JANUARY 2019 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The Electronics industry remains as the country’s top exporter for the month of January, with total receipts of US$ 3.08 billion out of US$ 5.28 billion, or 52.88% of the total Philippine exports.

A. PH Electronic Exports: December 2018 versus January 2019 (Month-on-Month)

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Fig. 1: PH Electronic Exports (Dec 2018 vs Jan 2019)

Electronic exports increased by 3.28%, from US$ 2.92 billion in December 2018, to US$ 3.08 billion in January 2019 (see Fig. 1).

Seven out of nine sectors increased, led by Communication / Radar at 92.25%, from US$ 38.27 million last month, to US$ 73.58 million this month, followed by Consumer Electronics (43.16%), Medical / Industrial Instrumentation (32.56%), Automotive Electronics (17.48%), Control / Instrumentation (9.62%), Electronic Data Processing (4.74%), and Components / Semiconductor Devices (1.86%) (refer to Table 2).

Two sectors decreased, namely: Office Equipment (50.71%) and Telecommunication (5.77%) (see Table 2).

B. PH Electronic Exports: January 2018 versus January 2019 (Year-on-Year)

Electronic exports increased by 1.70%, from US$ 3.01 billion in December 2018, to US$ 3.08 billion in January 2019, as shown in Fig. 2.

Five out of nine sectors increased, led by Consumer Electronics at 94.88%, from US$ 29.04 million in January 2018, to US$ 56.60 million in January 2019. Other sectors that exhibited an increase were Communication / Radar (46.74%), Medical / Industrial Instrumentation (27.24%), Electronic Data Processing (3.82%), and Components / Semiconductor Devices (0.89%) (see Table 2).

Four sectors decreased, namely: Telecommunication (36.92%), Office Equipment (29.92%), Automotive Electronics (20.07%), and Control and Instrumentation (6.30%) (refer to Table 2).

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Fig. 2: PH Electronic Exports (Jan 2018 vs. Jan 2019)

COUNTRIES OF DESTINATION (JANUARY 2019)

As shown in Table 1, the top five (5) countries of destination in January 2019 were Hong Kong (17.82%), the United States of America (15.49%), the People’s Republic of China (12.31%), Japan (8.63%), and Singapore (8.53%).

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Table 1: Top 5 Destination Countries for Philippine Electronics (Dec 2018 vs. Jan 2019)

Other destinations in the top ten were Germany (6.62%), the Netherlands (5.27%), Taiwan (4.85%), Thailand (3.74%), and Malaysia (3.04%).

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Fig. 4: Top Exported Products, Jan 2019

The top exported electronics products for this month were Components / Semiconductor Devices, Communication / Radar, Consumer Electronics, and Telecommunication (refer to Fig. 4). Hard Disk Drives bound for Hong Kong increased by 11.28%. However, Machinery and Mechanical Appliances bound for Thailand decreased by 50.05% (see Table 3).

Table 2: PH Electronic Exports 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 Electronic Export Products and Countries of Destination

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