JULY 2018 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The Electronics industry remains as the country’s top exporter for the month of July, with total receipts of US$ 3.28 billion out of US$ 5.86 billion, or 56% of the total Philippine exports.

A. PH Electronic Exports: June 2018 versus July 2018 (Month-on-Month)

Figure 1

 

Fig. 1: PH Electronic Exports (June 2018 vs July 2018)

Electronic exports decreased by 2.76%, from US$ 3.37 billion in June 2018, to US$ 3.28 billion in July 2018 (see Fig. 1).

Five out of nine sectors decreased, led by Automotive Electronics at 44.67%, from US$ 11.36 million last month, to US$ 6.29 million this month, followed by Office Equipment at 12.44%. The rest are Medical/ Industrial Instrumentation (11.73%), Components/Devices or Semiconductors (3.48%), and Electronic Data Processing (1.97%) (refer to Table 2).

Four sectors increased: Control and Instrumentation (23.26%), Telecommunication (11.29%), Consumer Electronics (2.27%), and Communication/Radar (0.40%) (see Table 2).

B. PH Electronic Exports: July 2017 versus July 2018 (Year-on-Year)

Electronic exports increased by 5.21%, from US$ 3.11 billion in July 2017, to US$ 3.28 billion in July 2018, as shown in Fig. 2.

 

Five out of nine sectors grew, led by Consumer Electronics at 217.36%, from US$ 21.54 million in July 2017, to US$ 68.36 million this July 2018. Other sectors that exhibited increases were Office Equipment (52.56%), Control and Instrumentation (23.41%), Electronic Data Processing (7.80%), and Components/Devices or Semiconductors (1.49%) (see Table 2).

Four sectors declined: Medical/Industrial Instrumentation (7.89%), Automotive Electronics (6.51%), Telecommunication (4.30%), and Communication and Radar (1.85%) (refer to Table 2).

Figure 2

Fig. 2: PH Electronic Exports (Jul 2017 vs. Jul 2018)

C. PH Electronic Exports: Jan-Jul 2017 versus Jan-Jul 2018 (Year-to-Date)

Figure 3

Fig. 3: PH Electronic Exports (Jan-Jul 2017 vs. Jan-Jul 2018)

Cumulative electronic exports increased by 5.38%, from US$ 20.51 billion last year, to US$ 21.61 billion this year. This comprises 55.78% of total Philippine exports (see Fig. 3).

Six sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 82.64%, from US$ 183.62 million last year, to US$ 335.36 million this year. Other sectors that increased were Office Equipment (51.75%), Control and Instrumentation (14.44%), Automotive Electronics (6.70%), Electronic Data Processing (6.35%), and Components/Devices or Semiconductors (3.49%) (see Table 3).

Three sectors decreased: Communication/Radar (13.39%), Medical/Industrial Instrumentation (8.08%), and Telecommunication (0.08%) (refer to Table 3).

COUNTRIES OF DESTINATION (JULY 2018)

As shown in Table 1, the top five (5) countries of destination in July 2018 were Hong Kong (21.85%), the United States of America (14.11%), the People’s Republic of China (13.74%), Singapore (9.01%), and Japan (6.94%).

Table 1

 

Table 1: Top 5 Destination Countries for Philippine Electronics (July 2018 vs. June 2018)

Other destinations in the top ten were Germany (5.87%), Taiwan (5.05%), Netherlands (3.99%), Thailand (3.98%), and Malaysia (3.13%).

Figure 4

 

Fig. 4: Top Exported Products, July 2018

The top exported electronics products for this month were Components/Devices or Semiconductors, Electronic Data Processing, Communication/Radar, Telecommunication, and Office Equipment (refer to Fig. 4). Hard disk drives bound for China increased by 26.65%. However, semiconductor devices bound for the same country decreased by 7.36% (see Table 4).

Table 2: PH Electronic Exports Product by Sector (Month-on-Month and Year-on-Year)

Table 2

Notes for Table 2:

F.O.B. Value in Million U.S. Dollars

Electronic Eqpt and Parts – referred as “Other Electronics”

r – Revised

Growth rates were computed from actual  values

Table 3: PH Electronic Exports Product by Sector (Year-to-Date)

Table 3

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

Table 4

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