PHILIPPINE ELECTRONICS EXPORT PERFORMANCE (DECEMBER 2017)

Electronics exports reached US$ 32.704 billion in 2017, the highest in the industry’s history, accounting for 52.02% of the country’s total commodity exports of the year. In December 2017, the industry remained as the country’s top exporter for the month, with total receipts of US$ 2.859 billion, or 60.56% of the total Philippine exports of US$ 4.721 billion.

A. PH Electronic Exports: Nov 2017 versus Dec 2017 (Month-on-Month)

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Fig. 1: PH Electronic Exports (Nov 2017 vs. Dec 2017)

Electronic exports decreased by 0.62% for the month of December, from US$ 2.877 billion last month to US$ 2.859 billion this month (see Fig. 1).

Five (5) sectors decreased, led by Medical/Industrial Instrumentation at 67.01%, from US$ 10.78 million last month to US$ 3.56 million this month. Other were Telecommunication at 20.81%, Control and Instrumentation at 13.53%, Communication/Radar at 12.76% and Electronic Data Processing at 5.08% (see Table 2).

Four (4) sectors posted positive gro wth: Automotive Electronics (17.88%), Consumer Electronics (15.17%), Office Equipment (9.97%) and Components/Devices or Semiconductors (1.54%) (see Table 2).

B. PH Electronic Exports: Dec 2016 versus Dec 2017 (Year-on-Year)

As shown on Fig. 2, electronic exports increased in December 2017 compared with December 2016 by 15.03%, from US$ 2.485 billion last year to US$ 2.859 billion this year.

Six (6) sectors posted positive gro wth led by Automotive Electronics at 43.06%, from US$ 5.44 million last year to US$ 7.78 million this year. Other were Communication/Radar (36.15%), Components/Devices or Semiconductors (18.92%), Office Equipment (16.27%), Telecommunication (7.69%) and Electronic Data Processing (6.14%).

Three (3) sectors decreased: Medical/Industrial (54.54%), Consumer Electronics (25.41%) and Control and Instrumentation (13.08%) (see Table 2).

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Fig. 2: PH Electronic Exports (Dec 2016 vs. Dec 2017)

 

 


COUNTRIES OF DESTINATION (DECEMBER 2017)

As shown on Table 1, the top five (5) countries of destination in December 2017 were: Hong Kong (22.90%), United States of America (12.46%), People’s Republic of China (12.05%), Singapore (10.51%) and Japan (7.68%).

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Table 1: Top 5 Destination Countries for Philippine Electronics (Dec 2017 vs. Nov 2017)

Other destinations in the top ten (10) were Germany (6.42%), Taiwan (5.23%), Netherlands (4.67%), Republic of Korea (3.51%) and Thailand (3.25%).

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Fig. 4: Top Exported Products, December 2017

 

The top exported electronics products this December were Components/Devices or Semiconductors, Electronic Data Processing, Office Equipment, Communication/Radar and Control and Instrumentation.

2016 vs 2017

The top five (5) countries of destination in 2016 were: Hong Kong (19.47%), People’s Republic of China (12.93%), United States of America (12.70%), Singapore (11.46%) and Japan (11.06%).

Other destinations in the top ten (10) were Germany (6.23%), Taiwan (5.36%), Thailand (3.62%), Republic of Korea (3.19%) and Netherlands (2.90%).

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Table 2: Top 5 Destination Countries for Philippine Electronics (2017 vs 2016)

In 2017, the top five (5) destination countries of electronics exports were Hong Kong (21.56%), United States of America (12.66%), People’s Republic of China (12.61%), Singapore (9.97%) and Japan (8.94%).

Other destinations in the top ten (10) were Germany (6.29%), Taiwan (5.44%), Netherlands (4.09%), Thailand (3.54%) and Republic of Korea (3.48%).

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Fig. 5: Top Exported Products, December 2017

 

The top exported electronics products in 2017 were Components/Devices or Semiconductors, Electronic Data Processing, Communication/Radar, Control and Instrumentation and Office Equipment.

C. PH Electronic Exports: Jan-Dec 2016 versus Jan-Dec 2017 (Year-to-Date)

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Fig. 3: PH Electronic Exports (Jan-Dec 2016 vs. Jan-Dec 2017)

 

Cumulative Electronic exports increased by 11.17% from US$ 29.418 billion last year to US$ 32.704 billion this year (see Fig. 3), or 52.02% of total Philippine exports.

Six (6) sectors increased from last year’s YTD figures. Communication/Radar increased by 52.74%, from US$ 474.98 million last year to US$ 725.48 million this year. Other sectors that increased were Office Equipment (51.40%), Consumer Electronics (13.21%), Components/Devices or Semiconductors (12.17%), Electronic Data Processing (8.97%) and Control and Instrumentation (6.15%) (see Table 3).

Medical/Industrial Instrumentation decreased by 39.75%, followed by Automotive Electronics at 36.95% and Telecommunication at 30.88% (see Table 3).

Table 3: 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”

p – Preliminary

r – Revised

Growth rates were computed from actual values

Table 4: PH Electronic Exports Product by Sector (Year-to-Date)

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