NOVEMBER 2019 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports register flat growth in November 2019 from the previous month, and slightly decreased by 1.56%, year-to-date (Jan-Nov 2019).

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

 

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

 

Electronics imports remain relatively flat, from US$ 2.42 billion in October, to US$ 2.44 billion in November (see Fig. 1).

Imports in three out of nine sectors increased, as shown in Table 2. Consumer Electronics increased by 20.73%, from US$ 104.26 million in October 2019, to US$ 125.87 million in November 2019. This was followed by Electronic Data Processing (17.25%) and Telecommunication (16.10%). Please see Table 2.

Imports in six sectors dropped, namely: Medical / Industrial Instrumentation (41.12%), Communication / Radar (11.46%), Control and Instrumentation (8.39%), Office Equipment (7.33%), Automotive Electronics (3.72%), and Components / Semiconductor Devices (3.43%). Kindly refer to Table 2.

 

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

Electronics imports decreased by 5.80%, from US$ 2.59 billion in November 2018, to US$ 2.44 billion in November 2019, as shown in Fig. 2.

Imports in three out of nine sectors dropped, led by Communication / Radar at 25.30%, from US$ 190.22 million last year to US$ 142.09 million this year. This was followed Components / Semiconductor Devices (15.84%) and Control and Instrumentation (3.52%). Please see Table 2.

Six sectors increased, namely: Telecommunication (42.00%), Electronic Data Processing (39.51%), Office Equipment (36.20%), Automotive Electronics (31.45%), Medical / Industrial Instrumentation (19.67%), and Consumer Electronics (7.21%). Kindly refer to Table 2.

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

 

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

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

Cumulative electronics imports decreased by 1.56%, from US$ 26.43 billion last year, to US$ 26.02 billion this year. This comprises 26.24% of total Philippine imports (see Fig. 3).

Imports in three sectors decreased from last year’s YTD figures. Office Equipment had the biggest drop at 7.43%, from US$ 174.12 million last year, to US$ 161.19 million this year. Other sectors that increased were Components / Semiconductor Devices (6.51%) and Control and Instrumentation (6.64%). Please see Table 3.

Six sectors increased, namely: Automotive Electronics (24.80%), Consumer Electronics (18.76%), Electronic Data Processing (15.53%), Medical / Industrial Instrumentation (9.46%), Telecommunication (6.35%), and Communication / Radar (2.88%). Kindly refer to Table 3.

 

COUNTRIES OF ORIGIN (NOVEMBER 2019)

Table 1 shows that the top five (5) countries of origin of electronics imports in November 2019 were the People’s Republic of China (22.72%), Taiwan (12.25%), Japan (11.41%), Singapore (10.24%), and Hong Kong (10.01%).

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Table 1: Top 5 Countries of Origin for Electronics Imports (October 2019 vs. November 2019)

The rest of the top ten countries of origin were the Korea (9.59%), USA (9.43%), Malaysia (2.68%), Thailand (2.66%), and Germany    (2.06%).

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Fig. 4: Top Imported Products (November 2019)

The top imported electronic products in November 2019 are shown on Figure 4. Materials imported on consignment basis from Taiwan grew by 28% but wafers and discs imported from Singapore decreased by 39% (see Table 4).

 

Table 2: PH Electronics Imports Product by Sector (Month-on-Month and Year-on-Year)6

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 Imports Product by Sector (Year-to-date)

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

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