MAY 2019 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

Amidst global semiconductor market decline, the electronics industry remains as the country’s top exporter for the month of May, with total receipts of US$ 3.74 billion out of US$ 6.15 billion, or 61% of total Philippine exports.

 

A. PH Electronic Exports: April 2019 versus May 2019 (Month-on-Month)

FIG 1_X_MOM_MAY

Fig. 1: PH Electronic Exports (April 2019 vs May 2019)

Electronic exports increased by 9.60%, from US$ 3.41 billion in April, to US$ 3.74 billion in May 2019 (see Fig. 1).

Eight out of nine sectors increased, led by Consumer Electronics at 67.53%, from US$ 52.11 million last month, to US$ 87.29 million this month. This was followed by Office Equipment (32.36%), Automotive Electronics (20.32%), Medical / Industrial Instrumentation (18.58%), Communication / Radar (18.40%), Components / Semiconductor Devices (10.13%), Control and Instrumentation (7.04%), and Electronic Data Processing (5.54%) (refer to Table 2).

Only Telecommunication decreased at 5.70% (see Table 2).

B. PH Electronic Exports: May 2018 versus May 2019 (Year-on-Year)

Electronic exports increased by 6.61%, from US$ 3.50 billion in May 2018 to US$ 3.74 billion in May 2019, as shown in Fig. 2.

Eight out of nine sectors increased, led by Automotive Electronics at 46.80%, from US$ 11.03 million in May 2018, to US$ 16.19 million in May 2019. Other sectors that increased were Communication / Radar (33.59%), Office Equipment (30.57%), Consumer Electronics (29.82%), Telecommunication (20.67%), Control and Instrumentation (6.74%), Components / Semiconductor Devices (4.51%), and Electronic Data Processing (3.55%) (see Table 2).

Only Medical / Industrial Instrumentation decreased at 37.56% (refer to Table 2).

FIG 2_X_YOY_MAY

Fig. 2: PH Electronic Exports (May 2018 vs. May 2019)

C. PH Electronic Exports: Jan-May 2018 versus Jan-May 2019 (Year-to- Date)

FIG 3_X_YTD_MAY

Fig. 3: PH Electronic Exports (January-May 2018 vs. January- May 2019)

Cumulative electronic exports remained relatively flat, from US$ 16.78 billion last year to US$ 16.84 billion this year. This comprises59.92% of total Philippine exports, year-to-date (see Fig. 3).
Four sectors decreased from last year’s YTD figures. Medical / Industrial Instrumentation decreased at 23.23%, from US$ 27.41 million last year to US$ 21.04 million this year. Other sectors that decreased were Control and Instrumentation (12.74%), Components / Semiconductor Devices (1.90%), and Telecommunication (0.95%) (see Table 3).
Five sectors increased, namely: Communication / Radar (39.02%), Office Equipment (29.41%), Consumer Electronics (20.13%), Automotive Electronics (12.83%), and Electronic Data Processing (1.32%) (refer to Table 3).

COUNTRIES OF DESTINATION MAY 2019

As shown in Table 1, the top five (5) countries of destination in May 2019 were the United States of America (18.34%), Hong Kong (18.09%), People’s Republic of China (14.36%), Singapore (7.59%), and Japan (7.49%).

TAB 4_X_TOP COUNTRIES_MAY

Table 1: Top 5 Destination Countries for Philippine Electronics (April 2019 vs. May 2019)

Other destinations in the top ten were Germany (5.93%), Taiwan (4.76%), Thailand (4.01%), the Netherlands (3.26%), and Korea (2.86%).

FIG 4_X_TOP EXPORTED PRODCUTS_MAY

Fig. 4: Top Exported Products, May 2019

The top exported electronics products for this month were Components / Semiconductor Devices, Electronic Data Processing, Communication / Radar, Office Equipment, and Consumer Electronics (refer to Fig. 4). Cellular Phones bound for China decreased by 6.67%% (see Table 4).

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

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

TAB 3_X_YTD_MAY

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

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