The electronics industry reached US$ 39.67 billion in exports last 2020, or 62.2% of total commodity exports. This is 8.8% lower than 2019 figures due to the operations and material supply chain disruptions during the COVID-19 pandemic.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (November 2020 vs December 2020)
Electronics exports grew by 2.4%, from US$ 3.81 billion in November to US$ 3.90 billion in December (see Fig. 1).
Exports in three sectors increased, as shown in Table 2. Office equipment increased by 20.35% from US$ 35.82 million, to US$ 43.11 million. This was followed by Components/Semiconductor (7.18%) and Medical / Industrial Instrumentation (5.66%). Please see Table 2.
Consumer electronics decreased by 24.77%, from US$ 127.96 million to US$ 96.26 million, followed by Communication/Radar (13.37%), Electronic Data Processing (10.07%), Control and Instrumentation (2.10%), Telecommunication (1.88%) and Automotive Electronics (1.82%). Kindly refer to Table 2.
B. PH Electronics Exports: (Year-on-Year)
Overall electronics exports grew by 5.48%, from US$ 3.70 billion in December 2019, to US$ 3.90 billion in December 2020 as shown in Fig. 2.
Exports in five sectors were positive with Control and Instrumentation alone growing 148.38%, from US$ 27.85 million last year to US$ 69.18 million this year. It was followed by Consumer Electronics (102.57%), Medical/Instrumentation (68.61%), Electronic Data Processing (11.67%), and Components/Semiconductor Devices positive (1.69%). See Table 2.
Four sectors went downward namely, Automotive Electronics (57.84%), Telecommunication (36.82%), Office Equipment (11.15%), and Communication/Radar (6.04%). See Table 2.
Fig. 2: PH Electronics Exports (November 2019 vs. November 2020)
C. PH Electronics Exports (Year-to-Date)
Fig. 3: PH Electronics Exports (January-December 2019 vs. January-December 2020)
Total electronics exports went down by 8.8%, from US$ 43.49 billion in 2019 to US$ 39.67 billion in 2020. This translates to 62.2% of the total Philippine exports
(see Fig. 3).
Five out of nine sectors contracted from last year’s YTD figures led by Telecommunication at 51.35%, from US$ 639.31 million in December 2019 to US$ 311.03 million in December 2020. This was followed by Communication/Radar (37.06%), Office equipment (21.68%), Electronic Data Processing (13.10%), and Components/Semiconductor (5.77%). See Table 3.
Exports in four sectors increased with the highest growth in Control and Instrumentation at 64.22%, followed by Medical/Industrial Instrumentation at 31.43%, Consumer Electronics at 6.88%, and Automotive Electronics at 2.46%. Also see Table 3.
COUNTRIES OF DESTINATION (DECEMBER 2020)
As shown in Table 1, the top five (5) countries of destination in December 2020 were Hong Kong (22.37%), China (13.77%), USA (13.67%), Japan (6.72%), and Singapore (6.28%).
Table 1: Top 5 Destination Countries for Electronics (November 2020 vs. December 2020)
Other destinations in the top ten are Germany (4.84%), Taiwan (4.42%), Thailand (3.43%), South Korea (2.82%), and Vietnam (2.80%).
Fig. 4: Top Exported Products, December 2020
The top exported electronics products in December 2020 are shown on Figure 4. Wafers and discs bound for Hong Kong increased by 8.19%; however, semiconductor devices bound for USA dropped by (31.17%). (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