FEBRUARY 2020 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The electronics industry reached US$ 3.19 billion, which is 59% of total exports in February 2020, or 1.84% higher than the same period in 2019.

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

Fig. 1: PH Electronics Exports (Jan 2020 vs Feb 2020)

Electronics exports decreased by 8.72%, from US$ 3.50 billion in January 2020, to US$ 3.19 billion in February 2020 (see Fig. 1).

Exports in six out of nine sectors decreased from the previous month’s figures, as shown in Table 2. Control and Instrumentation decreased by 89.98%, from US$ 50.86 million, to US$ 6.62 million this month. This was followed by Medical / Industrial Instrumentation (16.53%), Components / Semiconductor Devices (12.08%), Telecommunication (7.41%), Communication / Radar (5.30%), and Automotive Electronics (4.94%). Please see Table 2.

Exports in three out of nine sectors increased, led by Electronic Data Processing at 9.40%, from US$ 448.34 million, to US$ 490.49 million this month. This was followed by Office Equipment (4.61%), and Consumer Electronics (4.49%). Kindly refer to Table 2.

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

Electronics exports grew by 1.84%, from US$ 3.13 billion in February 2019, to US$ 3.19 billion in February 2020, as shown in Fig. 2.

Exports in five out of nine sectors increased, led by Automotive Electronics at 80.05%, from US$ 11.09 million in February 2019, to US$ 19.97 million in February 2020. This was followed by Consumer Electronics (74.57%), Office Equipment (29.82%), Medical / Industrial Instrumentation (16.37%), and Components / Semiconductor Devices (7.01%). Please see Table 2.  

Exports in four out of nine sectors decreased, led by Control and Instrumentation at 82.56%, from US$ 37.97 million to US$ 6.62 million this month. This was followed by Telecommunication (24.86%), Communication / Radar (20.36%), and Electronic Data Processing (8.69%).  Kindly refer to Table 2.

Fig. 2: PH Electronics Exports (Feb 2019 vs. Feb 2020)

C. PH Electronics Exports (Year-to-Date)

Fig. 3: PH Electronics Exports (January-February 2019 vs. January-February 2020)

Cumulative electronics exports grew by 7.66%, from US$ 6.21 billion last year to US$ 6.69 billion this year. This comprises 59.75% of total Philippine exports (see Fig. 3).

Exports in five sectors increased from last year’s YTD figures. Automotive Electronics increased at 82.39%, from US$ 22.47 million last year, to US$ 40.98 million this year. Other sectors that increased were Consumer Electronics (68.56%), Office Equipment (49.08%), Medical / Industrial Instrumentation (19.98%), and Components / Semiconductor Devices (13.73%). Please see Table 3.

Four sectors decreased, namely: Communication / Radar (22.35%), Control and Instrumentation (20.75%), Telecommunication (14.42%), and Electronic Data Processing (7.81%). Kindly refer to Table 3.

COUNTRIES OF DESTINATION (FEBRUARY 2020)

As shown in Table 1, the top five (5) countries of destination in February 2020 were Hong Kong (16.88%), the United States (15.45%), the People’s Republic of China (10.36%), Singapore (8.29%), and Japan (7.79%).

Table 1: Top 5 Destination Countries for Electronics (February 2020 vs. January 2020)

Other destinations in the top ten were Germany (5.87%), Taiwan (4.49%), Thailand (3.75%), Netherlands (3.41%), and South Korea (3.07%).

Fig. 3: Top Exported Products, February 2020

The top exported electronic products in February 2020 are shown on Figure 3. Hard disk drives bound for China increased by 104%, however semiconductor devices bound to the United States decreased by 34% (see Table 4).

Table 2: PH Electronics 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"

p– Preliminary

r – Revised

Growth rates were computed from actual values

Table 3: PH Electronics Exports Product by Sector (Year-to-date)

Table 4: PH Top Electronics Export Products and Countries of Destination

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