The Electronics industry imports for the month of November was at US$ 2.56 billion, or 27% of the US$ 9.47 billion total of Philippine imports.
A. PH Electronic Imports: October 2018 versus November 2018 (Month-on-Month)
Fig. 1: PH Electronic Imports (Oct 2018 vs Nov 2018)
Electronic imports decreased by 5.97%, from US$ 2.72 billion in October 2018, to US$ 2.56 billion in November 2018 (see Fig. 1).
Seven out of nine sectors decreased from the previous month’s figures, as shown in Table 2. Control and Instrumentation decreased by 27.93%, from US$ 69.85 million in October 2018, to US$ 50.34 million in November 2018. This was followed by Office Equipment (25.23%), Consumer Electronics (13.13%), Medical/Industrial Instrumentation (12.95%), Electronic Data Processing (11.99%), Telecommunication (8.55%), and Components and Semiconductor Devices (6.24%) (refer to Table 2).
Two sectors increased: Communication and Radar (35.53%), and Automotive Electronics (2.71%) (see Table 2).
B. PH Electronic Imports: November 2017 versus November 2018 (Year-on-Year)
Electronic imports grew by 3.86%, from US$ 2.46 billion in November 2017, to US$ 2.55 billion in November 2018, as shown in Fig. 2.
Five out of nine sectors increased, led by Communication and Radar at 19.75%, from US$ 158.30 million last year, to US$ 189.55 million this year. This was followed by Consumer Electronics (9.59%), Electronic Data Processing (5.87%), Automotive Electronics (4.56%), and Components and Semiconductor Devices (3.55%) (see Table 2).
Four sectors decreased: Office Equipment (20.49%), Medical and Industrial Instrumentations (17.39%), Control and Instrumentation (16.58%)
Fig. 2: PH Electronic Imports (Nov 2017 vs. Nov 2018)
C. PH Electronic Imports: Jan-Nov 2017 versus Jan- Nov 2018 (Year-to-Date)
Fig. 3: PH Electronic Imports (Jan-Nov 2017 vs. Jan- Nov 2018)
Cumulative electronic imports increased by 18.12%, from US$ 22.10 billion last year, to US$ 26.11 billion this year. This comprises 25.99% of total Philippine exports (seeFig. 3).
Eight out of nine sectors increased compared with last year. Telecommunication grew by 34.14%, from US$ 1.07
billion last year, to US$ 1.44 billion this year. This was followed by Automotive Electronics (31.13%), Office Equipment (27.12%), Control and Instrumentation (27.00%), Consumer Electronics (19.89%), Components and Semiconductors Devices (18.93%), Communication/Radar (15.21%), and Electronic Data Processing (7.99%) (see Table 3).
Imports for the Medical/Industrial Instrumentation sector decreased by 9.14%.
COUNTRIES OF ORIGIN (NOVEMBER 2018)
Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in October 2018 were the
Republic of Korea (21.42%), People’s Republic of China (16.97%), Taiwan (12.09%), Japan (11.34%) and Singapore (8.43%).
Table 1: Top 5 Countries Origin for Philippine Electronics Imports (Nov 2018 vs. Oct 2018)
The rest of the top ten countries of origin are the United States of America (7.89%), Hong Kong (7.11%), Vietnam (3.28%), Malaysia (2.76%), and Thailand (2.28%).
Fig. 4: Top Imported Products (Nov 2018)
The top imported electronics products this month were Components/Devices or Semiconductors, Electronic Data Processing, Communication and Radar, Telecommunication, and Consumer Electronics. Materials imported on a consignment basis from Korea grew by 24.17%. However, machinery and mechanical appliances imported from China, decreased by 27.50% (see Table 4).
Table 2: PH Electronic Imports Product by Sector (Month-on-Month and Year-on-Year)
Notes for Table 2:
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)
Table 4: PH Top Imported Electronic Products and Countries of Destination