The electronics industry reached US$ 1.64 billion, which is 58% of total exports in April 2020, or 51.77% lower than the same period in 2019. This significant drop is a result of the manpower and supply chain disruptions during the COVID-19 pandemic.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (Mar 2020 vs Apr 2020)
Electronics exports decreased by 38.04%, from US$ 2.65 billion in March 2020, to US$ 1.64 billion in April 2020 (see Fig. 1).
Exports in nine sectors dropped, from the previous month’s figures, as shown in Table 2. Consumer Electronics decreased by 84.32%, from US$ 51.85 million, to US$ 8.13 million this month. This was followed by Medical / Industrial Instrumentation (74.71%), Automotive Electronics (62.43%), Electronic Data Processing (58.72%), Office Equipment (50.62%), Telecommunication (49.40%), Communication / Radar (43.51%), Control and Instrumentation (34.89%), and Components / Semiconductor Devices (26.70%). Please see Table 2.
B. PH Electronics Exports: (Year-on-Year)
Electronics decreased by 51.77%, from US$ 3.40 billion in April 2019, to US$ 1.64 billion in April 2020, as shown in Fig. 2.
Exports in eight out of nine sectors dropped, led by Consumer Electronics at 80.46%, from US$ 41.61 million in April 2019, to US$ 8.13 million in April 2020. This was followed by Telecommunication (75.04%), Office Equipment (71.99%), Electronic Data Processing (70.73%), Medical / Industrial Instrumentation (66.33%), Communication / Radar (66.28%), Automotive Electronics (54.23), and Components / Semiconductor Devices (41.94%). Please see Table 2.
Control and Instrumentation increased by 16.41%. Kindly refer to Table 2.
Fig. 2: PH Electronics Exports (Apr 2019 vs. Apr 2020)
C. PH Electronics Exports (Year-to-Date)
Fig. 3: PH Electronics Exports (January-April 2019 vs. January-April 2020)
Cumulative electronics exports decreased by 16.44%, from US$ 13.13 billion last year to US$ 10.97 billion this year. This comprises 59.26% of total Philippine exports (see Fig. 3).
Exports in six sectors decreased from last year’s YTD figures. Telecommunication decreased at 43.70%, from US$ 190.87 million last year, to US$ 107.46 million this year. Other sectors that decreased were Communication / Radar (41.63%), Electronic Data Processing (29.91%), Components / Semiconductor Devices (10.65%), Office Equipment (10.20%), and Medical / Industrial Instrumentation (2.19%). Please see Table 3.
Three sectors increased, namely: Automotive Electronics (39.36%), Consumer Electronics (13.54%), and Control and Instrumentation (8.95%). Kindly refer to Table 3.
COUNTRIES OF DESTINATION (APRIL 2020)
As shown in Table 1, the top five (5) countries of destination in April 2020 were Hong Kong (27.47%), the United States (12.26%), Singapore (10.53%), the People’s Republic of China (9.80%), and Japan (6.90%).
Table 1: Top 5 Destination Countries for Electronics (April 2020 vs. March 2020)
Other destinations in the top ten were Taiwan (5.06%), Thailand (4.89%), Germany (3.77%), South Korea (3.15%), Netherlands (3.14%).
Fig. 3: Top Exported Products, April 2020
The top exported electronic products in April 2020 are shown on Figure 3. Semiconductor devices bound for the U.S increased by 29%. Hard disk drives bound for Hong Kong decreased by 42% (see Table 4).
Table 2: PH Electronics Exports 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 Exports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Export Products and Countries of Destination