Electronics imports reached US$ 1.99 billion, or 19.27% lower compared from the previous year, making up 28.73% of total imports of the country in March. This is due to the material supply chain disruption during the COVID-19 Enhanced Community Quarantine (ECQ).
A. PH Electronics Imports: (Month-on-Month)
Fig. 1: PH Electronics Imports (Feb 2020 vs Mar 2020)
Electronics imports decreased by 0.63%, from US$ 2.00 billion in February 2020, to US$ 1.99 billion in March 2020 (see Fig. 1).
Four out of nine sectors decreased, as shown in Table 2. Control and Instrumentation decreased by 9.32%, from US$ 41.77 million in February 2020, to US$ 37.87 million in March 2020. This was followed by Components / Semiconductor Devices (6.48%), Electronic Data Processing (4.70%), and Medical / Industrial Instrumentation (3.56%). Please see Table 2.
Five sectors increased, namely: Telecommunication (59.96%), Consumer Electronics (54.05%), Office Equipment (53.87%), Communication / Radar (44.28%), and Automotive Electronics (13.46%). Kindly refer to Table 2.
B. PH Electronics Imports: (Year-on-Year)
Electronics imports decreased by 19.27%, from US$ 2.46 million in March 2019, to US$ 1.99 million in March 2020, as shown in Fig. 2.
Imports in eight out of nine sectors dropped, led by Consumer Electronics at 46.53%, from US$ 124.24 million last year to US$ 66.43 million this year. This was followed Control and Instrumentation (41.19%), Telecommunication (33.44%), Medical / Industrial Instrumentation (26.93%), Electronic Data Processing (23.55%), Automotive Electronics (20.67%), Components / Semiconductor Devices (14.77%), and Communication / Radar (13.36%). Please see Table 2.
Office Equipment increased by 2.80%. Kindly refer to Table 2.
Fig. 2: PH Electronics Imports (Mar 2019 vs. Mar 2020)
C. PH Electronics Imports: (Year-to-Date)
Fig. 3: PH Electronics Imports (January-March 2019 vs. January-March 2020)
Cumulative electronics imports decreased by 8.14%, from US$ 6.91 billion last year, to US$ 6.35 billion this year. This comprises 27.28% of total Philippine imports (see Fig. 3).
Imports in six sectors decreased from last year’s YTD figures. Consumer Electronics had the biggest drop at 42.22%, from US$ 347.96 million last year, to US$ 201.06 million this year. Other sectors that decreased were Control and Instrumentation (23.38%), Telecommunication (17.03%), Communication / Radar (15.89%), Automotive Electronics (12.31%), and Components / Semiconductor Devices (6.89%). Please see Table 3.
Three sectors increased, namely: Office Equipment (20.38%), Electronic Data Processing (7.22%), and Medical / Industrial Instrumentation (4.56%). Kindly refer to Table 3.
COUNTRIES OF ORIGIN (MARCH 2020)
Table 1 shows that the top five (5) countries of origin of electronics imports in March 2020 were China (20.44%), Taiwan (12.86%), Japan (12.20%), South Korea (11.80%), and USA (9.59%).
Table 1: Top 5 Countries of Origin for Electronics Imports (February 2020 vs March 2020)
The rest of the top ten countries of origin were Singapore (8.31%), Hong Kong (7.46%), Malaysia (2.87%), Thailand (2.42%), and Vietnam (2.36%).
Fig. 3: Top Imported Products (March 2020)
The top imported electronic products in March 2020 are shown on Figure 3. Material, accessories, and parts imported from China increased by 22% but the same products imported from USA decreased by 22% (see Table 4).
Table 2: PH Electronics Imports Product by Sector (Month-on-Month and Year-on-Year)
Notes for Table 3:
F.O.B. Value in Million U.S. Dollars
Electronic Eqpt and Parts – referred as “Other Electronics”
r – Revised
Growth rates were computed from actual values
Table 3: PH Electronics Imports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Import Products and Countries of Origin