Electronics imports reached US$ 2.46 billion in July, making up 25.66% of the US$ 9.57 billion total imports of the country.
A. PH Electronic Imports: June 2019 versus July 2019 (Month-on-Month)
Fig. 1: PH Electronic Imports (June 2019 vs July 2019)
Electronic imports increased by 3.35%, from US$ 2.38 billion in June, to US$ 2.46 billion in July (see Fig. 1).
Six out of nine sectors increased from the previous month’s figures, as shown in Table 2. Consumer Electronics increased by 36.74%, from US$ 93.30 million in June 2019, to US$ 127.58 million in July 2019. This was followed by Automotive Electronics (28.09%), Electronic Data Processing (15.10%), Office Equipment (12.31%), Components / Semiconductor Devices (0.53%), and Communication / Radar (0.44%) (refer to Table 2).
Three out of nine sectors decreased, namely: Control and Instrumentation (11.41%), Medical / Industrial Instrumentation (10.25%), and Telecommunication (5.05%) (see Table 2).
B. PH Electronic Imports: July 2018 versus July 2019 (Year-on-Year)
Electronic imports slightly increased by 1.16%, from US$ 2.43 billion in July 2018, to US$ 2.46 billion in July 2019, as shown in Fig. 2.
Five out of nine sectors increased, led by Automotive Electronics at 43.67%, from US$ 3.61 million last year to US$ 5.19 million this year. This was followed by Electronic Data Processing (34.7%), Consumer Electronics (29.18%), Medical / Industrial Instrumentation (18.91%) and Communication / Radar (15.96%) (see Table 2).
Four sectors decreased, namely: Office Equipment (26.27%), Control and Instrumentation (19.10%), Components / Semiconductor Devices (5.64%), and Telecommunication (0.67%).
Fig. 2: PH Electronic Imports (July 2018 vs. July 2019)
B. PH Electronic Imports: Jan-July 2018 versus Jan-July 2019 (Year-to– Date)
Fig. 3: PH Electronic Imports (January-July 2018 vs. January-July 2019)
Cumulative electronic imports increased by 2.20%, from US$ 16.14 billion last year, to US$ 16.50 billion this year. This comprises 26.32% of total Philippine imports (see Fig. 3).
Five sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 32.04%, from US$ 633.41 million last year, to US$ 836.33 million this year. Other sectors that increased Automotive Electronics (16.28%), Electronic Data Processing (14.23%), Control and Instrumentation (3.03%) and Communication / Radar (1.83%) (see Table 3).
Four sectors decreased: Office Equipment (17.70%), Telecommunication (1.71%), Components / Semiconductor Devices (0.96%) and Medical / Industrial Instrumentation (0.64%) (refer to Table 3).
COUNTRIES OF ORIGIN (JULY 2019)
Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in July 2019 were the People’s Republic of China (18.63%), Republic of Korea (13.09%), Singapore (12.45%), Japan (11.60%), and Taiwan (10.67%).
Table 1: Top 5 Countries of Origin for Philippine Electronics Imports (June 2019 vs. July 2019)
The rest of the top ten countries of origin are the United States (9.49%), Hong Kong (9.22%), Thailand (3.27%), Malaysia (3.08&) and Vietnam (2.46%).
Fig. 4: Top Imported Products (July 2019)
The top imported electronics products this month were Components / Semiconductor Devices, Electronic Data Processing, Telecommunication, Consumer Electronics, Communication / Radar. Dice grew by 35%. Dice from the United States increased by 57% but Materials imported on a consignment basis from China decreased by 24% (see Table 4).
Table 2: PH Electronic Imports 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”
r – Revised
Growth rates were computed from actual values
Table 3: PH Electronic Imports Product by Sector (Year-to-date)
Table 4: PH Top Electronic Imports Products and Countries of Destination