Electronics imports reached US$ 1.30 billion, or 34.58% lower compared from the previous year, making up 39.57% of total imports of the country in April. 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 (Mar 2020 vs Apr 2020)
Electronics imports decreased by 34.58%, from US$ 1.99 billion in March 2020, to US$ 1.30 billion in April 2020 (see Fig. 1).
All nine sectors decreased, as shown in Table 2. Office Equipment decreased by 74.08%, from US$ 16.14 million in March 2020, to US$ 4.18 million in April 2020. This was followed by Consumer Electronics (72.93%), Telecommunication (70.83%), Automotive Electronics (70.76%), Medical / Industrial Instrumentation (69.77%), Electronic Data Processing (48.55%), Communication / Radar (43.30%), Controls and Instrumentation (41.17%), and Components / Semiconductor Devices (25.86%). Please see Table 2.
B. PH Electronics Imports: (Year-on-Year)
Electronics imports decreased by 45.96%, from US$ 2.40 billion in April 2019, to US$ 1.30 billion in April 2020, as shown in Fig. 2.
Imports in all nine sectors dropped, led by Consumer Electronics at 87.82%, from US$ 147.72 million last year to US$ 17.99 million this year. This was followed Telecommunication (82.68%), Automotive Electronics (75.67%), Office Equipment (71.58%), Medical / Industrial Instrumentation (70.19%), Controls and Instrumentation (59.66%), Electronic Data Processing (54.72%), Communication / Radar (53.40%), and Components / Semiconductor Devices (35.00%). Please see Table 2.
Fig. 2: PH Electronics Imports (Apr 2019 vs. Apr 2020)
C. PH Electronics Imports: (Year-to-Date)
Fig. 3: PH Electronics Imports (January-April 2019 vs. January-April 2020)
Cumulative electronics imports decreased by 17.90%, from US$ 9.31 billion last year, to US$ 7.65 billion this year. This comprises 28.80% 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 55.80%, from US$ 495.68 million last year, to US$ 219.07 million this year. Other sectors that decreased were Telecommunication (36.88%), Controls and Instrumentation (32.45%), Automotive Electronics (27.19%), Communication / Radar (26.90%), Medical / Industrial Instrumentation (14.25%), Components / Semiconductor Devices (13.89%), Electronic Data Processing (8.75%), and Office Equipment (4.30%). Please see Table 3.
COUNTRIES OF ORIGIN (APRIL 2020)
Table 1 shows that the top five (5) countries of origin of electronics imports in April 2020 were China (17.76%), Taiwan (17.11%), South Korea (16.00%), Japan (12.49%), and Singapore (10.28%).
Table 1: Top 5 Countries of Origin for Electronics Imports (March 2020 vs April 2020)
The rest of the top ten countries of origin were Singapore (8.31%), Hong Kong (7.46%), Malaysia (2.87%), Thailand (2.42%), and Vietnam (2.36%).
Fig. 3: Top Imported Products (April 2020)
The top imported electronic products in April 2020 are shown on Figure 3. Material, accessories, and parts imported from South Korea increased by 16% but machinery and mechanical appliances imported from China decreased by 74% (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