PHILIPPINE ELECTRONICS IMPORT PERFORMANCE (APRIL 2018)

The Electronics industry imports for the month of April was at US $2.24 billion, or 25.65% of the US $8.73 billion total of Philippine imports.

A. PH Electronic Imports: Mar 2018 versus Apr 2018 (Month-on-Month)

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Fig. 1: PH Electronic Imports (Mar 2018 vs Apr 2018)

Based on PSA data, revised as of June 8, 2018, electronic imports went up by 0.36%, from US$ 2.23 billion in March 2018 to US$ 2.24 billion in April 2018 (see Fig. 1).

Seven out of nine sectors increased from the previous month’s figures as shown in Table 2. Consumer Electronics grew by 47.12%, from US$ 66.10 million in March 2018 to US$ 97.24 million in April 2018. This was followed by Control and Instrumentation (39.54%), Telecommunication (32.75%), Office Equipment (31.85%), Automotive Electronics (28.85%), Medical/industrial Instrumentation (5.50%) and Electronic Data Processing (5.30%).

Two sectors decreased: Communication/Radar (10.94%), and Components/Devices or Semiconductors (5.29%) (see Table 2).

B. PH Electronic Imports: Apr 2017 versus Apr 2018 (Year-on-Year)

Electronic imports grew by 15.19%, from US$ 1.94 billion in April 2017 to US$ 2.24 billion in April 2018 as shown in Fig. 2.

All other sectors increased, led by Office Equipment at 94.42%, from US$ 9.58 million last year to US$ 18.63 million this year. This was followed by Telecommunication (88.94%), Consumer Electronics (48.85%), Automotive Electronics (39.06%), Control and Instrumentation (34.13%), Components/Devices or Semiconductors (11.35%), Communication/Radar (8.73%), Medical/Industrial Instrumentation (3.38%) and Electronic Data Processing (0.04%).

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Fig. 2: PH Electronic Imports (Apr 2017 vs. Apr 2018)

C. PH Electronic Imports: Jan-Apr 2017 versus Jan-Apr 2018 (Year-to-Date)

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Fig. 3: PH Electronic Imports (Jan-Apr 2017 vs. Jan-Apr 2018)

Based on revised PSA data, cumulative imports increased by 11.98%, from US$ 7.81 billion in Jan-Apr 2017 to US$ 8.75 billion this Jan-Apr 2018 (refer to Fig. 3).

Eight out of nine sectors increased compared with last. Telecommunication grew by 47.25%, from US$ 352.56 million last year to US$ 517.69 million this year. Automotive Electronics rose by 30.64%, Control and Instrumentation by 24.88%, Communication/Radar by 21%, Office Equipment by 19%, Consumer Electronics by 16.31%, Components/Devices or Semiconductors by 11.04%, and Medical/Industrial Instrumentation by 0.59% (see Table 3).

 

Electronic Data Processing decreased by 1.96%.

COUNTRIES OF ORIGIN (APRIL 2018)

Table 1 shows that the Philippines’ top five (5) countries of origin for electronics imports in April 2018 were the Republic of Korea (21.64%), People’s Republic of China (15.88%), Taiwan (12.60%), Japan (11.40%) and the United States of America (9.53%).

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Table 1: Top 5 Countries of Origin (Apr 2018 vs Mar 2018)

Singapore (8.82%), Hong Kong (7.23%), Malaysia (2.67%), Thailand (2.64%) and Vietnam (2.15%) also comprise the rest of the top ten countries of origin for imports.

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Fig. 4: Top Imported Products (April 2018)

The top imported electronics products this month were Components/Devices or Semiconductors, Electronic Data Processing, Telecommunication, Consumer Electronics and Control and Instrumentation. Electrically circuit-programmed wafers and discs (other) imported from Taiwan grew by 88.92%. The same products imported from Singapore, however, decreased by 10.08% (see Table 4).

Table 2: PH Electronic Imports 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”                                 r – Revised

p– Preliminary                                         Growth rates were computed from actual values

Table 3: PH Electronic Imports Product by Sector (Year-to-date)

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Table 4: PH Top Imported Electronic Products and Countries of Destination

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