JUNE 2020 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports for the month of June reached US$ 2.04 billion, or 30.75% 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)

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Fig. 1: PH Electronics Imports (May 2020 vs June 2020)

Electronics imports increased by 11.52%, from US$ 1.83 billion in May 2020, to US$ 2.04 billion in June 2020 (see Fig. 1).

Eight sectors increased, as shown in Table 2. Medical / Industrial Instrumentation went up by 146.14%, from US$ 7.90 million in May 2020, to US$ 19.44 million in June 2020. This was followed by Consumer Electronics (50.78%), Office Equipment (50.67%), Communication / Radar (40.71%), Electronic Data Processing (23.75%), Automotive Electronics (13.69%), Telecommunication (9.12%), and Components / Semiconductor Devices (6.75%). Please see Table 2.

Control and Instrumentation decreased by 0.61%.


B. PH Electronics Imports: (Year-on-Year)

Electronics imports decreased by 14.63%, from US$ 2.39 billion in June 2019, to US$ 2.04 billion in June 2020, as shown in Fig. 2.

Imports in seven sectors dropped, led by Telecommunication at 56.68%, from US$ 154.80 million last year to US$ 67.06 million this year. This was followed by Consumer Electronics (52.84%), Automotive Electronics (41.17%), Control and Instrumentation (23.45%), Electronic Data Processing (15.21%), Components / Semiconductor Devices (9.16%), and Communication / Radar (0.79%). Please see Table 2.

Two sectors increased, namely: Office Equipment (6.92%) and Medical / Industrial Instrumentation (5.84%). Kindly refer to Table 2.

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Fig. 2: PH Electronics Imports (June 2019 vs. June 2020)


C. PH Electronics Imports: (Year-to-Date)

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Fig. 3: PH Electronics Imports (January-June 2019 vs. January-June 2020)

Cumulative YTD electronics imports decreased by 18.97%, from US$ 14.21 billion last year, to US$ 11.52 billion this year. This comprises 29.51% 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 59.10%, from US$ 717.30 million last year, to US$ 293.37 million this year. Other sectors that decreased were Telecommunication (44.43%), Automotive Electronics (33.58%), Control and Instrumentation (30.98%), Communication / Radar (26.23%), Medical / Industrial Instrumentation (15.70%), Electronic Data Processing (15.27%), Components / Semiconductor Devices (13.58%), and Office Equipment (11.00%). Please see Table 3.


COUNTRIES OF ORIGIN (JUNE 2020)

Table 1 shows that the top five (5) countries of origin of electronics imports in June 2020 were China (21.25%), South Korea (15.79%), Taiwan (13.61%), Japan (8.87%), and Singapore (8.07%).

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Table 1: Top 5 Countries of Origin for Electronics Imports (June 2020 vs May 2020)


The rest of the top ten countries of origin were USA (6.62%), Hong Kong (5.20%), Malaysia (2.26%), Thailand (2.23%), and Germany (1.51%).

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Fig. 4: Top Imported Products (June 2020)

The top imported electronic products in June 2020 are shown on Figure 4. Machinery and electrical equipment parts imported from Hong Kong increased by 114% but wafers imported from Taiwan decreased by 33% (see Table 4).


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

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

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Table 4: PH Top Electronics Import Products and Countries of Origin

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