Electronics imports for the month of September reached US$ 2.43 billion, or 30.61% of total Philippine imports. This is 5.97% higher than last month’s figures. This increase is due to the gradual recovery of the raw material supply.
A. PH Electronics Imports: (Month-on-Month)
Fig. 1: PH Electronics Imports (August 2020 vs September 2020)
Electronics imports increased by 6.11%, from US$ 2.29 billion in August 2020, to US$ 2.43 billion in September 2020 (see Fig. 1).
Seven sectors increased, as shown in Table 2. Office Equipment increased by 72.27%, from US$ 12.14 million in August 2020, to US$ 20.92 million in September 2020. This was followed by Telecommunication (44.54%), Electronic Data Processing (16.35%), and Consumer Electronics (12.27%) Medical / Industrial Instrumentation (9.77%), Controls and Instrumentation (9.34%), and Components / Semiconductor Devices (2.59%). Please see Table 2.
Imports in two out of nine sectors decreased, led by Automotive Electronics at 31.25% and Communication / Radar (19.35%). Kindly refer to Table 2.
B. PH Electronics Imports: (Year-on-Year)
Electronics imports increased by 2.53%, from US$ 2.37 billion in September 2019, to US$ 2.43 billion in September 2020, as shown in Fig. 2.
Imports in three sectors increased, led by Electronic Data Processing at 20.68%, from US$ 341.80 million last year to US$ 412.48 million this year. This was followed by Office Equipment (10.89%), and Components/ Semiconductor Devices (4.39%). Please see Table 2.
Imports in six out of nine sectors decreased, namely: Automotive Electronics (43.11%), Communication / Radar (32.55%), Medical / Industrial Instrumentation (25.07%), Telecommunication (11.44%), Consumer Electronics (9.94%), and Control and Instrumentation (9.65%). Kindly refer to Table 2.
Fig. 2: PH Electronics Imports (September 2019 vs. September 2020)
C. PH Electronics Imports: (Year-to-Date)
Fig. 3: PH Electronics Imports (January-September 2019 vs. January-September 2020)
Cumulative YTD electronics imports decreased by 13.19%, from US$ 21.45 billion last year, to US$ 18.62 billion this year. This comprises 30.07% of total Philippine imports (see Fig. 3).
Imports in all nine sectors decreased from last year’s YTD figures. Consumer Electronics had the biggest drop at 46.27%, from US$ 1,084.13 million last year, to US$ 582.55 million this year. Other sectors that decreased were Telecommunication (39.96%), Automotive Electronics (28.28%), Control and Instrumentation (23.57%), Medical / Industrial Instrumentation (23.28%), Communication / Radar (19.55%), Electronic Data Processing (8.88%), Components / Semiconductor Devices (8.28%), and Office Equipment (4.94%). Please see Table 3.
COUNTRIES OF ORIGIN (SEPTEMBER 2020)
Table 1 shows that the top five (5) countries of origin of electronics imports in September 2020 were China (23.77%), South Korea (13.90%), Japan (11.04%), Taiwan (10.54%), and Singapore (9.81%).
Table 1: Top 5 Countries of Origin for Electronics Imports (September 2020 vs Augst 2020)
The rest of the top ten countries of origin were Hong Kong (8.72%), USA (7.75%), Thailand (3.36%), Malaysia (3.32%), and Germany (1.97%).
Fig. 4: Top Imported Products (September 2020)
The top imported electronic products in September 2020 are shown on Figure 4. Materials and accessories imported from South Korea increased by 57% but the same product imported from the China decreased by 34% (see Table 4).
Table 2: PH Electronics Imports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Electronics Imports Product by Sector (Year-to-date)
Table 4: PH Top Electronics Import Products and Countries of Origin