NOVEMBER 2020 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports for the month of November increased by 1.20% from US$ 2.49 billion to US$ 2.52 billion. This is 33.51% of total Philippine imports.

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

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Fig. 1: PH Electronics Imports (October 2020 vs November 2020)

Electronics imports increased by 1.20%, from US$ 2.49 billion in October 2020, to US$ 2.52 billion in November 2020 (see Fig. 1).

Imports in five sectors went up, as shown in Table 2. Communication/Radar increased by (34.46%), from US$ 121.82 million in October 2020, to US$ 163.80 million in November 2020. This was followed by Office Equipment (32.31%), Medical /Industrial Instrumentation (30.66%), Consumer Electronics (11.28%), and Telecommunication (0.78%). Please see Table 2.

Control and Instrumentation contracted by (4.63%) followed by Electronic Data Processing (3.21%), Automotive Electronics (2.55%) and Components/Devices (Semiconductors) (1.36%).


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

Electronics imports declined by 0.08%, from US$ 2.517 billion in November 2019, to US$ 2.515 billion in November 2020, as shown in Fig. 2.

Imports in seven sectors dropped, led by Automotive Electronics at 39.67%, from US$ 6.00 million last year to US$ 3.62 million this year. This was followed by Medical/Industrial Instrumentation (39.12%), control and Instrumentation (20.03%), Office Equipment (17.79%), Consumer Electronics (17.75%), Telecommunication (13.35) and Electronic Data Processing (1.17%). Please see Table 2.

Two sectors increased, namely: Communication/Radar (14.28%) and Components/Devices (Semiconductors) (3.12%). Kindly refer to Table 2.

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Fig. 2: PH Electronics Imports (November 2019 vs. November 2020)


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

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Fig. 3: PH Electronics Imports (January-November 2019 vs. January-November 2020)

Cumulative YTD electronics imports decreased by 10.48%, from US$ 26.42 billion last year, to US$23.66 billion this year. This comprises 30.47% of total Philippine imports YTD (see Fig. 3).

Imports in all nine sectors contracted from last year’s YTD figures. Consumer Electronics had the biggest drop at 40.47%, from US$ 1.32 billion last year, to US$ 7.86 million this year. Other sectors that decreased were Telecommunication (34.01%), Medical / Industrial Instrumentation (32.44%), Automotive Electronics (32.43%), Control and Instrumentation (23.84%), Communication / Radar (16.43%), Office Equipment (16.17%) Components / Semiconductor Devices (5.95%), and Electronic Data Processing (5.31%), Please see Table 3.


COUNTRIES OF ORIGIN (November 2020)

Table 1 shows that the top five (5) countries of origin of electronics imports in November 2020 were China (24.88%), South Korea (11.93%), Japan (11.32%), Taiwan (10.16%) and USA (9.07%).

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Table 1: Top 5 Countries of Origin for Electronics Imports (June 2020 vs May 2020)


The rest of the top ten countries of origin were Hong Kong (9.03%%), Singapore (8.83%), Malaysia (3.53%), Thailand (3.01%), and Germany (1.80%).

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Fig. 4: Top Imported Products (November 2020)

The top imported electronic products in June 2020 are shown on Figure 4. Wafers and discs decreased by 11.63% (see Table 4).


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

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

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Table 4: PH Top Electronics Import Products and Countries of Origin

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