AUGUST 2019 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

 

Electronics imports in August 2019 decreased by 4.62% from the previous month, but slightly increased by 1.13%, year-to-date (Jan – Aug 2019).

A. PH Electronic Imports: July 2019 versus August 2019 (Month-on-Month)

 

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Fig. 1: PH Electronic Imports (July 2019 vs August 2019)

Electronic imports decreased by 4.62%, from US$ 2.46 billion in July, to US$ 2.35 billion in August (see Fig. 1).

Five out of nine sectors dropped from the previous month’s figures, as shown in Table 2. Consumer Electronics decreased by 14.52%, from US$ 127.52 million in July 2019, to US$ 109 million in August 2019. This was followed by Office Equipment (13.41%), Electronic Data Processing (12.75%), Automotive Electronics (12.20%), and Components / Semiconductor Devices (5.03%). Please see Table 2.

Four out of nine sectors increased, namely: Medical / Industrial Instrumentation (31.58%), Control and Instrumentation (16.68%), Telecommunication (13.34%), and Communication / Radar (6.47%). Kindly refer to Table 2.


B. PH Electronic Imports: August 2018 versus August 2019 (Year-on-Year)

Electronic imports slightly decreased by 6.04%, from US$ 2.50 billion in August 2018, to US$ 2.35 billion in August 2019, as shown in Fig. 2.

Three out of nine sectors dropped, led by Office Equipment at 22.39%, from US$ 15.41 million last year to US$ 11.96 million this year. This was followed Components / Semiconductor Devices (14.40%), and Communication / Radar (3.30%). Please see Table 2.

Six sectors increased, namely: Automotive Electronics (52.77%), Medical / Industrial Instrumentation (51.92%), Telecommunication (43.51%), Electronic Data Processing (18.13%), Consumer Electronics (6.53%), and Control and Instrumentation (1.88%). Kindly refer to Table 2.

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Fig. 2: PH Electronic Imports (August 2018 vs. August 2019)


C. PH Electronic Imports: January-August 2018 versus January-August 2019 (Year-to Date)

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Fig. 3: PH Electronic Imports (January-August 2018 vs. January-August 2019)

Cumulative electronic imports grew by 1.13%, from US$ 18.64 billion last year, to US$ 18.85 billion this year. This comprises 26.43% of total Philippine imports (see Fig. 3).

Seven sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 28.48%, from US$ 735.23 million last year, to US$ 945.28 million this year. Other sectors that increased Automotive Electronics (20.12%), Electronic Data Processing (14.97%), Medical / Industrial Instrumentation (5.60%), Telecommunication (2.96%), Control and Instrumentation (2.88%), and Communication / Radar (1.21%). Please see Table 3.

Two sectors decreased: Office Equipment (18.25%) and Components / Semiconductor Devices (2.80%). Kindly refer to Table 3.


COUNTRIES OF ORIGIN (AUGUST 2019)

Table 1 shows that the Philippines’ top five (5) countries of origin of electronics imports in August 2019 were the People’s Republic of China (20.59%), Taiwan (12.16%), Japan (11.50%), Korea (10.97%), and Singapore (10.13%).

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Table 1: Top 5 Countries of Origin for Philippine Electronics Imports (July 2019 vs. August 2019)

The rest of the top ten countries of origin were the United States (9.62%), Hong Kong (9.43%), Malaysia (3.23%), Thailand (2.74%), and Germany (2.39%).

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Fig. 4: Top Imported Products (August 2019)

The top imported electronics products this month were Components / Semiconductor Devices, Electronic Data Processing, Telecommunication, Consumer Electronics, Communication / Radar. Materials imported on a consignment basis from Taiwan grew by 64%. Dice from the United States increased by 57% but materials imported on a consignment basis from Korea decreased by 48% (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 3:

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 Electronic Imports Products and Countries of Destination

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