The Electronics industry imports for the month of October was at US$ 2.72 billion, or 26.36% of the US$ 10.32 billion total of Philippine imports.
A. PH Electronic Imports: Sept 2018 versus Oct 2018 (Month-on-Month)
Fig. 1: PH Electronic Imports (Sept 2018 vs Oct 2018)
Electronic imports increased by 11.15%, from US$ 2.45 billion in September 2018, to US$ 2.72 billion in October 2018 (see Fig. 1).
Six out of nine sectors increased from the previous month’s figures, as shown in Table 2. Communication/ Radar increased by 71.09%, from US$ 81.53 million in September 2018, to US$ 139.49 million in October 2018. This was followed by Consumer Electronics (30.27%), Office Equipment (19.41%), Electronic Data Processing (16.25%), Automotive Electronics (12.30%), and Components and Semiconductor Devices (8.63%) (refer to Table 2).
Three sectors increased: Control and Instrumentation (15.63%), Medical/Industrial Instrumentation (13.90%), and Telecommunication (1.66%) (see Table 2).
B. PH Electronic Imports: October 2017 versus October 2018 (Year-on-Year)
Electronic imports grew by 14.79%, from US$ 2.37 billion in October 2017, to US$ 2.72 billion in October 2018, as shown in Fig. 2.
Nine out of nine sectors increased, led by Office Equipment at 48.29%, from US$ 12.28 million last year, to US$ 18.21 million this year. This was followed by Control and Instrumentation (36.50%), Automotive Electronics (35.61%), Consumer Electronics (19.47%), Components and Semiconductor Devices (15.02%), Electronic Data Processing (13.78%), Communication and Radar (12.36%), Medical and Industrial Instrumentation (1.08%), and Telecommunication (0.02%).
Fig. 2: PH Electronic Imports (Oct 2017 vs. Oct 2018)
C. PH Electronic Imports: Jan-Oct 2017 versus Jan-Oct 2018 (Year-to-Date)
Fig. 3: PH Electronic Imports (Jan-Oct 2017 vs. Jan- Oct 2018)
Cumulative electronic imports increased by 19.92%, from US$ 19.64 billion last year, to US$ 23.55 billion this year. This comprises 25.89% of total Philippine exports (see Fig. 3).
Eight out of nine sectors increased compared with last year. Telecommunication grew by 38.78%, from US$ 964.31 million last year, to US$ 1.34 billion this year. This was followed by Automotive Electronics (35.46%), Office Equipment (33.46%), Control and Instrumentation (33.20%), Consumer Electronics (21.25%), Components and Semiconductors Devices (20.84%), Communication/ Radar (14.42%), and Electronic Data Processing (8.30%) (see Table 3).
Imports for the Medical/Industrial Instrumentation sector decreased by 8.23%.
COUNTRIES OF ORIGIN (OCTOBER 2018)
Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in October 2018 were the Republic of Korea (22.27%), People’s Republic of China (17.77%), Taiwan (11.77%), Japan (10.53%) and Singapore (9.08%).
Table 1: Top 5 Destination Countries of origin Philippine Electronics (Oct 2018 vs. Sept 2018)
The rest of the top ten countries of origin are the United States of America (7.93%), Hong Kong (6.12%), Malaysia (3.33%), Vietnam (2.67%), and Thailand (2.51%).
Fig. 4: Top Imported Products (Oct 2018)
The top imported electronics products this month were Components/Devices or Semiconductors, Electronic Data Processing, Telecommunication, Consumer Electronics, Control and Instrumentation. Materials imported on a consignment basis from China grew by 132.46%. However, the same product imported from Korea, decreased by 32.07% (see Table 4).
Table 2: PH Electronic Imports Product by Sector (Month-on-Month and Year-on-Year)
Notes for Table 2:
F.O.B. Value in Million U.S. Dollars
Electronic Eqpt and Parts – referred as “Other Electronics” r – Revised
p– Preliminary Growth rates were computed from actual values
Table 3: PH Electronic Imports Product by Sector (Year-to-date)
Table 4: PH Top Imported Electronic Products and Countries of Destination