MANILA -- Filipino electronics exports fell 26% year-over-year in June to $1.95 billion.

The sector makes up 57.1% of the nation's total export revenues. Semiconductors, which account for nearly 40% of all electronic exports from the country, fell 29.1% for the month.

Overall exports dropped 24.7% in June, a glimmer of improvement from the past six months. Over the past six months, the country's monthly exports have fallen 30% to 40%, according to the National Statistics Office.

According to Semiconductor and Electronics Industries of the Philippines chairman Arthur J. Young, Jr., the electronics sector is expected to contract 15% to 20% for the year. However, sequential double-digit growth is expected to return in the third quarter.  

 

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