The electronics industry reached US$ 2.39 billion in May 2020, an increase of 45.72% from last month. The significant increase was a result of the ramp-up of operations amid the on-going COVID-19 pandemic.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (Apr 2020 vs May 2020)
Electronics exports increase by 45.72%, from US$ 1.64 billion in April 2020, to US$ 2.39 billion in May 2020 (see Fig. 1).
Exports in all nine sectors increased, from the previous month’s figures, as shown in Table 2. Consumer Electronics increased by 221.90%, from US$ 8.13 million, to US$ 26.17 million this month. This was followed by Electronic Data Processing (94.65%), Medical / Industrial Instrumentation (67.22%), Automotive Electronics (58.40%), Telecommunication (39.76%), Components / Semiconductor Devices (38.00%), Control and Instrumentation (18.45%), Office Equipment (9.70%), and Communication / Radar (8.92%). Please see Table 2.
B. PH Electronics Exports: (Year-on-Year)
Exports decreased by 35.92%, from US$ 3.73 billion in May 2019, to US$ 2.39 billion in May 2020, as shown in Fig. 2.
Exports in eight out of nine sectors dropped, led by Office Equipment at 76.59%, from US$ 71.17 million in May 2019, to US$ 16.66 million in May 2020. This was followed by Communication / Radar (70.11%), Consumer Electronics (65.44%), Telecommunication (62.64%), Medical / Industrial Instrumentation (61.19%), Electronic Data Processing (45.98%), Automotive Electronics, and Components / Semiconductor Devices (27.17%). Please see Table 2.
Control and Instrumentation increased by 29.15%. Kindly refer to Table 2.
Fig. 2: PH Electronics Exports (May 2019 vs. May 2020)
C. PH Electronics Exports (Year-to-Date)
Fig. 3: PH Electronics Exports (January-May 2019 vs. January-May 2020)
Cumulative electronics exports decreased by 20.75%, from US$ 16.86 billion last year to US$ 13.36 billion this year. This comprises 59.25% of total Philippine exports (see Fig. 3).
Exports in seven sectors decreased from last year’s YTD figures. Communication / Radar decreased at 48.06%, from US$ 389.95 million last year, to US$ 202.55 million this year. Other sectors that decreased were Telecommunication (47.78%), Electronic Data Processing (33.30%), Office Equipment (30.26%), Medical / Industrial Instrumentation (16.20%), Components / Semiconductor Devices (14.34%), and Consumer Electronics (9.41%). Please see Table 3.
COUNTRIES OF DESTINATION (MAY 2020)
As shown in Table 1, the top five (5) countries of destination in May 2020 were Hong Kong (23.94%), the United States (12.14%), the People’s Republic of China (10.95%), Singapore (10.53%), and Japan (8.84%).
Table 1: Top 5 Destination Countries for Electronics (May 2020 vs. April 2020)
Other destinations in the top ten were Thailand (5.31%), Taiwan (4.52%), Germany (3.82%), South Korea (2.79%), and Malaysia (2.70%).
Fig. 4: Top Exported Products, May 2020
The top exported electronics products in May 2020 are shown on Figure 4. Hard disk drives bound for the U.S increased by 158%, however, semiconductor devices bound for the same country decreased by 22% (see Table 4).
Table 2: PH Electronics Exports 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 Exports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Export Products and Countries of Destination