AUGUST 2018 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

The Electronics industry imports for the month of August was at US$ 2.46 billion, or 25.40% of the US$ 9.68 billion total of Philippine imports.

A. PH Electronic Imports: August 2018 versus July 2018 (Month-on-Month)

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Fig. 1: PH Electronic Imports (Jul 2018 vs Aug 2018)

Electronic imports increased by 1.68%, from US$ 2.42 billion in July 2018, to US$ 2.46 billion in August 2018 (see Fig. 1).

Four out of nine sectors increased from the previous month’s figures as shown in Table 2. Communication and Radar increased by 29.04%, from US$ 80.78 million in July 2018, to US$ 104.24 million in August 2018. This was followed by Components/Devices (Semiconductors) (3.67%), Medical/Industrial Instrumentation (3.02%), and Consumer Electronics (1.57%) (refer to Table 2).

Five sectors decreased: Telecommunication (21.95%), Office Equipment (21.05%), Automotive Electronics (14.95%), Control and Instrumentation (6.01%), and Electronic Data Processing (2.68%) (see Table 2).

B. PH Electronic Imports: August 2017 versus August 2018 (Year-on-Year)

Electronic imports grew by 9.95%, from US$ 2.24 billion in August 2017, to US$ 2.46 billion in August 2018, as shown in Fig. 2.

Six out of nine sectors increased, led by Consumer Electronics at 17.52%, from US$ 86.43 million last year, to US$ 101.57 million this year. This was followed by Automotive Electronics (15.63%), Communication/Radar (14.22%), Components/Devices or Semiconductors (13.78%), Office Equipment (5.46%), and Control and Instrumentation (3.73%).

Three sectors decreased: Medical/Industrial Instrumentation (33.61%), Telecommunication (10.28%) and Electronic Data Processing (1.45%) (refer to Table 2).

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Fig. 2: PH Electronic Imports (Aug 2017 vs. Aug 2018)

C. PH Electronic Imports: Jan-Aug 2017 versus Jan-Aug 2018 (Year-to-Date)

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Fig. 3: PH Electronic Imports (Jan-Aug 2017 vs. Jan-Aug 2018)

Cumulative electronic imports increased by 19.22%, from US$ 15.39 billion last year, to US$ 18.35 billion this year. This comprises 25.88% of total Philippine exports (see Fig. 3).

Eight out of nine sectors increased compared with last year. Telecommunication grew by 47.16%, from US$ 756.18 million last year, to US$ 1.11 billion this year. This was followed by Office Equipment (38.81%), Automotive Electronics (34.57%), Control and Instrumentation (26.05%), Consumer Electronics (21.50%), Components/Devices or Semiconductors (20.08%), Communication/Radar (16.53%), and Electronic Data Processing (4.60%) (see Table 3).

Medical/Industrial Instrumentation decreased by 15.52%.

COUNTRIES OF ORIGIN (AUGUST 2018)

Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in August 2018 were the Republic of Korea (19.76%), People’s Republic of China (15.91%), Taiwan (13.43%), Japan (10.42%) and Singapore (8.96%).

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Table 1: Top 5 Destination Countries for Philippine Electronics (Jul 2018 vs. Aug 2018)

The United States of America (8.39%), Hong Kong (7.38%), Malaysia (3.32%), Thailand (2.68%) and Germany (2.29%) also comprise the rest of the top ten countries of origin for imports.

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Fig. 4: Top Imported Products (Aug 2018)

The top imported electronics products this month were Components/Devices or Semiconductors, Electronic Data Processing, Telecommunication, Communication/Radar, and Consumer Electronics. Dice of materials imported from the US grew by 44.32%. However, scramblers, including speech inverters imported from China, decreased by 35.10% (see Table 4).

Table 2: PH Electronic Imports Product by Sector (Month-on-Month and Year-on-Year)

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Notes for Table 2:

F.O.B. Value in Million U.S. Dollars

Electronic Eqpt and Parts – referred as “Other Electronics”                                 r – Revised

p– Preliminary                                         Growth rates were computed from actual values

Table 3: PH Electronic Imports Product by Sector (Year-to-date)

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Table 4: PH Top Imported Electronic Products and Countries of Destination

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