The electronics industry reached US$ 3.58 billion in July 2020, or an increase of 5.99% from last month. The increase was a result of activities to stabilize operations amid the on-going COVID-19 pandemic.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (June 2020 vs July 2020)
Electronics exports increased by 5.99%, from US$ 3.38 billion in June 2020, to US$ 3.58 billion in July 2020 (see Fig. 1).
Exports in all nine sectors increased, from the previous month’s figures, as shown in Table 2. Medical / Industrial Instrumentation increased by 43.33%, from US$ 11.97 million, to US$ 17.15 million this month. This was followed by Automotive Electronics (42.79%), Telecommunication (36.81%), Communication / Radar (33.67%), Office Equipment (17.32%), Electronic Data Processing (12.65%), Consumer Electronics (9.41%), Components / Semiconductor Devices (3.12%), and Control and Instrumentation (0.78%). Please see Table 2.
B. PH Electronics Exports: (Year-on-Year)
Exports decreased by 5.64%, from US$ 3.79 billion in July 2019, to US$ 3.58 billion in July 2020, as shown in Fig. 2.
Exports in four out of nine sectors dropped, the worst being Telecommunication at 53.96%, from US$ 60.82 million in July 2019, to US$ 28.00 million in July 2020. This others were Communication / Radar (46.88%), Consumer Electronics (26.39%), and Components / Semiconductor Devices (1.84%). Please see Table 2.
Exports in five out of nine sectors increased, led by Medical / Industrial Instrumentation at 87.30%. This was followed by Control and Instrumentation (61.41%), Automotive Electronics (49.70%), Office Equipment (7.03%), and Electronic Data Processing (4.07%). Kindly refer to Table 2.
Fig. 2: PH Electronics Exports (July 2019 vs. July 2020)
C. PH Electronics Exports (Year-to-Date)
Fig. 3: PH Electronics Exports (January-July 2019 vs. January-July 2020)
Cumulative electronics exports decreased by 15.21%, from US$ 24.49 billion last year to US$ 20.76 billion this year. This comprises 60.83% of total Philippine exports (see Fig. 3).
Exports in six sectors decreased from last year’s YTD figures. Telecommunication decreased at 50.26%, from US$ 352.95 million last year, to US$ 175.54 million this year. Other sectors that decreased were Communication / Radar (49.94%), Electronic Data Processing (24.76%), Office Equipment (23.88%), Consumer Electronics (15.88%), and Components / Semiconductor Devices (8.78%). Please see Table 3.
Three sectors increased, namely: Control and Instrumentation (28.45%), Automotive Electronics (22.93%), and Medical / Industrial Instrumentation (4.38%). Kindly refer to Table 3.
COUNTRIES OF DESTINATION (JULY 2020)
As shown in Table 1, the top five (5) countries of destination in July 2020 were Hong Kong (19.01%), the United States (16.10%), the People’s Republic of China (13.90%), Singapore (8.40%), and Japan (7.01%).
Table 1: Top 5 Destination Countries for Electronics (July 2020 vs. June 2020)
Other destinations in the top ten were Germany (4.73%), Thailand (3.90%), Taiwan (3.71%), South Korea (3.37%), and Netherlands (2.73%).
Fig. 4: Top Exported Products, July 2020
The top exported electronics products in July 2020 are shown on Figure 4. Wafers and discs bound for China increased by 31%; however, the same product bound for Hong Kong decreased by 2% (see Table 4).
Table 2: PH Electronics Exports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Electronics Exports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Export Products and Countries of Destination