Diversification: The export sector’s Holy Grail?

Diversification has been the Holy Grail of the export sector, as dependence on electronics (at two-thirds of the total) has rendered the Philippines’ export earnings hostage to the ups and downs of a lone commodity. Starting 2011, the Philippines began shedding this reliance on electronics, but in the last two years, the proportion of export earnings from this commodity group has been increasing to again reach more than half of the total.