Electronics imports for the month of May reached US$ 1.83 billion, or 31.25% of total Philippine imports. While this is higher than last month’s numbers, it’s still lower than last year’s. This is still due to the material supply chain disruption during the COVID-19 pandemic.
A. PH Electronics Imports: (Month-on-Month)
Fig. 1: PH Electronics Imports (Apr 2020 vs May 2020)
Electronics imports increased by 40.59%, from US$ 1.30 billion in April 2020, to US$ 1.83 billion in May 2020 (see Fig. 1).
All nine sectors increased, as shown in Table 2. Office Equipment went up by 131.52%, from US$ 4.07 million in April 2020, to US$ 9.42 million in May 2020. This was followed by Automotive Electronics (126.65%), Telecommunication (116.60%), Control and Instrumentation (75.75%), Medical / Industrial Instrumentation (74.04%), Electronic Data Processing (71.20%), Consumer Electronics (64.72%), Components / Semiconductor Devices (35.09%), and Communication / Radar (4.23%). Please see Table 2.
B. PH Electronics Imports: (Year-on-Year)
Electronics imports decreased by 27.17%, from US$ 2.51 billion in May 2019, to US$ 1.83 billion in May 2020, as shown in Fig. 2.
Imports in all nine sectors dropped, led by Consumer Electronics at 76.65%, from US$ 126.89 million last year to US$ 29.63 million this year. This was followed Telecommunication (59.07%), Automotive Electronics (50.68%), Medical / Industrial Instrumentation (48.84%), Office Equipment (45.65%), Communication / Radar (43.91%), Electronic Data Processing (36.11%), Control and Instrumentation (32.78%), and Components / Semiconductor Devices (16.85%). Please see Table 2.
Fig. 2: PH Electronics Imports (May 2019 vs. May 2020)
C. PH Electronics Imports: (Year-to-Date)
Fig. 3: PH Electronics Imports (January-May 2019 vs. January-May 2020)
Cumulative YTD electronics imports decreased by 19.85%, from US$ 11.82 billion last year, to US$ 9.48 billion this year. This comprises 29.25% 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 60.05%, from US$ 622.57 million last year, to US$ 248.70 million this year. Other sectors that decreased were Telecommunication (41.69%), Controls and Instrumentation (32.37%), Automotive Electronics (32.08%), Communication / Radar (30.33%), Medical / Industrial Instrumentation (21.25%), Electronic Data Processing (15.28%), Components / Semiconductor Devices (14.48%), and Office Equipment (14.25%). Please see Table 3.
COUNTRIES OF ORIGIN (MAY 2020)
Table 1 shows that the top five (5) countries of origin of electronics imports in May 2020 were China (23.70%), South Korea (17.61%), Taiwan (15.18%), Japan (9.89%), and Singapore (9.00%).
Table 1: Top 5 Countries of Origin for Electronics Imports (April 2020 vs May 2020)
The rest of the top ten countries of origin were USA (7.38%), Hong Kong (5.80%), Malaysia (2.52%), Thailand (2.49%), and Germany (1.68%).
Fig. 3: Top Imported Products (May 2020)
The top imported electronic products in May 2020 are shown on Figure 3. Machinery and electrical equipment parts imported from Hong Kong increased by 90% but dice of any material imported from Taiwan decreased by 4% (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 Import Products and Countries of Origin