The Electronics industry remains as the country’s top exporter for the month of April, with total receipts of US$ 2.98 billion out of US$ 5.11 billion, or 58.18% of the total Philippine exports.
A. PH Electronic Exports: Mar 2018 versus Apr 2018 (Month-on-Month)
Fig. 1: PH Electronic Exports (Mar 2018 vs Apr 2018)
Based on PSA data as of June 8, 2018, electronic exports decreased by 10.02%, from US$ 3.31 billion in March 2018 to US$ 2.98 billion in April 2018 (see Fig. 1).
Eight out of nine sectors decreased, led by Automotive Electronics at 59.89%, from US$ 11.82 million last month to US$ 4.74 million this month, followed by Telecommunication at 37.26%. The rest are Office Equipment (34.88%), Electronics Data Processing (17.06%), Consumer Electronics (15.44%), Control and Instrumentation (13.90%), Communication/Radar (10.70%) and Components/Semiconductors (6.04%) (refer to Table 2).
Only Medical/Industrial Instrumentation increased. The sector grew by 15.69%, from US$ 3.84 million in March 2018 to US$ 4.44 million in April 2018.
B. PH Electronic Exports: Apr 2017 versus Apr 2018 (Year-on-Year)
Electronic exports increased in April 2018 compared to April 2017. As shown in Fig. 2, there is a 5.5% growth from US$ 2.82 billion last year to US$ 2.98 billion this year.
Five out of nine sectors grew, led by Consumer Electronics at 50.1%, from US$ 27.39 million in April 2017 to US$ 41.10 million this April 2018. Other sectors that exhibited increases were Office Equipment (11.5%), Electronic Data Processing (7.6%), Control and Instrumentation (6.9%) and Components/Devices or Semiconductors (5.3%) (see Table 2).
Four sectors declined: Automotive Electronics (12.5%), Communication/Radar (12.2%), Telecommunication (11.6%) and Medical/Industrial Instrumentation (7.4%) (refer to Table 2).
Fig. 2: PH Electronic Exports (Apr 2017 vs. Apr 2018)
C. PH Electronic Exports: Jan-Apr 2017 versus Jan-Apr 2018 (Year-to-Date)
Fig. 3: PH Electronic Exports (Jan-Apr 2017 vs. Jan-Apr 2018)
Based on revised PSA data, cumulative electronic exports increased by 3.3% from US$ 11.38 billion last year to US$ 11.75 billion this year (see Fig. 3). This comprises 56.07% of total Philippine exports.
Seven sectors increased from last year’s YTD figures. Automotive electronics had the biggest gain at 23.6%, from US$ 30.01 million last year to US$ 37.10 million this year. Other sectors that increased were Consumer Electronics (16.7%), Office Equipment (16.3%), Control and Instrumentation (12.3%), Telecommunication (6.5%), Electronic Data Processing (4.2%) and Components/Devices (Semiconductors) (3.10%) (see Table 3).
Communication/Radar and Medical/Industrial Instrumentation decreased by 26.4% and 25.4% respectively (refer to Table 3).
COUNTRIES OF DESTINATION (APRIL 2018)
As shown in Table 1, the top five (5) countries of destination in March 2018 were Hong Kong (22.72%), the United States of America (13.55%), People’s Republic of China (12.50%), Singapore (9.08%) and Japan (6.87%).
Table 1: Top 5 Destination Countries for Philippine Electronics (Apr 2018 vs. Mar 2018)
Other destinations in the top ten were Germany (6.28%), Taiwan (5.48%), Netherlands (4.20%), Thailand (4.00%), and Malaysia (3.03%).
Fig. 4: Top Exported Products, April 2018
The top exported electronics products for this month were Components/Devices or Semiconductors, Electronic Data Processing, Office Equipment, Telecommunication, and Communication/Radar (refer to Fig. 4). Semiconductor devices bound for Hong Kong, increased by 54.08%. However, metal oxide semiconductors bound for Netherlands decreased by 29.11% (see Table 4).
Table 2: PH Electronic Exports 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
Growth rates were computed from actual values
Table 3: PH Electronic Exports Product by Sector (Year-to-Date)
Table 4: PH Top Electronic Export Products and Countries of Destination