The electronics industry reached US$ 3.81 billion in November 2020, a decrease of 1.80% from last month. This was 65.8% of total Philippine exports for the month.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (October 2020 vs November 2020)
Electronics exports decreased by (1.80%), from US$ 3.88 billion in October 2020, to US$ 3.81 billion in November 2020 (see Fig. 1).
Exports in five sectors contracted from the previous month’s figures, as shown in Table 2. Office equipment decreased by (17.59%) from US$ 43.48 million, to US$ 35.83 million this month. This was followed by Automotive Electronics (13.32%), Medical / Industrial Instrumentation (8.26%), Components / Semiconductor Devices (4.45%), and Communication/radar (3.61%). Please see Table 2.
Consumer electronics recorded the highest increase among all sectors with 15.67% from US$ 110.47 million to US$ 127.79 million, followed by Control and Instrumentation (13.32%), Telecommunication (10.48%) and Electronic Data Processing (4.42%). Refer to Table 2.
B. PH Electronics Exports: (Year-on-Year)
Exports grew by 5.83%, from US$ 3.60 billion in November 2019, to US$ 3.81 billion in November 2020, as shown in Fig. 2.
Exports in five out of nine sectors increased, led by Control and Instrumentation at 170.44%, from US$ 26.12 million in November 2019, to US$ 70.64 million in November 2020. This was followed by Medical/Industrial Instrumentation (65.36%), Consumer Electronics (42.02%), Electronic Data Processing (20.24%), and Communication/radar (6.81%). Please see Table 2.
Exports in four sectors decreased, the highest change being in Telecommunication at 47.48% followed by Automotive Electronics (46.29%), Office equipment (21.34%) and Components/Devices (Semiconductors) (0.05%). Kindly refer to Table 2.
Fig. 2: PH Electronics Exports (November 2019 vs. November 2020)
C. PH Electronics Exports (Year-to-Date)
Fig. 3: PH Electronics Exports (January-November 2019 vs. January-November 2020)
Cumulative electronics exports declined by (10.10%), from US$ 39.79 billion last year to US$ 35.77 billion this year. This comprised 61.70% of total Philippine exports (see Fig. 3).
Exports in five sectors decreased from last year’s YTD figures led by Telecommunication at 52.77%, from US$ 590.78 million last year, to US$ 279 million this year. Other sectors that dropped were Communication/Radar (38.87%), Office Equipment (22.52%), Electronic Data Processing (15.21%), and Components / Semiconductor Devices (6.50%). Please see Table 3.
Four sectors increased, namely: Control and Instrumentation (57.55%), Medical/Industrial Instrumentation (26.65%), Automotive Electronics (9.10%) and Consumer Electronics (1.02%). Kindly refer to Table 3.
COUNTRIES OF DESTINATION (NOVEMBER 2020)
As shown in Table 1, the top five (5) countries of destination in November 2020 were Hong Kong (18.97%), the USA (16.34%), China (15.92%), Japan (8.77%), and Singapore (7.58%).
Table 1: Top 5 Destination Countries for Electronics (October 2020 vs. November 2020)
Other destinations in the top ten were Germany (4.90%), Thailand (4.22%), Taiwan (4.12%), South Korea (2.75%), and Netherlands (2.20%).
Fig. 4: Top Exported Products, November 2020
The top exported electronics products in November 2020 are shown on Figure 4. Semiconductor devices bound for USA increased by 7.47%; however, wafers and discs bound for Singapore dropped by (7.62%) (see Table 4).
Table 2: PH Electronics Exports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Electronics Exports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Export Products and Countries of Destination