AUGUST 2020 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports for the month of August reached US$ 2.27 billion, or 31.48% of total Philippine imports. This month’s imports are lower than both last month’s numbers and last year’s.  This is still due to the material supply chain disruption during the COVID-19 pandemic.

A. PH Electronics Imports: (Month-on-Month)

1

Fig. 1: PH Electronics Imports (July 2020 vs August 2020)

Electronics imports decreased by 5.24%, from US$ 2.39 billion in July 2020, to US$ 2.27 billion in August 2020 (see Fig. 1).

Six sectors decreased, as shown in Table 2. Control and Instrumentation dropped by 25.96, from US$ 54.52 million in July 2020, to US$ 40.37 million in August 2020. This was followed by Telecommunication (21.27%), Automotive Electronics (20.15%), Medical / Industrial Instrumentation (19.80%), Components / Semiconductor Devices (9.09%), and Office Equipment (7.16%). Please see Table 2.

Imports in five out of nine sectors increased, led by Consumer Electronics at 32.50%. This was followed by Electronic Data Processing (11.17%), and Communication / Radar (9.13%). Kindly refer to Table 2.


B. PH Electronics Imports: (Year-on-Year)

Electronics imports decreased by 4.20%, from US$ 2.37 billion in August 2019, to US$ 2.27 billion in August 2020, as shown in Fig. 2.

Imports in six sectors dropped, led by Medical/ Industrial Instrumentation at 54.65%, from US$ 21.31 million last year to US$ 9.66 million this year. This was followed by Telecommunication (47.19%), Control and Instrumentation (26.05%), Automotive Electronics (15.22%), Consumer Electronics (10.20%), and Components/ Semiconductor Devices (1.45%). Please see Table 2.

Imports in three out of nine sectors increased, namely: Office Equipment (23.95%), Communication / Radar (14.63%) and Electronic Data Processing (4.54%). Kindly refer to Table 2.

2

Fig. 2: PH Electronics Imports (August 2019 vs. August 2020)


C. PH Electronics Imports: (Year-to-Date)

3

Fig. 3: PH Electronics Imports (January-August 2019 vs. January-August 2020)

Cumulative YTD electronics imports decreased by 15.20%, from US$ 19.08 billion last year, to US$ 16.18 billion this year. This comprises 30.02% 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 51.12%, from US$ 958.57 million last year, to US$ 468.56 million this year. Other sectors that decreased were Telecommunication (43.21%), Automotive Electronics (26.83%), Control and Instrumentation (25.00%), Medical / Industrial Instrumentation (23.78%), Communication / Radar (17.49%), Electronic Data Processing (12.86%), Components / Semiconductor Devices (9.99%), and Office Equipment (4.35%). Please see Table 3.


COUNTRIES OF ORIGIN (AUGUST 2020)

Table 1 shows that the top five (5) countries of origin of electronics imports in August 2020 were China (22.67%), South Korea (12.17%), Taiwan (11.69%), Japan (11.42%), and Singapore (9.87%).

4

Table 1: Top 5 Countries of Origin for Electronics Imports (August 2020 vs July 2020)

The rest of the top ten countries of origin were Hong Kong (9.10%), USA (7.61%), Malaysia (3.26%), Vietnam (2.84%), and Thailand (2.80%).


5

Fig. 4: Top Imported Products (August 2020)

The top imported electronic products in August 2020 are shown on Figure 4. Materials and accessories imported from South Korea increased by 129% but dice imported from the same country decreased by 36% (see Table 4).


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

6


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

7


Table 4: PH Top Electronics Import Products and Countries of Origin

8

Bottom Ad