Fig. 1: PH Electronics Imports (August 2019 vs September 2019)
Electronics imports remain relatively flat, from US$ 2.33 billion in August, to US$ 2.28 billion in September (see Fig. 1).
Imports in four out of nine sectors dropped, as shown in Table 2. Medical / Industrial Instrumentation decreased by 23.13%, from US$ 20.66 million in August 2019, to US$ 15.88 million in September 2019. This was followed by Telecommunication (11.70%), Components / Semiconductor Devices (5.52%), and Automotive Electronics (2.39%). Please see Table 2.
Five out of nine sectors increased, namely: Office Equipment (49.04%), Communication / Radar (36.54%), Consumer Electronics (12.44%), Control and Instrumentation (2.40%), and Electronic Data Processing (0.73%). Kindly refer to Table 2.
Electronics imports decreased by 7.07%, from US$ 2.46 billion in September 2018, to US$ 2.28 billion in September 2019, as shown in Fig. 2.
Imports in three out of nine sectors dropped, led by Control and Instrumentation at 35.89%, from US$ 84.33 million last year to US$ 54.07 million this year. This was followed by Medical / Industrial Instrumentation (23.79%) and Components / Semiconductor Devices (15.26%). Please see Table 2.
Six sectors increased, namely: Communication / Radar (66.07%), Office Equipment (29.43%), Consumer Electronics (18.77%), Automotive Electronics (18.21%), Telecommunication (14.55%), and Electronic Data Processing (10.40%). Kindly refer to Table 2.
Fig. 2: PH Electronics Imports (September 2018 vs. September 2019)
Fig. 3: PH Electronics Imports (January-September 2018 vs. January-September 2019)
Cumulative electronics imports remain flat at 0.10%, from US$ 21.10 billion last year, to US$ 21.12 billion this year. This comprises 26.19% of total Philippine imports (see Fig. 3).
Imports in six sectors increased from last year’s YTD figures. Consumer Electronics had the biggest increase at 27.30%, from US$ 839.00 million last year, to US$ 1.06 billion this year. Other sectors that increased were Automotive Electronics (19.95%), Electronic Data Processing (14.41%), Communication / Radar (6.83%), Telecommunication (2.56%), and Medical / Industrial Instrumentation (0.78%). Please see Table 3.
Two sectors decreased, namely: Office Equipment (13.11%), Components / Semiconductor Devices (4.26%), and Control and Instrumentation (3.66%). Kindly refer to Table 3.
Table 1 shows that the top five (5) countries of origin of electronics imports in September 2019 were the People’s Republic of China (20.65%), Taiwan (11.91%), Korea (11.29%), Japan (11.23%), and Hong Kong (9.85%).
Table 1: Top 5 Countries of Origin for Electronics Imports (August 2019 vs. September 2019)
The rest of the top ten countries of origin were the United States (9.41%), Singapore (8.99%), Malaysia (3.31%), Vietnam (2.87%), and Thailand (2.86%).
Fig. 4: Top Imported Products (September 2019)
The top imported electronic products in September 2019 are shown on Figure 4. Machinery and electrical parts from China grew by 44% but the same product imported from Japan decreased by 3% (see Table 4)
Table 2: PH Electronics Imports Product by Sector (Month-on-Month and Year-on-Year)
Notes for Table 3:
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 Electronics Imports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Imports Products and Countries of Destination