DECEMBER 2018 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

Electronics exports reached US$ 37.57 billion in 2018, the highest in the industry’s history, accounting for 55.67% of the country’s total commodity exports of the year. Based on the results published by the Philippine Statistics Authority (PSA) in February 2018 (US$ 32.7 billion in 2017), this growth would have been 14.9%, which exceeds the 6% growth target projected last year. However, based on PSA’s adjusted number of US$ 36.5 billion for 2017, the 2018 growth is 2.9%. Nonetheless, this is the second straight year for the record electronics exports.

A. PH Electronic Exports: November 2018 versus December 2018 (Month-on-Month)

01 Figure Export_MOM

Fig. 1: PH Electronic Exports (Nov 2018 vs. Dec 2018)

Electronic exports decreased by 14.19%, from US$ 3.15 billion in November 2018, to US$ 2.70 billion in December 2018 (see Fig. 1).

Eight out of nine sectors decreased, led by Medical Instrumentation at 42.62%, from US$ 4.63 million last month, to US$ 2.66 million this month, followed by Office Equipment (30.09%), Control and Instrumentation (18.32%), Components / Semiconductors Devices (15.51%), Consumer Electronics (12.62%), Electronic Data Processing (7.56%), Communication / Radar (3.97%), and Telecommunication (2.28%) (refer to Table 3).

Only Automotive Electronics increased by 117.81% (see Table 3).

B. PH Electronic Exports: December 2017 versus December 2018 (Year-on-Year)

Electronic exports decreased by 15.18%, from US$ 3.19 billion in December 2017, to US$ 2.70 billion in December 2018, as shown in Fig. 2.

Five out of nine sectors declined, led by Communication / Radar at 42.79%, from US$ 66.89 million in December 2017, to US$ 38.27 million this December 2018. Other sectors that exhibited a decrease were Telecommunication (34.27%), Components / Semiconductor Devices (18.39%), Medical / Industrial Instrumentation (11.75%), and Control and Instrumentation (7.05%) (see Table 3).

Four sectors increased, namely: Consumer Electronics (32.85%), Automotive Electronics (24.49%), Office Equipment (18.01%), and Electronic Data Processing (0.07%) (refer to Table 3).

02 Figure Export_YOY

Fig. 2: PH Electronic Exports (Dec 2017 vs. Dec 2018)

C. PH Electronic Exports: Jan-Dec 2017 versus Jan-Dec 2018.

03 Figure Export_YTD

Fig. 3: PH Electronic Exports (2017 vs. 2018)

Based on the Philippine Statistics Authority’s adjusted data for 2017 (revised in June 2018), cumulative electronic exports increased by 2.83%, from US$ 36.54 billion last year to US$ 37.57 billion this year (see Fig. 3), or 55.67% of total Philippine exports.

Based on published data for 2017 (reported in February 2018), exports increased by 14.9%, from US$ 32.7 billion last year to US$ 37.57 billion this year.

Six sectors increased from last year’s figures. Consumer Electronics increased by 81.26%, from US$ 324.92 million last year, to US$ 588.96 million this year. Other sectors that increased were Office Equipment (36%), Automotive Electronics (19.31%), Control and Instruments (10.36%), Electronic Data Processing (7.13%) and Components / Semiconductor Devices (1.17%) (see Table 3).

Medical/Industrial Instrumentation decreased by 39.75%, followed by Automotive Electronics at 36.95% and Telecommunication at 30.88% (see Table 3)

COUNTRIES OF DESTINATION (DECEMBER 2018)

As shown on Table 1, the top five countries of destination in December 2018 were: Hong Kong (20.50%), the United States of America (14.53%), the People’s Republic of China (11.90%), Singapore (9.04%) and Japan (8.28%).

01 Table Export

Table 1: Top 5 Destination Countries for Philippine Electronics (Nov 2018 vs.
Dec 2018)

Other destinations in the top ten were Germany (6.33%), Taiwan (5.16%), the Netherlands (3.74%), Thailand (3.52%) and Korea (3.06%).

04 Figure Export

Fig. 4: Top Exported Products, December 2018

The top exported electronics products in December 2018 were Components/Devices or Semiconductors, Electronic Data Processing, Communication / Radar, Office Equipment, and Telecommunication. Machinery and Mechanical Appliances parts bound to Thailand decreased by 29.03% (Table 4).

2017 vs. 2018

The top five countries of destination in 2017 were: Hong Kong (20.40%), the People’s Republic of China (12.88%), the United States of America (12.03%), Singapore (9.12%) and Japan (8.97%).

Other destinations in the top ten (10) were Korea (7.82%), Germany (5.67%), Taiwan (5.13%), the Netherlands (3.73%), and Thailand (3.34%).

02 Table Export

Table 2: Top 5 Destination Countries for Philippine Electronics (2018 vs 2017)

The top five countries of destination in 2018 were: Hong Kong (21.15%), the United States of America (13.61%), the People’s Republic of China (13.17%), Singapore (9.11%) and Japan (7.16%).

Other destinations in the top ten were Germany (6.07%), Taiwan (5.33%), Thailand (4.38%), Thailand (3.72%), and Korea (3.72%).

04 Figure Export

Fig. 5: Top Exported Products, December 2018

The top exported electronics products in 2018 were Components/Devices or Semiconductors, Electronic Data Processing, Communication/Radar, Office Equipment, and Control and Instrumentation.

Table 3: PH Electronic Exports Product by Sector (Month-on-Month and Year-on-Year)

03 Table Export

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 4: PH Electronic Exports Product by Sector

04 Table Export

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