DECEMBER 2019 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

While electronics exports increased by 4.06% in 2019, imports of raw materials decreased by 1.91%, from US$ 28.67 to US$ 28.12.

 

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

 

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Fig. 1: PH Electronics Imports (Nov 2019 vs Dec 2019)

 

Electronics imports decreased by 15.50%, from US$ 2.46 billion in November, to US$ 2.08 billion in December (see Fig. 1).

Imports in seven out of nine sectors decreased, as shown in Table 2. Consumer Electronics decreased by 36.75%, from US$ 125.65 million in November 2019, to US$ 79.47 million in December 2019. This was followed by Telecommunication (34.93%), Electronic Data Processing (31.78%), Automotive Electronics (19.77%), Components / Semiconductor Devices (9.37%), Communication / Radar (7.11%), and Control and Instrumentation (4.76%). Please see Table 3.

Imports in two sectors increased, namely: Office Equipment (30.92%) and Medical / Industrial Instrumentation (19.54%). Kindly refer to Table 3.

 

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

Electronics imports decreased by 7.05%, from US$ 2.24 billion in December 2018, to US$ 2.08 billion in December 2019, as shown in Fig. 2.

Imports in four out of nine sectors dropped, led by Consumer Electronics at 24.57%, from US$ 105.36 million last year to US$ 79.47 million this year. This was followed Control and Instrumentation (18.59%), Components / Semiconductor Devices (12.52%), and Telecommunication (0.80%). Please see Table 3.

Five sectors increased, namely: Office Equipment (100.42%), Medical / Industrial Instrumentation (50.84%), Automotive Electronics (17.82%), Electronic Data Processing (17.32%), and Communication / Radar (13.43%). Kindly refer to Table 3.

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Fig. 2: PH Electronics Imports (Dec 2018 vs. Dec 2019)

 

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

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Fig. 3: PH Electronics Imports (January-December 2018 vs. January-December 2019)

 

Cumulative electronics imports decreased by 1.91%, from US$ 28.67 billion last year, to US$ 28.12 billion this year. This comprises 26.19% of total Philippine imports (see Fig. 3).

Imports in three sectors decreased from last year’s YTD figures. Control and Instrumentation had the biggest drop at 8.03%, from US$ 664.89 million last year, to US$ 611.51 million this year. Other sectors that decreased were Components / Semiconductor Devices (6.84%) and Office Equipment (1.35%). Please see Table 4.

Six sectors increased, namely: Automotive Electronics (24.26%), Electronic Data Processing (15.59%), Consumer Electronics (14.93%), Medical / Industrial Instrumentation (12.63%), Telecommunication (5.88%), and Communication / Radar (3.75%). Kindly refer to Table 4.

 

COUNTRIES OF ORIGIN (DECEMBER 2019)

Table 1 shows that the top five (5) countries of origin of electronics imports in December 2019 were the People’s Republic of China (21.94%), Taiwan (12.68%), Singapore (11.60%), Japan (10.99%), and South Korea (10.83%).

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Table 1: Top 5 Countries of Origin for Electronics Imports (November 2019 vs. December 2019)

 

The rest of the top ten countries of origin were USA (9.10%), Hong Kong (7.51%), Thailand (3.07%), Malaysia (3.06%), and Germany (2.15%).

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Fig. 4: Top Imported Products (December 2019)

The top imported electronic products in December 2019 are shown on Figure 4.

 

COUNTRIES OF ORIGIN (2018 vs 2019)

Table 2 shows that the top five (5) countries of origin of electronics imports in 2019 were the People’s Republic of China (20.42%), South Korea (12.43%), Japan (11.53%), Taiwan (11.29%), and Singapore (10.05%).

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Table 2: Top 5 Countries of Origin for Electronics Imports (2018 vs 2019)

 

The rest of the top ten countries of origin were USA (9.83%), Hong Kong (8.82%), Malaysia (3.18%), Thailand (3.00%), and Vietnam (2.23%).

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Fig. 5: Top Imported Products (2019)

The top imported electronic products in 2019 are Electronic Data Processing, Consumer Electronics, Telecommunication, Communication / Radar, and Medical / Industrial Instrumentation.

Table 3: PH Electronics 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”
p– Preliminary
r – Revised
Growth rates were computed from actual values

 

Table 4: PH Electronics Imports Product by Sector (Year-to-date)

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