The Electronics industry imports for the month of July was at US$ 2.33 billion, or 24.78% of the US$ 9.40 billion total of Philippine imports.
A. PH Electronic Imports: June 2018 versus July 2018 (Month-on-Month)
Fig. 1: PH Electronic Imports (June 2018 vs July 2018)
Electronic imports increased by 0.01%, from US$ 2.3281 billion in June 2018, to US$ 2.3283 billion in June 2018 (see Fig. 1).
Five out of nine sectors increased from the previous month’s figures as shown in Table 2. Office equipment increased by 29.32%, from US$ 15.81 million in June 2018, to US$ 20.45 million in July 2018. This was followed by Control and Instrumentation (29.25%), Medical/Industrial Instrumentation (8.52%), Electronic Data Processing (4.15%), and Component/ Devices or Semiconductors (0.83%) (refer to Table 2).
Four sectors decreased: Communication and Radar (23.67%), Automotive Electronics (14.88%), Telecommunication (11.04%), and Consumer Electronics (1.36%) (see Table 2).
B. PH Electronic Imports: July 2017 versus July 2018 (Year-on-Year)
Electronic imports grew by 43.20%, from US$ 1.63 billion in July 2017, to US$ 2.33 billion in July 2018, as shown in Fig. 2.
Seven out of nine sectors increased, led by Control and Instrumentation at 100.61%, from US$ 33.63 million last year, to US$ 67.46 million this year. This was followed by Office Equipment (98.34%), Telecommunication (84.16%), Components/Devices or Semiconductors (51.03%), Automotive Electronics (30.53%), Consumer Electronics (25.96%), and Electronic Data Processing (17.75%).
Two sectors decreased: Medical/Industrial Instrumentation (18.25%) and Communication/Radar (14.82%).
Fig. 2: PH Electronic Imports (July 2017 vs. July 2018)
C. PH Electronic Imports: Jan-July 2017 versus Jan-July 2018 (Year-to-Date)
Fig. 3: PH Electronic Imports (Jan-July 2017 vs. Jan-July 2018)
Cumulative imports increased by 20.11%, from US$ 13.16 billion in Jan-July 2017, to US$ 15.80 billion this Jan-July 2018 (refer to Fig. 3).
Eight out of nine sectors increased compared with last year. Telecommunication grew by 58.73%, from US$ 626.11 million last year, to US$ 993.84 million this year. This was followed by Office Equipment (44.63%), Automotive Electronics (37.25%), Control and Instrumentation (33.98%), Consumer Electronics (21.65%), Components/Devices or Semiconductors (20.03%), Communication/Radar (16.95%), and Electronic Data Processing (5.91%) (see Table 3).
Medical/Industrial Instrumentation decreased by 11.47%.
COUNTRIES OF ORIGIN (JULY 2018)
Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in July 2018 were the Republic of Korea (21.60%), People’s Republic of China (14.48%), Taiwan (12.51%), Japan (11.65%) and Singapore (10.24%).
Table 1: Top 5 Countries of Origin (June 2018 vs July 2018)
The United States of America (8.39%), Hong Kong (6.21%), Malaysia (3.21%), Thailand (2.88%) and Germany (2.13%) also comprise the rest of the top ten countries of origin for imports.
Fig. 4: Top Imported Products (July 2018)
The top imported electronics products this month were Components/Devices or Semiconductors, Electronic Data Processing, Telecommunication, Communication/Radar, and Consumer Electronics. Electronically circuit programmed wafers and discs (others) imported from Singapore grew by 60.97%. However, material accessories and supplies imported from the Republic of Korea decreased by 77.32% (see Table 4).
Table 2: PH Electronic Imports Product by Sector (Month-on-Month and Year-on-Year)
Notes for Table 2:
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 Electronic Imports Product by Sector (Year-to-date)
Table 4: PH Top Imported Electronic Products and Countries of Destination