JUNE 2019 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports reached US$ 2.39 billion in June, making up 28.14% of the US$ 8.48 billion total imports of the country.

A. PH Electronic Imports: May 2019 versus June 2019 (Month-on-Month)

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Fig. 1: PH Electronic Imports (May 2019 vs June 2019)

Electronic imports decreased by 4.03%, from US$ 2.49 billion in May, to US$ 2.39 billion in June (see Fig. 1).

Seven out of nine sectors decreased from the previous month’s figures, as shown in Table 2. Consumer Electronics decreased by 25.75%, from US$ 125.69 million in May 2019, to US$ 93.32 million in June 2019. This was followed by Office Equipment (21.89%), Communication / Radar (21.73%), Control and Instrumentation (12.53%), Electronic Data Processing (8.68%), Automotive Electronics (4.76%) and Components / Semiconductor Devices (0.57%) (refer to Table 2).

Two out of nine sectors increased, namely: Medical / Industrial Instrumentation (18.14%) and Telecommunication (4.31%) (see Table 2).

B. PH Electronic Imports: June 2018 versus June 2019 (Year-on-Year)

Electronic imports slightly increased by 1.83 %, from US$ 2.34 billion in June 2018, to US$ 2.39 billion in June 2019, as shown in Fig. 2.

Three out of nine sectors increased, led by Medical / Industrial Instrumentation at 32.17%, from US$ 13.63 million last year to US$ 18.01 million this year. This was followed by Electronic Data Processing (20.17%) and Components / Semiconductor Devices (1.24%) (see Table 2).

Six sectors decreased, namely: Communication / Radar (13.14%), Telecommunication (8.65%), Consumer Electronics (5.34%), Office Equipment (4.25%), Automotive Electronics (3.84%), and Control and Instrumentation (3.36%).

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Fig. 2: PH Electronic Imports (June 2018 vs. June 2019)

C. PH Electronic Imports: Jan-June 2018 versus Jan-June 2019 (Year-to- Date)

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Fig. 3: PH Electronic Imports (January- June 2018 vs. January- June 2019)

Cumulative electronic imports increased by 2.45%, from US$ 13.72 billion last year, to US$ 14.05 billion this year. This comprises 26.45% of total Philippine imports (see Fig. 3).

Five sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 32.57%, from US$ 534.65 million last year, to US$ 708.78 million this year. Other sectors that increased Automotive Electronics (11.78%), Electronic Data Processing (10.71%), Control and Instrumentation (7.14%) and Communication / Radar (0.14%) (see Table 3).

Four sectors decreased: Office Equipment (16.03%), Medical / Industrial Instrumentation (3.52%), Telecommunication (1.90%), and Components / Semiconductor Devices (0.01%) (refer to Table 3).

COUNTRIES OF ORIGIN (JUNE 2019)

Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in June 2019 were the People’s Republic of China (19.88%), Republic of Korea (13.37%), Japan (12.13%), Taiwan (10.10%), and Singapore (9.86%).

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Table 1: Top 5 Countries of Origin for Philippine Electronics Imports (May 2019 vs. June 2019)

The rest of the top ten countries of origin are USA (9.49%), Hong Kong (9.22%), Thailand (3.27%), Malaysia (3.08&) and Vietnam (2.46%).

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Fig. 4: Top Imported Products (June 2019)

The top imported electronics products this month were Components / Semiconductor Devices, Electronic Data Processing, Telecommunication, Consumer Electronics, Communication / Radar.  Machinery and Electrical parts grew by 44%. Dice from the United States increased by 57% but materials imported on a consignment basis from China decreased by 30% (see Table 4).

Table 2: PH Electronic Imports Product by Sector (Month-on-Month and Year-on-Year)

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Notes for Table 3:

F.O.B. Value in Million U.S. Dollars

Electronic Eqpt and Parts – referred as “Other Electronics”

p– Preliminary

r – Revised

Growth rates were computed from actual values

Table 3: PH Electronic Imports Product by Sector (Year-to-date)

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Table 4: PH Top Electronic Imports Products and Countries of Destination

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