The Electronics industry remains as the country’s top exporter for the month of November, with total receipts of US$ 3.16 billion out of US$ 5.57 billion, or 56.66% of the total Philippine exports.
Fig. 1: PH Electronic Exports (Oct 2018 vs Nov 2018)
Electronic exports decreased by 3.04%, from US$ 3.25 billion in October 2018, to US$ 3.16 billion in November 2018 (see Fig. 1).
Eight out of nine sectors decreased, led by Automotive Electronics at 71.50%, from US$ 15.60 million last month, to US$ 4.44 million this month, followed by Communication and Radar (23.24%), Consumer Electronics (21.77%), Telecommunication (10.74%), Control and Instrumentation (9.85%), Electronic Data Processing (5.25%), Medical/Industrial Instrumentation (4.50%), and Components and Devices (1.33%) (refer to Table 2).
Only Office Equipment increased with 11.14% (see Table 2).
B. PH Electronic Exports: November 2017 versus November 2018 (Year-on-Year)
Electronic exports decreased by 1.62%, from US$ 3.21 billion in November 2017, to US$ 3.16 billion in November 2018, as shown in Fig. 2.
Six out of nine sectors declined, led by Medical/ Industrial Instrumentation at 58.45%, from US$ 11.14 million in November 2017, to US$ 4.63 million this November 2018. Other sectors that exhibited a decrease were Communication and Radar (46.28%), Telecommunication (38.08%), Automotive Electronics (32.62%), Components/ Semiconductor Devices (2.54%), and Control and Instrumentation (0.94%) (see Table 2).
Three sectors increased, namely: Office Equipment (106.12%), Consumer Electronics (76.06%), and Electronic Data Processing (2.59%) (refer to Table 2).
Fig. 2: PH Electronic Exports (Nov 2017 vs. Nov 2018)
C. PH Electronic Exports: Jan-Nov 2017 versus Jan- Nov 2018 (Year-to-Date)
Fig. 3: PH Electronic Exports (Jan-Nov 2017 vs. Jan- Nov 2018)
Cumulative electronic exports increased by 4.57%, from US$ 33.35 billion last year, to US$ 34.87 billion this year. This comprises 55.56% of total Philippine exports (see Fig.3).
Six sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 86.15%, from US$ 295.16 million last year, to US$ 549.42 million this year. Other sectors that increased were Office Equipment (39.09%), Automotive Electronics (18.85%), Control and Instrumentation (11.85%), Electronic Data Processing (7.73%), and Components/Devices or Semiconductors (3.09%) (see Table 3). Three sectors decreased: Communication/Radar (20.97%), Medical/Industrial Instrumentation (20.65%), and Telecommunication (13.23%) (refer to Table 3).
COUNTRIES OF DESTINATION (NOVEMBER 2018)
As shown in Table 1, the top five (5) countries of destination in November 2018 were Hong Kong (19.82) the United States of America (14.42%), the People’s Republic of China (12.29%), Singapore (8.79%), and Japan (7.85%).
Table 1: Top 5 Destination Countries for Philippine Electronics (Nov 2018 vs. Oct 2018)
Other destinations in the top ten were Korea (6.51%), Germany (5.34%), Taiwan (5.03%), Netherlands (3.80%), and Thailand (3.42%).
Fig. 4: Top Exported Products, Nov 2018
The top exported electronics products for this month were Components/Devices or Semiconductors, Electronic Data Processing, Communication/Radar, Office Equipment, and Control and Instrumentation (refer to Fig. 4). Semiconductor Devices bound for USA increased by 25.25%%. However, the same product bound for China decreased by 17.54% (see Table 4).
Table 2: PH Electronic Exports Product by Sector (Month-on-Month and Year-on-Year)
Notes for Table 2:
F.O.B. Value in Million U.S. Dollars
Electronic Eqpt and Parts – referred as “Other Electronics”
r – Revised
Growth rates were computed from actual values
Table 3: PH Electronic Exports Product by Sector (Year-to-Date)
Table 4: PH Top Electronic Export Products and Countries of Destination