FEBRUARY 2019 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports reached US$ 2.04 billion in February 2019, making up 26% of the US$ 7.97 billion total imports of the country.

A. PH Electronic Imports: January 2019 versus February 2019 (Month-on-Month)

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Fig. 1: PH Electronic Imports (Jan 2019 vs Feb 2019)

Electronic imports decreased by 13.66%, from US$ 2.36 billion in January 2019, to US$ 2.04 billion in February 2019 (see Fig. 1).

Seven out of nine sectors decreased from the previous month’s figures, as shown in Table 2. Communication / Radar decreased by 40.32%, from US$ 124.63 million in January 2019, to US$ 74.37% million in February 2019. This was followed by Medical / Industrial Instrumentation (23.39%), Electronic Data Processing (22.03%), Telecommunication (19.87%), Automotive Electronics (18.93%), Control / Instrumentation (15.91%), and Components and Semiconductor Devices (11.33%) (refer to Table 2).

Two sectors increased, namely: Consumer Electronics (11.75%), and Office Equipment (5.42%) (see Table 2).

B. PH Electronic Imports: February 2018 versus February 2019 (Year-on-Year)

Electronic imports slightly decreased by 4.13%, from US$ 2.13 billion in January 2019, to US$ 2.04 billion in February 2019, as shown in Fig. 2.

Six out of nine sectors increased, led by Medical / Industrial Instrumentation at 33.24%, from US$ 14.60 million last year to US$ 9.75 million this year. This was followed by Communication / Radar (25.35%), Office Equipment (24.11%), Telecommunication (20.09%), Electronic Data Processing (15.39%), and Components and Semiconductor Devices (1.18%) (see Table 2).

Three sectors decreased, namely: Consumer Electronics (26.24%), Automotive Electronics (14.19%), and Control and Instrumentation (10.48%).

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Fig. 2: PH Electronic Imports (Feb 2018 vs. Feb 2019)

C. PH Electronic Imports: Jan-Feb 2018 versus Jan- Feb 2019 (Year-to- Date)

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Fig. 3: PH Electronic Imports (Jan-Feb 2018 vs. Jan- Feb 2019)

Cumulative electronic imports remained flat, from US$ 4.39 billion last year, to US$ 4.40 billion this year. This comprises 25.64% of total Philippine imports (see Fig. 3).

Four sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 21.75%, from US$ 182.80 million last year, to US$ 222.55 million this year. Other sectors that increased were Automotive Electronics (40.44%), Control and Instrumentation (6.69%), and Components and Semiconductor Devices (0.20%) (see Table 3).

Five sectors decreased: Office Equipment (24.99%), Medical / Industrial Instrumentation (19.48%), Telecommunication (5.93%), Electronic Data Processing (2.90%), and Communication / Radar (1.70%) (refer to
Table 3).

COUNTRIES OF ORIGIN (FEBRUARY 2019)

Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in February 2019 were the People’s Republic of China (20.49%), Republic of Korea (14.23%), Japan (13.28%), Taiwan (11.04%) and USA (10.83%).

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Table 1: Top 5 Countries Origin for Philippine Electronics Imports (Jan 2019 vs. Feb 2019)

The rest of the top ten countries of origin are Singapore (9.10%), Hong Kong (5.56%), Thailand (3.87%), Malaysia (2.82%), and Germany (1.86%).

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Fig. 4: Top Imported Products (Feb 2019)

The top imported electronics products this month were Components / Semiconductor Devices, Electronic Data Processing, Communication / Radar, Telecommunication, Consumer Electronics. Materials and Accessories imported on a consignment basis from China grew by 97.61%. However, dice of any material imported from Korea, decreased by 55.25% (see Table 3).

Table 2: PH Electronic 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” r – Revised
p– Preliminary Growth rates were computed from actual values

Table 3: PH Top Imported Electronic Products and Countries of Destination

components

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