The Electronics industry remains as the country’s top exporter for the month of February, with total receipts of US$ 3.08 billion out of US$ 5.18 billion, or 59.45% of the total Philippine exports.
A. PH Electronic Exports: January 2019 versus February 2019 (Month-on-Month)
Fig. 1: PH Electronic Exports (Jan 2019 vs Feb 2019)
Electronic exports increased by 0.89%, from US$ 2.51 billion in January 2019, to US$ 3.08 billion in February 2019 (see Fig. 1).
Three out of nine sectors increased, led by Office Equipment at 233.91%, from US$ 28.53 million last month, to US$ 95.25 million this month, followed by Telecommunication (67.63%), and Medical / Industrial Instrumentation (25.12%) (refer to Table 2).
Six sectors decreased, namely: Automotive Electronics (64.31%), Communication and Radar (12.08%), Control and Instrumentation (4.56%), Electronic Data Processing (3.38%), Consumer Electronics (1.93%), and Components / Semiconductor Devices (1.93%) (see Table 2).
B. PH Electronic Exports: February 2018 versus February 2019 (Year-on-Year)
Electronic exports increased by 0.78%, from US$ 3.083 billion in February 2018, to US$ 3.078 billion in February 2019, as shown in Fig. 2.
Five out of nine sectors increased, led by Office Equipment at 138.62%, from US$ 39.92 million in February 2018, to US$ 95.25 million in February 2019. Other sectors that exhibited an increase were Telecommunication (55.20%), Consumer Electronics (49.67%), and Communication / Radar (31.63%) (see Table 2).
Four sectors decreased, namely: Automotive Electronics (35.62%), Control and Instrumentation (21.21%), Electronic Data Processing (5.63%), Components / Semiconductor Devices (2.12%), and Medical / Industrial Instrumentation (1.95%) (refer to Table 2).
Fig. 2: PH Electronic Exports (Feb 2018 vs. Feb 2019)
C. PH Electronic Exports: Jan-Feb 2018 versus Jan- Feb 2019 (Year-to- Date)
Fig. 3: PH Electronic Exports (Jan-Feb 2018 vs. Jan- Feb 2019)
Cumulative electronic exports slightly decreased, from US$ 5.63 billion last year, to US$ 5.61 billion this year. This comprises 53.64% of total Philippine exports (see Fig. 3).
Four sectors increased from last year’s YTD figures. Office Equipment had the biggest gain at 57.71%, from US$ 78.48 million last year, to US$ 123.77 million this year. Other sectors that increased were Communication / Radar (40.44%), Consumer Electronics (35.85%), and Telecommunication (7.66%) (see Table 3).
Six sectors decreased: Automotive Electronics (25%), Medical / Industrial Instrumentation (14.39%), Control and Instrumentation (13.54%), Components / Semiconductor
COUNTRIES OF DESTINATION (FEBRUARY 2019)
As shown in Table 1, the top five (5) countries of destination in February 2019 were Hong Kong (18.14%), the United States of America (16.60%), the People’s Republic of China (12.48%), Japan (9.06%), and Singapore (7.75%).
Table 1: Top 5 Destination Countries for Philippine Electronics (Jan 2019 vs. Feb 2019)
Other destinations in the top ten were Germany (5.92%), the Netherlands (4.95%), Taiwan (4.18%), Korea (3.54%), and Thailand (3.47%).
Fig. 4: Top Exported Products, Feb 2019
The top exported electronics products for this month were Components / Semiconductor Devices, Electronic Data Processing, Communication / Radar, Telecommunication, and Consumer Electronics (refer to Fig. 4). Parts and Accessories of other office machines bound for Japan increased by 10.53%. However, Semiconductor Devices bound for China decreased by 10.71% (see Table 3).
Table 2: PH Electronic Exports Product by Sector (Month-on-Month and Year-on-Year)
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 3: PH Top Electronic Export Products and Countries of Destination