Electronics imports for the month of October reached US$ 2.49 billion, or 31.19% of total Philippine imports. This increase is due to the continuing improvement in the materials supply during the COVID-19 pandemic.
A. PH Electronics Imports: (Month-on-Month)
Fig. 1: PH Electronics Imports (September 2020 vs October 2020)
Electronics imports increased by 1.65%, from US$ 2.45 billion in September 2020, to US$ 2.49 billion in October 2020 (see Fig. 1).
Four sectors increased, as shown in Table 2. Automotive Electronics increased by 47.50, from US$ 2.47 million in September 2020, to US$ 3.65 million in October 2020, followed by Communication / Radar (31.80%), Telecommunication (14.66), and Electronic Data Processing (10.73%). Please see Table 2.
Imports in five out of nine sectors decreased, led by Medical / Industrial Instrumentation at 37.48%, Consumer Electronics (16.79%), Office Equipment (12.08%), Control and Instrumentation (7.52%) and Components/ Devices (Semiconductors) (1.29%). Kindly refer to Table 2.
B. PH Electronics Imports: (Year-on-Year)
Electronics imports increased by 1.13%, from US$ 2.46 billion in October 2019, to US$ 2.49 billion in October 2020, as shown in Fig. 2.
Imports in three sectors increased, led by Electronic Data Processing at 20.48%, from US$ 368.59 million last year to US$ 444.09 million this year, followed by Components/ Semiconductor Devices (3.6%) and Telecommunication (0.4%). Please see Table 2.
Imports in six out of nine sectors declined, namely: Medical / Industrial Instrumentation (75.45%), Office Equipment (45.84%), Automotive Electronics (43.87%), Control and Instrumentation (29.68%), Communication / Radar (24.61%), and Consumer Electronics (11.07%). Kindly refer to Table 2.
Fig. 2: PH Electronics Imports (October 2019 vs. October 2020)
C. PH Electronics Imports: (Year-to-Date)
Fig. 3: PH Electronics Imports (January-October 2019 vs. January-October 2020)
Cumulative YTD electronics imports decreased by 11.59%, from US$ 23.91 billion last year, to US$ 21.14 billion this year. This comprises 30.18% of total Philippine imports (see Fig. 3).
Imports in all nine sectors decreased from last year’s YTD figures. Consumer Electronics had the biggest drop at 43.05%, from US$ 1,190.70 million last year, to US$ 678.11 million this year. Other sectors that decreased were Telecommunication (36.22%), Medical / Industrial Instrumentation (32.26%), Automotive Electronics (31.68%), Control and Instrumentation (24.24%), Communication / Radar (20.24%), Office Equipment (15.83%), Components / Semiconductor Devices (6.85%), and Electronic Data Processing (5.87%). Please refer to Table 3.
COUNTRIES OF ORIGIN (OCTOBER 2020)
Table 1 shows that the top five (5) countries of origin of electronics imports in October 2020 were China (25.08%), South Korea (12.67%), Japan (12.62%), Taiwan (11.04%), and Singapore (8.64%).
Table 1: Top 5 Countries of Origin for Electronics Imports (October 2020 vs September 2020)
The rest of the top ten countries of origin were Hong Kong (8.05%), USA (7.97%), Thailand (3.35%), Malaysia (3.05%), and Germany (1.67%).
Fig. 4: Top Imported Products (September 2020)
The top imported electronic products in October 2020 are shown on Figure 4. Machinery and Mechanical Appliances; Electrical Equipment parts imported from China increased by 66% (see Table 4).
Table 2: PH Electronics Imports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Electronics Imports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Import Products and Countries of Origin