MAY 2018 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

The Electronics industry imports for the month of May was at US$ 2.35 billion, or 24.90% of the US$ 9.46 billion total of Philippine imports.

A. PH Electronic Imports: Apr 2018 versus May 2018 (Month-on-Month)

01 m_Fig 1 May 2018

 

Fig. 1: PH Electronic Imports (Apr 2018 vs May 2018)

Electronic imports went up by 3.76%, from US$ 2.27 billion in April 2018, to US$ 2.36 billion in May 2018 (see Fig. 1).

Four out of nine sectors increased from the previous month’s figures as shown in Table 2. Office equipment grew by 56.78%, from US$ 16.97 million in April 2018, to US$ 26.60 million in May 2018. This was followed by Communication/Radar (24.41%), Electronic Data Processing (10.86%) and Components/Devices or Semiconductors (3.18%).

Five sectors decreased: Medical/industrial Instrumentation (18.67%), Control and Instrumentation (16.40%), Consumer Electronics (12.08%), Automotive Electronics (6.17%) and Telecommunication (1.85%) (see Table 2).

B. PH Electronic Imports: May 2017 versus May 2018 (Year-on-Year)

Electronic imports grew by 16.08%, from US$ 2.03 billion in May 2017, to US$ 2.36 billion in May 2018, as shown in Fig. 2.

Eight out of nine sectors increased, led by Office Equipment at 137.79%, from US$ 11.19 million last year, to US$ 26.60 million this year. This was followed by Telecommunication (52.26%), Communication/Radar (30.93%), Automotive Electronics (25.06%), Consumer Electronics (24.08%), Control and Instrumentation (13.75%), Components/Devices or Semiconductors (12.21%) and Electronic Data Processing (12%).

Only Medical/Industrial Instrumentation decreased in imports (18.99%) from US$ 17.94 million in May 2017 to US$ 14.53 million in May 2018.

02 m_Fig 2 May 2018

Fig. 2: PH Electronic Imports (May 2017 vs. May 2018)

C. PH Electronic Imports: Jan-May 2017 versus Jan-May 2018 (Year-to-Date)

03 m_Fig 3 May 2018

Fig. 3: PH Electronic Imports (Jan-May 2017 vs. Jan-May 2018)

Cumulative imports increased by 13.14%, from US$ 9.84 billion in Jan-May 2017, to US$ 11.13 billion this Jan-May 2018 (refer to Fig. 3).

Eight out of nine sectors increased compared with last year. Telecommunication grew by 49.65%, from US$ 455.92 million last year, to US$ 682.26 million this year. This was followed by Office Equipment (36.09%), Automotive Electronics (28.83%), Communication/Radar (23.16%), Control and Instrumentation (23.10%), Consumer Electronics (18.72%), Components/Device or Semiconductors (11.40%) and Electronic Data Processing (2.13%) (see Table 3).

Medical/Industrial Instrumentation decreased by 3.90%.

COUNTRIES OF ORIGIN (MAY 2018)

Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in May 2018 were the Republic of Korea (22.16%), People’s Republic of China (15.53%), Taiwan (13.82%), Japan (9.91%) and Singapore (9.20%).

04 m_Table 1 May 2018

Table 1: Top 5 Countries of Origin (May 2018 vs Apr 2018)

The United States of America (8.38%), Hong Kong (7.49%), Thailand (2.75%), Malaysia (2.61%) and Vietnam (2.36%) also comprise the rest of the top ten countries of origin for imports.

05 m_Fig 4 May 2018

Fig. 4: Top Imported Products (May 2018)

The top imported electronics products this month were Components/Devices or Semiconductors, Electronic Data Processing, Telecommunication, Communication/Radar, and Consumer Electronics. Mechanical appliance and electrical parts imported from Hong Kong grew by 37.54%. However, electrically circuit-programmed wafers and discs imported from the United States of America decreased by 13.55% (see Table 4).

Table 2: PH Electronic Imports Product by Sector (Month-on-Month and Year-on-Year)

06 m_Table 2 May 2018

Notes for Table 2:

F.O.B. Value in Million U.S. Dollars

Electronic Eqpt and Parts – referred as “Other Electronics”                                 r – Revised

p– Preliminary                                         Growth rates were computed from actual values

Table 3: PH Electronic Imports Product by Sector (Year-to-date)

07 m_Table 3 May 2018

Table 4: PH Top Imported Electronic Products and Countries of Destination

08 m_Table 4 May 2018

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