Electronics imports for the month of July reached US$ 2.38 billion, or 31.76% of total Philippine imports. While higher than last month’s numbers, it is lower than last year’s. This is still due to the material supply chain disruption during the COVID-19 pandemic.
A. PH Electronics Imports: (Month-on-Month)
Fig. 1: PH Electronics Imports (June 2020 vs July 2020)
Electronics imports increased by 16.43%, from US$ 2.04 billion in June 2020, to US$ 2.38 billion in July 2020 (see Fig. 1).
Eight sectors increased, as shown in Table 2. Automotive Electronics went up by 112.33%, from US$ 2.49 million in June 2020, to US$ 5.29 million in July 2020. This was followed by Consumer Electronics (68.27%), Telecommunication (50.97%), Control and Instrumentation (38.22%), Office Equipment (26.22%), Electronic Data Processing (16.71%), Components / Semiconductor Devices (13.45%), and Communication / Radar (11.70%). Please see Table 2.
Medical / Industrial Instrumentation decreased by 39.49%.
B. PH Electronics Imports: (Year-on-Year)
Electronics imports decreased by 4.90%, from US$ 2.50 billion in July 2019, to US$ 2.38 billion in July 2020, as shown in Fig. 2.
Imports in five sectors dropped, led by Consumer Electronics at 42.22%, from US$ 130.10 million last year to US$ 75.18 million this year. This was followed by Telecommunication (32.62%), Medical / Industrial Instrumentation (29.47%), Electronic Data Processing (16.64%), and Automotive Electronics (6.52%). Please see Table 2.
Imports in in four out of nine sectors increased, namely: Control and Instrumentation (20.59%), Office Equipment (15.17%), Communication / Radar (11.45%), and Components / Semiconductor Devices (1.73%). Kindly refer to Table 2.
Fig. 2: PH Electronics Imports (July 2019 vs. July 2020)
C. PH Electronics Imports: (Year-to-Date)
Fig. 3: PH Electronics Imports (January-July 2019 vs. January-July 2020)
Cumulative YTD electronics imports decreased by 16.87%, from US$ 16.71 billion last year, to US$ 13.89 billion this year. This comprises 29.79% of total Philippine imports (see Fig. 3).
Imports in all nine sectors decreased from last year’s YTD figures. Consumer Electronics had the biggest drop at 56.51%, from US$ 847.39 million last year, to US$ 368.55 million this year. Other sectors that decreased were Telecommunication (42.65%), Automotive Electronics (26.68%), Communication / Radar (21.65%), Medical / Industrial Instrumentation (17.86%), Components / Semiconductor Devices (11.34%), and Office Equipment (7.01%). Please see Table 3.
COUNTRIES OF ORIGIN (JULY 2020)
Table 1 shows that the top five (5) countries of origin of electronics imports in July 2020 were China (23.54%), South Korea (12.48%), Taiwan (12.46%), Japan (11.42%), and Singapore (8.80%).
The rest of the top ten countries of origin were Hong Kong (8.38%), USA (8.23%), Malaysia (3.81%), Thailand (2.66%), and Germany (2.03%).
Fig. 4: Top Imported Products (July 2020)
The top imported electronic products in July 2020 are shown on Figure 4. Machinery and electrical equipment parts imported from Japan increased by 50% but materials imported from South Korea decreased by 22% (see Table 4).
Table 2: PH Electronics Imports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Electronics Imports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Import Products and Countries of Origin