MAY 2019 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports reached US$ 2.46 billion in May, making up 26.11% of the US$ 9.43 billion total imports of the country.

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

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

Electronic imports increased by 4.37%, from US$ 2.36 billion in April, to US$ 2.46 billion in May (see Fig. 1).

Six out of nine sectors increased from the previous month’s figures, as shown in Table 2. Office Equipment increased by 19.03%, from US$ 13.19 million in April 2019, to US$ 15.70 million in May 2019. This was followed by Electronic Data Processing (16.17%), Medical / Industrial Instrumentation (14.11%), Automotive Electronics (12.13%), Control / Instrumentation (7.30%), and Components / Semiconductor Devices (6.33%) (refer to Table 2).

Three out of nine sectors decreased, namely: Consumer Electronics (13.12%), Communication / Radar (13.08%), and Telecommunication (8.20%) (see Table 2).

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

Electronic imports increased by 1.96%, from US$ 2.42 billion in May 2018, to US$ 2.46 billion in May 2019, as shown in Fig. 2.

Six out of nine sectors increased, led by Consumer Electronics at 43.55%, from US$ 87.52 million last year to US$ 125.64 million this year. This was followed by Automotive Electronics (22.88%), Medical / Industrial Instrumentation (12.37%), Control and Instrumentation (12.36%), Electronic Data Processing (7.89%), and Components / Semiconductor Devices (0.43%) (see Table 2).

Three sectors decreased, namely: Office Equipment (19.36%), Communication / Radar (12.26%), and Telecommunication (6.74%).

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

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

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

Cumulative electronic imports increased by 2.37%, from US$ 11.37 billion last year, to US$ 11.64 billion this year. This comprises 26.09% of total Philippine imports (see Fig. 3).

Five sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 41.13%, from US$ 436.06 million last year, to US$ 615.41 million this year. Other sectors that increased Automotive Electronics (15.50%), Control and Instrumentation (9.11%), Electronic Data Processing (7.03%) and Communication / Radar (2.64%) (see Table 3).

Four sectors decreased: Office Equipment (17.88%), Medical / Industrial Instrumentation (9.81%), Components / Semiconductor Devices (0.25%), and Telecommunication (0.23%) (refer to Table 3).

COUNTRIES OF ORIGIN (MAY 2019)

Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in May 2019 were the People’s Republic of China (20.76%), Republic of Korea (7.89%), Taiwan (10.61%), Japan (10.53%), and Hong Kong (10.07%).

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

The rest of the top ten countries of origin are Singapore (9.88%), USA (9.53%), Malaysia (3.28%), Thailand (3.19%), and Vietnam (2.72%).

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Fig. 4: Top Imported Products (May 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%. However, dice of any material from the Korea, decreased by 8% (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”                                 r – Revised

p– Preliminary                                         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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