Medical instrumentation is a growing export product of the electronics sector, according to the Department of Trade and Industry (DTI).
Electronics exports grew by 0.3 percent to $3.24 billion in January driven by the 84.3 percent increase in exports of medical instrumentation.
“Philippine export trends were heavily influenced by the pandemic, from medical instrumentation for hospitals to consumer electronics for workers who had to work from home. As more markets open up, we are also looking forward to exporting more products,” said DTI Secretary Ramon Lopez.
Medical instrumentation was followed by consumer electronics, electronic data processing, and control and instrumentation, which grew by 28.2 percent, 24.4 percent, and 8.9 percent respectively.
Semiconductor exports, which comprise 73.2 percent of all electronics exports and 43.2 percent of all merchandise exports, slipped by 4.4 percent in the said period. This brings the overall merchandise exports to a 5.2 percent decline to USD5.49 B in January 2021 from USD5.79 B in January 2020. – Irma Isip