The electronics industry reached US$ 3.16 billion in August 2020, or a decrease of 11.74% from last month.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (July 2020 vs August 2020)
Electronics exports decreased by 11.74%, from US$ 3.58 billion in July 2020, to US$ 3.16 billion in August 2020 (see Fig. 1).
Exports in seven sectors decreased, from the previous month’s figures, as shown in Table 2. Office Equipment decreased by 22.16%, from US$ 66.78 million, to US$ 51.98 million this month. This was followed by Telecommunication (20.14%), Components / Semiconductor Devices (14.67%), Medical / Industrial Instrumentation (11.06%), Electronic Data Processing (6.93%), Consumer Electronics (6.02%), and Communication / Radar (3.48%). Please see Table 2.
Exports in two sectors increased, led by Automotive Electronics increased by 29.55% and Control and Instrumentation 8.96%.
B. PH Electronics Exports: (Year-on-Year)
Exports decreased by 19.94%, from US$ 3.95 billion in August 2019, to US$ 3.16 billion in August 2020, as shown in Fig. 2.
Exports in five out of nine sectors dropped, the worst being Telecommunication at 71.22%, from US$ 77.70 million in August 2019, to US$ 22.36 million in August 2020. This others were Communication / Radar (48.98%), Components / Semiconductor Devices (21.31%), Office Equipment (18.45%), and Electronic Data Processing (17.97%). Please see Table 2.
Exports in five out of nine sectors increased, led by Control and Instrumentation at 78.40%. This was followed by Consumer Electronics (70.36%), Automotive Electronics (55.65%), and Medical / Industrial Instrumentation (39.91%). Kindly refer to Table 2.
Fig. 2: PH Electronics Exports (Aug 2019 vs. Aug 2020)
C. PH Electronics Exports (Year-to-Date)
Cumulative electronics exports decreased by 15.87%, from US$ 28.44 billion last year to US$ 23.92 billion this year. This comprises 60.89% of total Philippine exports (see Fig. 3).
Exports in six sectors decreased from last year’s YTD figures. Telecommunication decreased at 54.04%, from US$ 430.65 million last year, to US$ 197.91 million this year. Other sectors that decreased were Communication / Radar (49.81%), Electronic Data Processing (23.80%), Office Equipment (23.10%), Components / Semiconductor Devices (10.56%), and Consumer Electronics (8.61%). Please see Table 3.
Three sectors increased, namely: Control and Instrumentation (34.38%), Automotive Electronics (27.86%), and Medical / Industrial Instrumentation (9.47%). Kindly refer to Table 3.
COUNTRIES OF DESTINATION (AUGUST 2020)
As shown in Table 1, the top five (5) countries of destination in July 2020 were Hong Kong (20.48%), the People’s Republic of China (12.32%), the United States (11.51%), Singapore (9.44%), and Japan (8.13%).
Table 1: Top 5 Destination Countries for Electronics (August 2020 vs. July 2020)
Other destinations in the top ten were Germany (5.56%), Thailand (4.31%), Taiwan (3.62%), Netherlands (3.09%), and South Korea (2.68%).
Fig. 4: Top Exported Products, August 2020
The top exported electronics products in August 2020 are shown on Figure 4. Hard disk drives bound for the U.S increased by 98%; however, semiconductor devices bound for the same country decreased by 49% (see Table 4).
Table 2: PH Electronics Exports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Electronics Exports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Export Products and Countries of Destination