APRIL 2021 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The Electronics industry remains as the country’s top exporter for the month of April 2021 with US$ 3.50 billion, which is 61% of the overall Philippine exports.

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

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Fig. 1: PH Electronics Exports (March 2021 vs April 2021)

Electronics exports declined by 12% from US$ 3.97 billion in March 2021 to US$ 3.50 billion in April 2021 (see Fig. 1).

Eight out of nine sectors in exports decreased as shown in Table 2. Communication/Radar had the largest decline at 34.7% from US$ 55.66 million to US$ 36.34 million. This was followed by  Medical/Industrial Instrumentation (26.4%), Office Equipment (18.2%), Consumer Electronics (17.1%), Telecommunication (14.4%), Components/Devices (Semiconductors)(12.1%), Electronics Data Processing (EDP) (8.4%) and Control and Instrumentation(6.1%). Please see Table 2.

On the other hand, the Automotive Electronics grew by 16% from US$ 7.96 million in March to US$ 9.23 million in April.  Kindly refer to Table 2.


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

The Philippine Electronics exports significantly increased by 72%, from US$ 2.03 billion in April 2020 to US$ 3.50 billion in April 2021, as shown in Fig. 2.

Exports in all sectors grew, led by Consumer Electronics with an increase of 914% from US$ 8.31 million last year to US$ 84.28 million this year. It was followed by Medical/Industrial Instrumentation (702%), EDP (238.45%), Office Equipment (207%), Telecommunication (76.05%), Communication/Radar (50.51%), Control and Instrumentation (49.55%), Automotive Electronics(49.41%) and Components and Devices (40.40%).

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Fig. 2: PH Electronics Exports (April 2020 vs. April 2021)


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

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Fig. 3: PH Electronics Exports (January-April 2020 vs. January-April 2021)

Total electronics exports increased by 20.3%, from US$ 11.87 billion in 2020 to US$ 14.28 billion in 2021. This translated to 61% of the total Philippine exports (see Fig. 3).

Electronics exports in most sectors grew from last year’s YTD figures, led by Medical/ Industrial Instrumentation at 144.5%, from US$ 37.77 million in April 2020 to US$ 92.35 million in April 2021. This was followed by Consumer Electronics (79.04%), EDP (48.94%), Office Equipment (26.70%), Control and Instrumentation (18.53%), Components/ Devices (12.14%), Communication/ Radar (9.59%) and Telecommunication (6.16%). See Table 3.

On the flip side, exports in Automotive Electronics decreased by 47.4% from US$ 63.57 million to US$ 33.46 million. See Table 3.


COUNTRIES OF DESTINATION (APRIL 2021)

As shown in Table 1, the top five (5) countries of destination in April 2021 were Hong Kong (19.37%), USA (12.95%), China (12.69%), Singapore (8.16%), and Japan (6.45%).

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Table 1: Top 5 Destination Countries for Electronics (March 2021 vs April 2021)


Other destinations in the top ten are Germany (5.36%), Taiwan (4.40%), Thailand (4.29%), Netherlands (3.04%), and Malaysia (2.41%).

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Fig. 4: Top Exported Products,  April 2021

The top exported electronics products in April 2021 are seen in fig. 4. Other electronics under EDP for Thailand increased by 22.77%; however, hard disk drives bound for USA decreased by (17.54%). See Table 4.


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

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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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