The Electronics industry imports for the month of June was at US$ 2.29 billion, or 25.26% of the US$ 9.05 billion total of Philippine imports.
A. PH Electronic Imports: May 2018 versus June 2018 (Month-on-Month)
Fig. 1: PH Electronic Imports (May 2018 vs June 2018)
Electronic imports went down by 3.55%, from US$ 2.37 billion in May 2018, to US$ 2.29 billion in June 2018 (see Fig. 1).
Five out of nine sectors decreased from the previous month’s figures as shown in Table 2. Office equipment declined by 45.21%, from US$ 26.60 million in May 2018, to US$ 14.57 million in June 2018. This was followed by Communication/Radar (21.53%), Electronic Data Processing (5.53%), Components/Devices or Semiconductors (2.56%), and Control and Instrumentation (1.40%).
Four sectors increased: Consumer Electronics (13.77%), Automotive Electronics (4.66%), Medical/industrial Instrumentation (3.32%), and Telecommunication (1.44%) (see Table 2).
B. PH Electronic Imports: June 2017 versus June 2018 (Year-on-Year)
Electronic imports grew by 35.14%, from US$ 1.69 billion in June 2017, to US$ 2.29 billion in June 2018, as shown in Fig. 2.
Eight out of nine sectors increased, led by Automotive Electronics at 84.64%, from US$ 1.96 million last year, to US$ 3.62 million this year. This was followed by Telecommunication (78.19%), Components/Devices or Semiconductors (37.74%), Office Equipment (35.59%), Consumer Electronics (34.21%), Control and Instrumentation (30.64%), Electronic Data Processing (19.23%), and Communication/Radar (17.36%).
Only Medical/Industrial Instrumentation decreased in imports (28.29%) from US$ 19.50 million in June 2017, to US$ 13.99 million in June 2018.
Fig. 2: PH Electronic Imports (June 2017 vs. June 2018)
C. PH Electronic Imports: Jan-June 2017 versus Jan-June 2018 (Year-to-Date)
Fig. 3: PH Electronic Imports (Jan-June 2017 vs. Jan-June 2018)
Cumulative imports increased by 16.49%, from US$ 11.53 billion in Jan-June 2017, to US$ 13.43 billion this Jan-June 2018 (refer to Fig. 3).
Eight out of nine sectors increased compared with last year. Telecommunication grew by 54.43%, from US$ 546.54 million last year, to US$ 844.03 million this year. This was followed by Office Equipment (36.03%), Automotive Electronics (34.30%), Control and Instrumentation (24.78%), Communication/Radar (22.23%), Consumer Electronics (21.39%), Components/Devices or Semiconductors (15.24%) and Electronic Data Processing (4.98%) (see Table 3).
Medical/Industrial Instrumentation decreased by 9.63%.
COUNTRIES OF ORIGIN (JUNE 2018)
Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in June 2018 were the Republic of Korea (20.02%), People’s Republic of China (15.65%), Taiwan (13.62%), Japan (11.33%) and Singapore (9.14%).
Table 1: Top 5 Countries of Origin (May 2018 vs June 2018)
The United States of America (8.27%), Hong Kong (7.00%), Thailand (2.91%), Malaysia (2.61%) and Vietnam (2.46%) also comprise the rest of the top ten countries of origin for imports.
Fig. 4: Top Imported Products (June 2018)
The top imported electronics products this month were Components/Devices or Semiconductors, Electronic Data Processing, Telecommunication, Communication/Radar, and Consumer Electronics. Parts of cellular phones imported from China grew by 8.98%. However, electrically circuit-programmed wafers and discs imported from the United States of America decreased by 62.89% (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