SEPTEMBER 2019 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The electronics industry remains resilient with US$ 32.22 billion in exports (Year-to-Date, from January to September 2019), or 2.25% higher than the same period in 2018.

A. PH Electronics Exports: (Month-on-Month)

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Fig. 1: PH Electronics Exports (Aug 2019 vs Sept 2019)

Electronics exports contracted by 2.88%, from US$ 3.95 billion in August, to US$ 3.83 billion in September 2019 (see Fig. 1).

Exports in six out of nine sectors dropped from the previous month’s figures, as shown in Table 2. Telecommunication decreased by 45.35%, from US$ 79.18 million, to US$ 43.27 million this month. This was followed by Communication / Radar (38.01%), Control and Instrumentation      (19.37%), Office Equipment (17.69%), Electronic Data Processing (13.63%), and Automotive Electronics (7.88%). Please see Table 2.

Three out of nine sectors increased, led by Consumer Electronics at 152.13%, from US$ 41.62 million last month, to US$ 104.94 million this month. This was followed by Medical / Industrial Instrumentation (8.60%) and Components / Semiconductor Devices (1.77%).  Kindly refer to Table 2.


B. PH Electronics Exports: (Year-on-Year)

Electronics exports increased by 1.94%, from US$ 3.76 billion in September 2018, to US$ 3.83 billion in September 2019, as shown in Fig. 2.

 

Exports in four out of nine sectors grew, led by Consumer Electronics at 47.19%, from US$ 71.30 million in September 2018, to US$ 104.94 million in September 2019. Other sectors that increased were Office Equipment (24.85%), Automotive Electronics (8.79%), and Components / Semiconductor Devices (5.43%). Please see Table 2.

Five out of nine sectors decreased, led by Control and Instrumentation at 24.72%, from US$ 70.38 million, to US$ 52.99 million this month. This was followed Telecommunication (21.23%), Medical / Industrial Instrumentation (20.36%), Electronic Data Processing (4.10%), and Communication / Radar (2.19%). Kindly refer to Table 2.

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Fig. 2: PH Electronics Exports (September 2018 vs. September 2019)


C. PH Electronics Exports: (Year-to- Date)

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Fig. 3: PH Electronics Exports (January-September 2018 vs. January-September 2019)

Cumulative electronics exports grew by 2.25%, from US$ 31.51 billion last year to US$ 32.22 billion this year. This comprises 61.31% of total Philippine exports, year-to-date (see Fig. 3).

Exports in six sectors increased from last year’s YTD figures. Office Equipment increased at 44.31%, from US$ 389.16 million last year to US$ 561.59 million this year. Other sectors that increased were Communication / Radar (36.35%), Consumer Electronics (22.95%), Telecommunication (9.13%), Automotive Electronics (5.39%), and Components / Semiconductor Devices (1.04%). Please see Table 3.

Three sectors decreased, namely: Medical / Industrial Instrumentation (24.69%), Control and Instrumentation (8.82%), and Electronic Data Processing (1.32%). Kindly refer to Table 3.


COUNTRIES OF DESTINATION (SEPTEMBER 2019)

As shown in Table 1, the top five (5) countries of destination in September 2019 were Hong Kong (19.20%), the United States (12.83%), the People’s Republic of China (12.28%), Japan (8.02%), and Singapore (7.46%).

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Table 1: Top 5 Destination Countries for  Electronics (August 2019 vs. September 2019)

Other destinations in the top ten were Korea (6.29%), Germany (4.79%), Taiwan (4.44%), Thailand (2.91%), and the Netherlands (2.85%).

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Fig. 4: Top Exported Products, September 2019

The top exported electronic products in September 2019 are shown on Figure 4. Parts of electrical and electronic machinery bound for Korea increased by 47% but semiconductor devices bound for Hong Kong decreased by 21% (see Table 4).


Table 2: PH Electronics Exports Product by Sector (Month-on-Month and Year-on-Year)

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Notes for Table 3:

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 3: PH Electronics Exports Product by Sector (Year-to-date)

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Table 4: PH Top Electronics Export Products and Countries of Destination

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