JANUARY 2019 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports reached US$ 2.35 billion in January 2019, making up 26% of the US$ 9.03 billion total imports of the country.

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

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

Electronic imports increased by 5.45%, from US$ 2.23 billion in December 2018, to US$ 2.35 billion in January 2019 (see Fig. 1).

Six out of nine sectors increased from the previous month’s figures, as shown in Table 2. Telecommunication increased by 28.78%, from US$ 97.89 million in December 2018, to US$ 126.06 million in January 2019. This was followed by Automotive Electronics (19.71%), Electronic Data Processing (16.63%), Control and Instrumentation (8.51%), Control / Instrumentation (7.08%), and Components and Semiconductor Devices (2.71%) (refer to Table 2).

Three sectors increased, namely: Medical / Industrial Instrumentation (11.70%), Office Equipment (5.75%), and Consumer Electronics (0.39%) (see Table 2).

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

Electronic imports grew by 4.09%, from US$ 2.26 billion in January 2018, to US$ 2.35 billion in January 2019, as shown in Fig. 2.

Seven out of nine sectors increased, led by Communication and Radar at 18.37%, from US$ 88.75 million last year to US$ 105.06 million this year. This was followed by Automotive Electronics (12.44%), Communication / Radar (6.74%), Telecommunication (6.10%), Electronic Data Processing (5.20%), Control and Instrumentation (3.63%) and Components and Semiconductor Devices (3.01%) (see Table 2).

Two sectors decreased, namely: Office Equipment (15.87%) and Medical / Industrial Instrumentation (6.03%).

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

COUNTRIES OF ORIGIN (JANUARY 2019)

Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in January 2019 were the Republic of Korea (17.49%), People’s Republic of China (17.47%), Taiwan (11.93%), Japan (10.51%), and USA (9.88%).

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

The rest of the top ten countries of origin are Singapore (8.80%), Hong Kong (8.42%), Malaysia (3.56%), Thailand (3.09%) and Vietnam (2.02%).

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Fig. 4: Top Imported Products (Jan 2019)

The top imported electronics products this month were Components / Semiconductor Devices, Electronic Data Processing, Telecommunication, Consumer Electronics, and Communication / Radar. Machinery and mechanical appliances from Hong Kong grew by 56.36%. However, materials on a consignment basis imported from China, decreased by 58.50% (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 Imported Electronic Products and Countries of Destination

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