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If you insist on rendering the field manually, then you also have to determine manually which item is selected, and output the selected
attribute on the relevant one.
{% for choice in phone_code_field.field.extra_data %}
<option {% if phone_code_field.field.value == choice.0.1 %}selected="selected"{% endif %} data-choice-code="{{ choice.0.0 }}" value="{{ choice.0.1 }}">{{ choice.1 }}</option>
{% endfor %}
Source:stackexchange.com