OCTOBER 2018 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The Electronics industry remains as the country’s top exporter for the month of October, with total receipts of US$ 3.25 billion out of US$ 6.11 billion, or 53.17% of the total Philippine exports.

A. PH Electronic Exports: Sept 2018 versus Oct 2018 (Month-on-Month)

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Fig. 1: PH Electronic Exports (Sept 2018 vs Oct 2018)

Electronic exports decreased by 4.92%, from US$ 3.42 billion in September 2018, to US$ 3.25 billion in October 2018 (see Fig. 1).

Five out of nine sectors decreased, led by Medical/Industrial Instrumentation at 22.02%, from US$ 6.15 million last month, to US$ 4.80 million this month, followed by Telecommunication (17.58%), Components/Semiconductor Devices   (7.35%), Electronic Data Processing (5.18%), and Control and Instrumentation (2.66%) (refer to Table 2).

Four sectors increased: Office Equipment (75.15%), Consumer Electronics (26.91%), Automotive Electronics (22.71%), Communication and Radar (20.93%) (see Table 2).

B. PH Electronic Exports: October 2017 versus October 2018 (Year-on-Year)

Electronic exports increased by 0.62%, from US$ 3.23 billion in October 2017, to US$ 3.25 billion in October 2018, as shown in Fig. 2.

 

Five out of nine sectors grew, led by Consumer Electronics at 119.77%, from US$ 31.19 million in October 2017, to US$ 68.54 million this October 2018. Other sectors that exhibited increases were Automotive Electronics (109.06%), Office Equipment (71.23%), Control and Instrumentation (11.52%), Electronic Data Processing (6.24%) (see Table 2).

Four sectors declined, namely: Medical/ Industrial Instrumentation (39.25%), Telecommunication (36.64%), Communication and Radar (19.91%), and Components/ Semiconductor Devices (2.34%) (refer to Table 2).

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Fig. 2: PH Electronic Exports (Oct 2017 vs. Oct 2018

C. PH Electronic Exports: Jan-Oct 2017 versus Jan-Oct 2018 (Year-to-Date)

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Fig. 3: PH Electronic Exports (Jan-Oct 2017 vs. Jan-Oct 2018)

Cumulative electronic exports increased by 5.20%, from US$ 30.14 billion last year, to US$ 31.71 billion this year. This comprises 55.57% of total Philippine exports (see Fig. 3).

Six sectors increased from last year’s YTD figures. Consumer Electronics had the biggest gain at 91.08%, from US$ 269.46 million last year, to US$ 514.87 million this year. Other sectors that increased were Office Equipment (34.02%), Automotive Electronics (23.07%), Control and Instrumentation (13.24%), Electronic Data Processing (8.19%), and Components/Devices or Semiconductors (3.61%) (see Table 3).

Three sectors decreased: Communication/Radar (17.76%), Medical/Industrial Instrumentation (13.24%), and Telecommunication (10.42%) (refer to Table 3).

COUNTRIES OF DESTINATION (OCTOBER 2018)

As shown in Table 1, the top five (5) countries of destination in October 2018 were Hong Kong (20.29%), the United States of America (14.26%), the People’s Republic of China (13.40%), Singapore (9.08%), and Japan (7.18%).

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Table 1: Top 5 Destination Countries for Philippine Electronics (Oct 2018 vs. Sept 2018)

Other destinations in the top ten were Germany (5.81%), Taiwan (4.45%), Netherlands (4.45%), Thailand (3.76%), and Korea (3.47%).

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Fig. 4: Top Exported Products, Oct 2018

The top exported electronics products for this month were Components/Devices or Semiconductors, Electronic Data Processing, Communication/Radar, Office Equipment, and Telecommunication (refer to Fig. 4). Electrically circuit-programmed wafers and discs bound for Singapore increased by 541.98%. However, hard disk drives bound for China decreased by 2.88% (see Table 4).

Table 2: PH Electronic Exports Product by Sector (Month-on-Month and Year-on-Year)

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Notes for Table 2:

F.O.B. Value in Million U.S. Dollars

Electronic Eqpt and Parts – referred as “Other Electronics”

 

 

r – Revised

Growth rates were computed from actual  values

Table 3: PH Electronic Exports Product by Sector (Year-to-Date)

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

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