MARCH 2019 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The electronics industry reached US$ 2.64 billion, which is 58% of total exports in March 2020, or 24.93% lower than the same period in 2019. This significant drop is a result of the skeletal workforce constraint imposed during the COVID-19 Enhanced Community Quarantine (ECQ).

A. PH Electronics Exports: (Month-on-Month)

 

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Fig. 1: PH Electronics Exports (Feb 2020 vs Mar 2020)

Electronics exports decreased by 17.13%, from US$ 3.19 billion in February 2020, to US$ 2.64 billion in March 2020 (see Fig. 1).

Exports in eight out of nine sectors dropped, from the previous month’s figures, as shown in Table 2. Office Equipment decreased by 38.65%, from US$ 51.39 million, to US$ 31.52 million this month. This was followed by Consumer Electronics (29.19%), Electronic Data Processing (23.44%), Medical / Industrial Instrumentation (21.52%), Communication / Radar (20.62%), Automotive Electronics (18.02%), Components / Semiconductor Devices (16.86%) and Telecommunication (1.13%). Please see Table 2.

Exports in Control and Instrumentation increased by 756.91%, from US$ 6.91 million to US$59.22 million this year. Kindly refer to Table 2.


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

Electronics decreased by 24.93%, from US$ 3.52 billion in March 2019, to US$ 2.64 billion in March 2020, as shown in Fig. 2.

Exports in six out of nine sectors dropped, led by Communication / Radar at 53.08%, from US$ 91.04 million in March 2019, to US$ 42.72 million in March 2020. This was followed by Telecommunication (44.59%), Electronic Data Processing (32.46%), Office Equipment (23.42%), Components / Semiconductor Devices (22.70%) and Medical / Industrial Instrumentation (18.25%). Please see Table 2.

Exports in three out of nine sectors increased, led by Automotive Electronics at 69.27%, from US$ 9.68 million to US$ 16.39 million this month. This was followed by Control and Instrumentation (65.16%), and Consumer Electronics (3.11%).  Kindly refer to Table 2.

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Fig. 2: PH Electronics Exports (Mar 2019 vs. Mar 2020)


C. PH Electronics Exports (Year-to-Date)

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Fig. 3: PH Electronics Exports (January-March 2019 vs. January-March 2020)

Cumulative electronics exports decreased by 4.15%, from US$ 9.73 billion last year to US$ 9.33 billion this year. This comprises 59.32% of total Philippine exports (see Fig. 3).

Exports in three sectors decreased from last year’s YTD figures. Communication / Radar decreased at 33.98%, from US$ 230.38 million last year, to US$ 152.11 million this year. Other sectors that decreased were Telecommunication (30.22%) and Electronic Data Processing (15.99%). Please see Table 3.

Six sectors increased, namely: Automotive Electronics (78.53%), Consumer Electronics (40.91%), Office Equipment (20.91%), Control and Instrumentation (7.94), Medical / Industrial Instrumentation (7.52%), and Components / Semiconductor Devices (0.48%). Kindly refer to Table 3.


COUNTRIES OF DESTINATION (MARCH 2020)

As shown in Table 1, the top five (5) countries of destination in March 2020 were Hong Kong (20.47%), the United States (12.04%), the People’s Republic of China (11.07%), Singapore (9.18%), and Japan (7.78%).

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Table 1: Top 5 Destination Countries for Electronics (March 2020 vs. February 2020)

Other destinations in the top ten were Germany (5.07%), Taiwan (4.60%), Thailand (4.41%), Netherlands (2.96%), and Malaysia (2.76%).

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Fig. 3: Top Exported Products, March 2020

The top exported electronic products in March 2020 are shown on Figure 3. Semiconductor devices bound for the U.S decreased by 43% (see Table 4).


Table 2: PH Electronics Exports 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 Electronics Exports Product by Sector (Year-to-date)

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Table 4: PH Top Electronics Export Products and Countries of Destination

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