The Electronics industry remains as the country’s top exporter for the month of August, with total receipts of US$ 3.35 billion out of US$ 6.16 billion, or 54.28% of the total Philippine exports.
A. PH Electronic Exports: August 2018 versus July 2018 (Month-on-Month)
Fig. 1: PH Electronic Exports (Jul 2018 vs Aug 2018)
Electronic exports increased by 1.26%, from US$ 3.30 billion in July 2018, to US$ 3.35 billion in August 2018 (see Fig. 1).
Two out of nine sectors increased, led by Office Equipment at 83.36%, from US$ 45.10 million last month, to US$ 82.69 million this month, followed by Components/Devices (Semiconductors) at 4.51% (refer to Table 2).
Seven sectors decreased: Consumer Electronics (22.28%), Medical/Industrial Instrumentation (16.88%), Communication/Radar (14.09%), Electronic Data Processing (12.25%), Control and Instrumentation (7.52%), Telecommunication (4.12%), Automotive Electronics (2.92%) (see Table 2).
B. PH Electronic Exports: August 2017 versus August 2018 (Year-on-Year)
Electronic exports increased by 6.98%, from US$ 3.13 billion in August 2017, to US$ 3.35 billion in August 2018, as shown in Fig. 2.
Four out of nine sectors grew, led by Consumer Electronics at 95.23%, from US$ 26.41 million in August 2017, to US$ 51.57 million this August 2018. Other sectors that exhibited increases were Office Equipment (77.69%), Components/Devices or Semiconductors (7.73%), Electronic Data Processing (3.37%)
Five sectors declined: Communication and Radar (30.30%), Medical/Industrial Instrumentation (27.65%), Telecommunication (22.73%), Control and Instrumentation (5.08%), Automotive Electronics (1.65%) (refer to Table 2).
Fig. 2: PH Electronic Exports (Jul 2017 vs. Aug 2018)
C. PH Electronic Exports: Jan-Aug 2017 versus Jan-Aug 2018 (Year-to-Date)
Fig. 3: PH Electronic Exports (Jan-Aug 2017 vs. Jan-Aug 2018)
Cumulative electronic exports increased by 5.71%, from US$ 23.64 billion last year, to US$ 24.99 billion this year. This comprises 55.64% of total Philippine exports (see Fig. 3).
Six sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 83.27%, from US$ 210.03 million last year, to US$ 384.92 million this year. Other sectors that increased were Office Equipment (44.20%), Control and Instrumentation (11.30%), Electronic Data Processing (7.20%), Automotive Electronics (5.93%), and Components/Devices or Semiconductors (4.22%) (see Table 3).
Three sectors decreased: Communication/Radar (15.82%), Medical/Industrial Instrumentation (7.49%), and Telecommunication (4.32%) (refer to Table 3).
COUNTRIES OF DESTINATION (AUGUST 2018)
As shown in Table 1, the top five (5) countries of destination in August 2018 were Hong Kong (21.42%), the United States of America (15.50%), the People’s Republic of China (12.44%), Singapore (9.69%), and Japan (6.13%).
Table 1: Top 5 Destination Countries for Philippine Electronics (Jul 2018 vs. Aug 2018)
Other destinations in the top ten were Germany (5.83%), Taiwan (5.22%), Netherlands (4.60%), Thailand (3.79%), and Malaysia (2.90%).
Fig. 4: Top Exported Products, Aug 2018
The top exported electronics products for this month were Components/Devices or Semiconductors, Electronic Data Processing, Communication/Radar, Telecommunication, and Office Equipment, (refer to Fig. 4). Electrically circuit-programmed wafers and discs bound for the Netherlands increased by 185.78%. However, hard disk drives bound for Hong Kong decreased by 28.43% (see Table 4).
Table 2: PH Electronic Exports Product by Sector (Month-on-Month and Year-on-Year)
Notes for Table 2:
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 Electronic Exports Product by Sector (Year-to-Date)
Table 4: PH Top Electronic Export Products and Countries of Destination