AUGUST 2021 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The electronics exports grew by 0.72% in July 2021. This was equivalent to US$ 4.00 billion, which was 61.93% of the US$ 6.47 billion total Philippine exports for the month.

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

Picture1

Fig. 1: PH Electronics Exports (July 2021 vs August)

Electronics exports rose by 0.72% from US$ 3.98 billion in July 2021 to US$ 4.00 billion in August 2021 (see Fig. 1).

Exports in two sectors grew as shown in Table 2. Telecommunication had the largest increase at 33.61% from US$ 53.23 million to US$ 71.12 million. Another sector that increased was Components/Devices (Semiconductors) (4.33%). Please see Table 2.

In contrast, Consumer Electronics decreased the most at 31.26% from US$ 94.71 million to US$ 65.11 million. This was followed by Communication/Radar (21.51%), Medical/Industrial Instrumentation (19.49%), Office Equipment (17.26%), Automotive Electronics (10.73%),

Control and Instrumentation (10.14%) and Electronic Data Processing (9.02%).  Kindly refer to Table 2.

 


 

 

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

The Philippine Electronics exports increased by 17.7%, from US$ 3.40 billion in August 2020 to US$ 4.00 billion in August 2021, as shown in Fig. 2.

Four electronics sectors grew, led by Telecommunication with 217.43% increase from US$ 22.40 million last year to US$ 71.12 million this year. It was followed by Electronic Data Processing (31.61%), Components/Devices (Semiconductors) (14.91%), and Control and Instrumentation (6.94%).

However, five sectors contracted namely: Automotive Electronics (67.28%), Communication/Radar (32.71%), Consumer Electronics (8.45%), Office Equipment (11.75%), and Medical/Industrial Instrumentation (4.94%)

Picture2

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


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

Picture3

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

Total electronics exports are higher by 19%, from US$ 25.20 billion in 2020 to US$ 29.99 billion in 2021. This was 61.30% of the total Philippine exports (see Fig. 3).

Exports from eight electronics sectors grew from last year’s YTD figures, led by Medical/ Industrial Instrumentation at 82.70%, from US$ 85.75 million in August 2020 to US$ 156.70 million in August 2021. This was followed by Telecommunication (63.40%), Consumer Electronics (57.60%), Electronic Data Processing (45.50%), Control and Instrumentation (24.30%), Office Equipment (11.70%), Components/Devices (Semiconductors) (10.70%), and Communication/Radar (6.5%). See Table 3.

Meanwhile, exports in Automotive Electronics declined by 49.20% from US$ 127.44 million to US$ 64.70 million. See Table 3.

 


 

 

COUNTRIES OF DESTINATION AUGUST 2021)

Table 1 shows the top five (5) countries of destination in August 2021, namely, Hong Kong (21.50%), USA (12.64%), China (12.60%), Singapore (9.15%), and Japan (6.55%).

Picture4

Table 1: Top 5 Destination Countries for Electronics (July 2021 vs August 2021)


Other destinations in the top ten are Germany (5.99%), Taiwan (4.13%), Thailand (4.01%), Vietnam (2.31%) and South Korea (2.19%).

Picture5

Fig. 4: Top Exported Products, August 2021

The top exported electronics products in August 2021 are seen in fig. 4. Semiconductor Devices under Components/Devices bound for the USA increased by39.30%. Meanwhile, wafers and disks under Components/Devices bound for Singapore dropped by 27.90%. See Table 4.


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

Picture6


Table 3: PH Top Electronics Export Products by Sector (Year-to-date)

Picture7


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

Picture8

Bottom Ad