NOVEMBER 2019 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The electronics industry remains resilient with US$ 39.57 billion in exports (Year-to-Date, from January to November 2019), or 2.40% higher than the same period in 2018.

A. PH Electronics Exports: (Month-on-Month)

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Fig. 1: PH Electronics Exports (Oct 2019 vs Nov 2019)

Electronics exports decreased by 8.84%, from US$ 3.84 billion in October, to US$ 3.50 billion in November 2019 (see Fig. 1).

Exports in eight out of nine sectors dropped from the previous month’s figures, as shown in Table 2. Consumer Electronics decreased by 25.45%, from US$ 103.87 million, to US$ 77.43 million this month. This was followed by Office Equipment (22.49%), Automotive Electronics (15.64%), Control and Instrumentation (9.76%), Communication / Radar (9.74%), Components / Semiconductor Devices (6.95%), Electronic Data Processing (5.47%), and Telecommunication (0.89%). Please see Table 2.

Exports in Medical and Industrial Instrumentation increased by 49.63%, from US$ 7.23 million, to US$ 10.83 million this month. Kindly refer to Table 2.

 

B. PH Electronics Exports: (Year-on-Year)

Electronics exports remained flat, from US$ 3.52 billion in November 2018, to US$ 3.50 billion in November 2019, as shown in Fig. 2.

Exports in two out of nine sectors dropped, led by Control and Instrumentation at 88.38%, from US$ 71.69 million in November 2018, to US$ 8.33 million in November 2019. Electronic Data Processing also decreased by 0.80%. Please see Table 2.

Seven out of nine sectors grew, led by Medical / Industrial Instrumentation at 77.97%, from US$ 6.08 million, to US$ 10.83 million this month. This was followed by Telecommunication (38.83%), Consumer Electronics (37.58%), Office Equipment (29.46%), Automotive Electronics (26.04%), Communication / Radar (9.71%), and Electronic Data Processing (2.17%). Kindly refer to Table 2.

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Fig. 2: PH Electronics Exports (Nov 2018 vs. Nov 2019)

 

C. PH Electronics Exports: (Year-to- Date)

3Fig. 3: PH Electronics Exports (January-November 2018 vs. January-November 2019)

Cumulative electronics exports grew by 2.40%, from US$ 38.64 billion last year to US$ 39.57 billion this year. This comprises 61.28% of total Philippine exports (see Fig. 3).

Exports in seven sectors increased from last year’s YTD figures. Office Equipment increased at 32.22%, from US$ 506.67 million last year, to US$ 669.91 million this year. Other sectors that increased were Communication / Radar (30.53%), Consumer Electronics (26.10%), Telecommunication (13.58%), Automotive Electronics (8.48%), Components / Semiconductor Devices (1.86%), and Electronic Data Processing (0.05%). Please see Table 3.

Two sectors decreased, namely: and Control and Instrumentation (24.29%) and Medical / Industrial Instrumentation (10.57%). Kindly refer to Table 3.

 

COUNTRIES OF DESTINATION (NOVEMBER 2019)

As shown in Table 1, the top five (5) countries of destination in November 2019 were Hong Kong (20.05%), the United States (14.23%), the People’s Republic of China (12.60%), Singapore (7.90%), and Japan (7.82%).

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Table 1: Top 5 Destination Countries for Electronics (October 2019 vs. November 2019)

Other destinations in the top ten were Germany (5.22%), Korea (4.57%), Thailand (3.60%), Taiwan (3.51%), and the Netherlands (2.74%).

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Fig. 4: Top Exported Products, November 2019

The top exported electronic products in November 2019 are shown on Figure 4. Wafers bound for Singapore increased by 21% but semiconductor devices bound for Singapore decreased by 18% (see Table 4).

 

Table 2: PH Electronics Exports 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”

p– Preliminary

r – Revised

Growth rates were computed from actual values

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

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

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