only approve a project worth PHP1 billion ($19.6 million) or less. Investments with higher value need to be approved by the Fiscal Incentives Review Board, headed by the Department of Finance.

The Philippine Department of Trade and Industry (DTI) recently announced it is drafting the Philippine Export Development Plan (PEDP) 2022-2027 to improve the country’s competitiveness in international markets. It has an overarching goal of transforming the country from an exporter of commodities and intermediate goods to an exporter of high-value products and services. The new PEDP is envisioned to take an industry development approach to boost export competitiveness; that is, by attracting export-oriented investments in innovation driven-sectors to increase product and service diversification.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.