APRIL 2023 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE
Electronics imports in April 2023 decreased by 10.37% to US$ 2.12 billion, or 22.45% of the country’s US$ 9.43 billion total commodity imports.
A. PH Electronics Imports: (Month-on-Month)
Fig. 1: PH Electronics Imports (March 2023 vs April 2023)
The country’s electronics imports contracted by 10.37% from US$ 2.36 billion in March 2023 to US$ 2.12 billion in April 2023. See Fig. 1.
Imports in all sectors declined. This was led by Automotive Electronics at 36.81%, from US$ 5.68 million to US$ 3.59 million, followed by Medical/Industrial Instrumentation (36.36%), Office Equipment (32.94%), Communication/Radar (29.45%), Control and Instrumentation (17.82%), Consumer Electronics (16.72%), Telecommunication (13.97%), Electronic Data Processing (12.38%), and Semiconductor Components/Devices (6.80%).
B. PH Electronics Imports: (Year-on-Year)
The electronics imports declined by 17.92%, from US$ 2.58 billion in April 2022 to US$ 2.12 billion in April 2023, as shown in Fig. 2.
Electronics imports in five (5) sectors decreased, led by Consumer Electronics at 34.29%, from US$ 104.34 million to US$ 68.56 million. It was followed by Electronic Data Processing (31.70%), Semiconductor Components/Devices (16.83%), Communication/Radar (12.29%), and Telecommunication (11.43%), as shown in Table 2.
Four (4) sectors increased, namely, Automotive Electronics (10.71%), Office Equipment (10.01%), Medical/Industrial Instrumentation (4.57%), and Control and Instrumentation (1.28%).
Fig. 2: PH Electronics Imports (April 2022 vs April 2023)
C. PH Electronics Imports (Year-to-Date)
Fig. 3: PH Electronics Exports (January – April 2022 vs. January – April 2023)
Cumulative electronics imports declined by 14.70%, from US$ 10.63 billion last year to US$ 9.06 billion this year. These comprised 22.08% of the total Philippine commodity imports YTD (See Fig. 3.).
Imports for four (4) out of nine (9) electronics sectors went down, led by Electronic Data Processing (36.44%) from US$ 1.27 billion to US$ 808.95 million. Following it were Consumer Electronics (21.14%), Telecommunication (17.63%), and Semiconductor Components/Devices (13.75%).
On the other hand, Office Equipment went up by 57.92%, from US$ 52.68 million to US$ 83.19 million. It was followed by Automotive Electronics (26.99%), Medical/Industrial Instrumentation (18.96%), Communication/Radar (13.42%), and Control and Instrumentation (5.51%). Kindly refer to Table 3.
COUNTRIES OF ORIGIN (APRIL 2023)
Table 1 shows that the top five (5) countries of origin of electronics imports in April 2023 were China (20.03%), Taiwan (13.71%), Japan (11.54%), South Korea (10.71%), and the USA (9.77%). These were likewise the countries of destination in the same order in January 2023.
Table 1: Top 5 Countries of Origin for Electronics Imports (March 2023 vs April 2023)
The rest of the top ten countries of origin were Singapore (9.15%), Hong Kong (5.78%), Malaysia (5.76%), Vietnam (2.88%), and Thailand (2.38%).
Fig. 4: Top Imported Products (April 2023)
Fig. 4 shows the top imported electronics products in April 2023. Portable automatic data processing machines weighing not more than 10 kilograms under electronic data processing imported from China increased by 33.48%, while materials and accessories for the manufacture of semiconductor devices imported from South Korea dropped by 14.93%. See Table 3.
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 Destination
