diff --git a/examples/antd5.x/package.json b/examples/antd5.x/package.json
index dff2968..63d4bdf 100644
--- a/examples/antd5.x/package.json
+++ b/examples/antd5.x/package.json
@@ -33,4 +33,4 @@
       "last 1 safari version"
     ]
   }
-}
\ No newline at end of file
+}
diff --git a/examples/antd5.x/src/Demo.tsx b/examples/antd5.x/src/Demo.tsx
index 7795180..0e528f5 100644
--- a/examples/antd5.x/src/Demo.tsx
+++ b/examples/antd5.x/src/Demo.tsx
@@ -3,6 +3,7 @@ import Form from "antd/es/form";
 import theme from "antd/es/theme";
 import Button from "antd/es/button";
 import Card from "antd/es/card/Card";
+import {useForm} from "antd/es/form/Form";
 import FormItem from "antd/es/form/FormItem";
 import ConfigProvider from "antd/es/config-provider";
 import PhoneInput from "antd-phone-input";
@@ -10,6 +11,7 @@ import PhoneInput from "antd-phone-input";
 import "antd/dist/reset.css";
 
 const Demo = () => {
+    const [form] = useForm();
     const [value, setValue] = useState(null);
     const [algorithm, setAlgorithm] = useState("defaultAlgorithm");
 
@@ -28,6 +30,19 @@ const Demo = () => {
         }
     }
 
+    const setFieldObjectValue = () => {
+        form.setFieldValue("phone", {
+          "countryCode": 52,
+          "areaCode": "444",
+          "phoneNumber": "44444444",
+          "isoCode": "mx"
+        });
+    }
+
+    const setFieldRawValue = () => {
+        form.setFieldValue("phone", "+1 (234) 234 2342");
+    }
+
     const handleFinish = ({phone}: any) => setValue(phone);
 
     return (
@@ -44,11 +59,13 @@ const Demo = () => {
                             {JSON.stringify(value, null, 2)}
                         </pre>
                     )}
-                    <Form onFinish={handleFinish}>
+                    <Form form={form} onFinish={handleFinish}>
                         <FormItem name="phone" rules={[{validator}]}>
                             <PhoneInput enableSearch/>
                         </FormItem>
                         <div style={{display: "flex", gap: 24}}>
+                            <Button onClick={setFieldObjectValue}>Set Object Value</Button>
+                            <Button onClick={setFieldRawValue}>Set Raw Value</Button>
                             <Button htmlType="submit">Preview Value</Button>
                             <Button htmlType="reset">Reset Value</Button>
                             <Button onClick={changeTheme}>Change Theme</Button>
diff --git a/package.json b/package.json
index bc2018e..495363f 100644
--- a/package.json
+++ b/package.json
@@ -1,5 +1,5 @@
 {
-  "version": "0.3.4",
+  "version": "0.3.5",
   "name": "antd-phone-input",
   "description": "Advanced, highly customizable phone input component for Ant Design.",
   "keywords": [
diff --git a/src/index.tsx b/src/index.tsx
index 732ce57..4ceff71 100644
--- a/src/index.tsx
+++ b/src/index.tsx
@@ -11,6 +11,7 @@ import {
 } from "react";
 import useFormInstance from "antd/es/form/hooks/useFormInstance";
 import {FormContext} from "antd/es/form/context";
+import {useWatch} from "antd/es/form/Form";
 import Select from "antd/es/select";
 import Input from "antd/es/input";
 
@@ -85,18 +86,22 @@ const PhoneInput = forwardRef(({
         return ({...metadata})?.[0] + ({...metadata})?.[2];
     }, [countriesList, countryCode, value])
 
-    const setFieldValue = useCallback((value: PhoneNumber) => {
-        if (formInstance) {
-            let namePath = [];
-            let formName = (formContext as any)?.name || "";
-            let fieldName = (antInputProps as any)?.id || "";
-            if (formName) {
-                namePath.push(formName);
-                fieldName = fieldName.slice(formName.length + 1);
-            }
-            formInstance.setFieldValue(namePath.concat(fieldName.split("_")), value);
+    const namePath = useMemo(() => {
+        let path = [];
+        let formName = (formContext as any)?.name || "";
+        let fieldName = (antInputProps as any)?.id || "";
+        if (formName) {
+            path.push(formName);
+            fieldName = fieldName.slice(formName.length + 1);
         }
-    }, [antInputProps, formContext, formInstance])
+        return path.concat(fieldName.split("_"));
+    }, [antInputProps, formContext])
+
+    const phoneValue = useWatch(namePath, formInstance);
+
+    const setFieldValue = useCallback((value: PhoneNumber) => {
+        if (formInstance) formInstance.setFieldValue(namePath, value);
+    }, [formInstance, namePath])
 
     const onKeyDown = useCallback((event: KeyboardEvent<HTMLInputElement>) => {
         onKeyDownMaskHandler(event);
@@ -129,6 +134,18 @@ const PhoneInput = forwardRef(({
         })
     }, [forwardedRef])
 
+    useEffect(() => {
+        const rawValue = getRawValue(phoneValue);
+        const metadata = getMetadata(rawValue);
+        // Skip if value has not been updated by `setFieldValue`.
+        if (!metadata?.[3] || rawValue === getRawValue(value)) return;
+        const formattedNumber = getFormattedNumber(rawValue, metadata?.[3] as string);
+        const phoneMetadata = parsePhoneNumber(formattedNumber);
+        setFieldValue({...phoneMetadata, valid: (strict: boolean) => checkValidity(phoneMetadata, strict)});
+        setCountryCode(metadata?.[0] as string);
+        setValue(formattedNumber);
+    }, [phoneValue, value, setFieldValue, setValue])
+
     useEffect(() => {
         if (initiatedRef.current) return;
         initiatedRef.current = true;
diff --git a/tests/antd.test.tsx b/tests/antd.test.tsx
index cdc584e..236d7d6 100644
--- a/tests/antd.test.tsx
+++ b/tests/antd.test.tsx
@@ -106,13 +106,65 @@ describe("Checking the basic rendering and functionality", () => {
             <FormItem name="phone">
                 <PhoneInput/>
             </FormItem>
-            <Button data-testid="button" htmlType="submit">Submit</Button>
         </Form>);
         const input = screen.getByDisplayValue("+1 (702)");
         await userEvent.type(input, "1234567");
         assert(input.getAttribute("value") === "+1 (702) 123 4567");
     })
 
+    it("Checking field value setters", async () => {
+        const FormWrapper = () => {
+            const [form] = Form.useForm();
+
+            const setFieldObjectValue = () => {
+                form.setFieldValue("phone", {
+                    countryCode: 48,
+                    areaCode: "111",
+                    phoneNumber: "1111111",
+                    isoCode: "pl"
+                });
+            }
+
+            const setFieldRawValue = () => {
+                form.setFieldValue("phone", "+1 (234) 234 2342");
+            }
+
+            return (
+                <Form data-testid="form" form={form} initialValues={{phone: {countryCode: 1, areaCode: "702"}}}>
+                    <FormItem name="phone">
+                        <PhoneInput/>
+                    </FormItem>
+                    <Button data-testid="submit" htmlType="submit">Submit</Button>
+                    <Button data-testid="set-string" onClick={setFieldRawValue}>Set String Value</Button>
+                    <Button data-testid="set-object" onClick={setFieldObjectValue}>Set Object Value</Button>
+                </Form>
+            )
+        }
+
+        render(<FormWrapper/>);
+        const form = screen.getByTestId("form");
+        const submit = screen.getByTestId("submit");
+        const input = screen.getByDisplayValue("+1 (702)");
+        const setString = screen.getByTestId("set-string");
+        const setObject = screen.getByTestId("set-object");
+
+        await userEvent.click(setString);
+        await userEvent.click(submit);
+        await act(async () => {
+            await new Promise(r => setTimeout(r, 100));
+        })
+        assert(!inputHasError(form)); // valid
+        assert(input.getAttribute("value") === "+1 (234) 234 2342");
+
+        await userEvent.click(setObject);
+        await userEvent.click(submit);
+        await act(async () => {
+            await new Promise(r => setTimeout(r, 100));
+        })
+        assert(!inputHasError(form)); // valid
+        assert(input.getAttribute("value") === "+48 (111) 111 1111");
+    })
+
     it("Checking validation with casual form actions", async () => {
         render(<Form data-testid="form" initialValues={{phone: {countryCode: 1, areaCode: "702", phoneNumber: ""}}}>
             <FormItem name="phone" rules={[{