For instance, close to half of electronics companies in the Philippines are engaged in low-value assembly and testing for electronics components, while the Malaysian electronics industry is heavily skewed towards electronics parts and semiconductors. And Thailand has started to strategically move away from low-margin computer components, but is still the world's second-largest hard disk drive exporter, after China.
Meanwhile, Asian exports are expected to show more strength in the coming months, despite worsening Covid-19 outbreaks in the Europe and US markets. They suggested that Europe and US customers have had to turn to Asian supply chains, as delivery times have slowed in the West, unlike in the key Chinese market.
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