The Electronics industry remains as the country’s top exporter for the month of May, with total receipts of US$ 3.13 billion out of US$ 5.76 billion, or 54.38% of the total Philippine exports.
A. PH Electronic Exports: Apr 2018 versus May 2018 (Month-on-Month)
Fig. 1: PH Electronic Exports (Apr 2018 vs May 2018)
Electronic exports increased by 5.28%, from US$ 2.98 billion in April 2018, to US$ 3.13 billion in May 2018 (see Fig. 1).
Six out of nine sectors increased, led by Telecommunication at 53.91%, from US$ 40.24 million last month, to US$ 61.93 million this month, followed by Office Equipment at 47.84%. The rest are Automotive Electronics (43.06%), Communication/Radar (26.89%), Components/Devices or Semiconductors (4.09%), and Electronic Data Processing (2.72%) (refer to Table 2).
Three sectors decreased: Medical/Industrial Instrumentation (46%), Consumer Electronics (9.51%), and Control and Instrumentation (6.85%).
B. PH Electronic Exports: May 2017 versus May 2018 (Year-on-Year)
Electronic exports increased by 2.29%, from US$ 3.06 billion in May 2017, to US$ 3.13 billion in May 2018, as shown in Fig. 2.
Five out of nine sectors grew, led by Telecommunication at 104.01%, from US$ 30.36 million in May 2017, to US$ 61.93 million this May 2018. Other sectors that exhibited increases were Consumer Electronics (95.56%), Office Equipment (50.16%), Communication/Radar (13.65%), and Control and Instrumentation (13.20%).
Four sectors declined: Automotive Electronics (51.65%), Medical/Industrial Instrumentation (16.81%), Electronic Data Processing (4.48%), and Components/Devices or Semiconductors (0.09%) (refer to Table 2).
Fig. 2: PH Electronic Exports (May 2017 vs. May 2018)
C. PH Electronic Exports: Jan-May 2017 versus Jan-May 2018 (Year-to-Date)
Cumulative electronic exports increased by 3.1%, from US$ 14.44 billion last year, to US$ 14.88 billion this year (see Fig. 3). This comprises 55.30% of total Philippine exports.
Seven sectors increased from last year’s YTD figures. Consumer electronics had the biggest gain at 33%, from US$ 140.96 million last year, to US$ 187.42 million this year. Other sectors that increased were Office Equipment (26.7%), Control and Instrumentation (19%), Telecommunication (15.2%), Electronic Data Processing (2.5%), Components/Devices or Semiconductors (2.1%) and Automotive Electronics (0.4%) (see Table 3).
Communication/Radar and Medical/Industrial Instrumentation decreased by 20.4% and 12.5%, respectively (refer to Table 3).
COUNTRIES OF DESTINATION (MAY 2018)
As shown in Table 1, the top five (5) countries of destination in May 2018 were Hong Kong (20.58%), the United States of America (14.10%), People’s Republic of China (12.28%), Singapore (9.24%) and Japan (6.56%).
Table 1: Top 5 Destination Countries for Philippine Electronics (May 2018 vs. Apr 2018)
Other destinations in the top ten were Germany (6.39%), Taiwan (5.60%), Netherlands (4.52%), Thailand (3.61%), and Malaysia (3.05%).
Fig. 4: Top Exported Products, May 2018
The top exported electronics products for this month were Components/Devices or Semiconductors, Electronic Data Processing, Office Equipment, Communication/Radar, and Telecommunication (refer to Fig. 4). Semiconductor devices bound for China increased by 30.79%. However, the same products bound for Hong Kong decreased by 35.25% (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