APRIL 2022 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports in April 2022 decreased by 7.11% to US$ 2.56 billion, or 23.48% of the country’s US$ 10.90 billion total commodity imports for the month.

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

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Fig. 1: PH Electronics Imports (March 2022 vs April 2022)

The country’s electronics imports went down from US$ 2.76 billion in March 2022 to US$ 2.56 billion in April 2022 (See Fig. 1).

Imports in seven (7) sectors contracted, as shown in Table 2. Telecommunication declined the most at 28.54%, from US$ 149.30 million in March 2022 to US$ 106.68 million in April 2022. This was followed by Electronic Data Processing (11.18%), Medical/Industrial Instrumentation (10.48%), Control and Instrumentation (9.92%), Office Equipment (9.67%), Semiconductor Components/Devices (5.81%), and Communication/Radar (5.31%)

Meanwhile, Consumer Electronics went up by 15.89%, followed by Automotive Electronics (1.06%). (See Table 2).


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

The electronics imports gained 1.73%, from US$ 2.51 billion in April 2021 to US$ 2.56 billion in April 2022, as shown in Fig. 2.

Electronics imports in five (5) sectors increased, led by Control and Instrumentation at 31.11%, from US$ 54.55 million in April 2021 to US$ 71.53 million in April 2022. This was followed by Consumer Electronics (20.43%), Semiconductor Components/Devices (7.99%), Communication/Radar (1.24%), and Automotive Electronics (1.09%), as shown in Table 2.

Four (4) sectors declined, namely Electronic Data Processing (28.79%), Office Equipment (18.38%), Medical/Industrial Instrumentation (12.51%), and Telecommunication (8.33%).

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Fig. 2: PH Electronics Imports (April 2021 vs April 2022)


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

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Fig. 3: PH Electronics Exports (January-April 2021 vs. January-April 2022)

Cumulative electronics imports climbed by 8.97%, from US$ 9.73 billion last year to US$ 10.60 billion this year. These comprised 23.98% of the total Philippine commodity imports YTD (See Fig. 3.).

Imports for four (4) out of nine (9) electronics sectors grew, led by Control and Instrumentation from US$ 222.22 million to US$ 296.81 million (33.57%). This was followed by Semiconductor Components/Devices (15.02%), Telecommunication (13.88%), and Consumer Electronics (8.17%).

Conversely, Office Equipment decreased by 18.59%, followed by Electronic Data Processing (15.70%), Automotive Electronics (13.72%), Communication/Radar (7.64%), and Medical/Industrial Instrumentation (0.39%).


COUNTRIES OF ORIGIN (APRIL 2022)

Table 1 shows that the top five (5) countries of origin of electronics imports in April 2022 were China (18.70%), South Korea (16.39%), Taiwan (13.22%), Japan (13.05%), and Singapore (9.70%). These were likewise the import origins, in the same order, in March 2022.

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Table 1: Top 5 Countries of Origin for Electronics Imports (March 2022 vs April 2022)


The rest of the top ten countries of origin were the USA (7.23%), Hong Kong (6.53%), Malaysia (3.33%), Vietnam (2.99%), and Thailand (2.58%).

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Fig. 4: Top Imported Products (April 2022)

Fig. 4 shows the top imported electronics products in April 2022. Materials and accessories for the manufacture of semiconductor devices imported from South Korea climbed by 27.25%. Meanwhile, other semiconductor products imported from Japan dropped by 27.79%. See Table 4.


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

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

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

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