The electronics industry exports dropped from previous month’s value of US$ 3.90 billion to US$ 3.87 billion in October 2020. The decrease is still the result of the economic disruptions caused by the COVID-19 pandemic.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (September 2020 vs October 2020)
Electronics exports decreased by 0.01%, from US$ 3.90 billion in September 2020, to US$ 3.87 billion in October 2020 (see Fig. 1).
Exports in four sectors decreased led by Automotive Electronics with 37.39%, as shown in Table 2. This is followed by Office Equipment (12.78%), Components/Devices (Semiconductors) (5.02%), and Control and Instrumentation (0.46%). Kindly refer to Table 2.
Exports in five sectors increased, including Medical Instrumentation (54.21%), Electronic Data Processing (15.17%), Consumer Electronics (14.30%), Telecommunication (12.61%), and Communication/ Radar (3.51%). Please see Table 2.
B. PH Electronics Exports: (Year-on-Year)
Electronics exports decreased by 0.01%, from US$ 3.90 billion in October 2019, to US$ 3.87 billion in October 2020 (see Fig. 1).
Exports in five sectors decreased, from the previous month’s figures, as shown in Table 2. Telecommunication decreased by 53.9%, from US$ 58.87 million, to US$ 27.15 million this month. Automotive Electronics (47.7%), Office Equipment (28.2%), Communication / Radar (5.6%), and Components/Devices (Semiconductors) (1.0%) followed this. Kindly refer to Table 2.
Exports in four sectors increased led by Control and Instrumentation (110.8%), followed by Medical Instrumentation (95.7%), Consumer Electronics (12.5%), and Electronic Data Processing (4.94%). Please see Table 2.
Fig. 2: PH Electronics Exports (October 2019 vs. October 2020)
C. PH Electronics Exports (Year-to-Date)
Fig. 3: PH Electronics Exports (January-October 2019 vs. January-October 2020)
Cumulative electronics exports decreased by 11.75%, from US$ 36.19 billion last year to US$ 31.94 billion this year. (See Fig. 3).
Exports in six sectors decreased from last year’s YTD figures. Telecommunication decreased at 53.32%, from US$ 533 million last year, to US$ 249 million this year. Other sectors that decreased were Communication/Radar (42.2%), Office Equipment (22.6%), Electronic Data Processing (18.6%), Components / Semiconductor Devices (7.2%), and Consumer Electronics (4.4%). Please see Table 3.
Three sectors increased, namely: Control and Instrumentation (48.5%), Medical / Industrial Instrumentation (21.6%), and Automotive Electronics (15.5%). Kindly refer to Table 3.
COUNTRIES OF DESTINATION (OCTOBER 2020)
As shown in Table 1, the top five (5) countries of destination in September 2020 were Hong Kong (17.50%) United States (14.60%), People’s Republic of China (13.45%), Japan (8.02%), and Singapore (7.16%).
Table 1: Top 5 Destination Countries for Electronics (September 2020 vs.October 2020)
Other destinations in the top ten were Germany (5.52%), Thailand (4.27%), Taiwan (3.91%), South Korea (3.40%) and Netherlands (2.74%).
Fig. 4: Top Exported Products, October 2020
Shown above on Figure 4 are the top exported electronics products of October 2020. Components and Semiconductor Devices bound for Hong Kong decreased by 8.24% (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 Import Products and Countries of Origin