AUGUST 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics Imports for the month of August decreased by 0.44%, from US$ 2.81 billion to US$ 2.80 billion. This was 27.81% of the total Philippine imports of US$ 10.04 billion.

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

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

The country’s electronics imports contracted by 0.44%,   from US$ 2.81 billion in July 2021 to US$ 2.80 billion in August 2021 (See Fig. 1).

Imports in five out of nine sectors decreased, as shown in Table 2. Communication/Radar went down by 29.23%, from US$ 94.62 million in July 2021 to US$ 66.97 million in August 2021. This was followed by Control and Instrumentation (26.60%), Consumer Electronics (17.25%), Office Equipment (9.59%) and Automotive Electronics (7.77%).

On the other hand, four sectors grew, led by Medical/Industrial Instrumentation with 59.89% increase, followed by Telecommunication (24.42%), Electronic Data Processing (4.04%), and Components/Devices (Semiconductors) (0.15%) (See Table 2).


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

The electronics imports this year rose by 18.48% from, from US$ 2.36 billion in August of 2020 to US$ 2.80 billion in August 2021, as shown in Fig. 2.

Electronics imports in five sectors increased, led by Medical/Industrial Instrumentation at 74.17%, from US$ 11.59 million in August 2020 to US$ 20.19 million in August 2021. This was followed by  Telecommunication (72.32%),  Control and Instrumentation (43.97%),  Components/Devices (Semiconductors) (22.01%) and Electronic Data Processing (20.17%), as shown in Table 2.

Four sectors reduced, namely Communication/Radar  (44.66%),  Automotive Electronics (39.00%), Consumer Electronics (20.86%), and Office Equipment (19.05%).

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


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

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

Year-to-date electronics imports increased by 22.75%, from US$ 16.64 billion last year to US$ 20.42 billion this year. These comprised 27.53% of the total Philippine commodity imports YTD (see Fig. 3).

Imports from eight out of nine electronics sectors increased, led by Control and Instrumentation (52.81%),  from US$ 325.42 million to US$ 497.27 million. This was followed by Telecommunication (49.34%), Electronic Data Processing (43.71%), Consumer Electronics (38.21%), Medical/Industrial Instrumentation (17.44%), Components/Devices (Semiconductors) (17.29%), Communication/Radar (6.96%), and Office Equipment (0.07%) Automotive Electronics imports decreased by 3.16%.


COUNTRIES OF ORIGIN (AUGUST 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in August 2021 were China (21.24%), Korea (16.57%), Taiwan (12.48%), Japan (12.44%), and Singapore (8.61%).

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Table 1: Top 5 Countries of Origin for Electronics Imports (July 2021 vs August 2021)


The rest of the top ten countries of origin were Hong Kong (7.53%), USA (6.48%), Thailand (3.37%), Malaysia (3.05%), and Vietnam (1.92%).

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Fig. 4: Top Imported Products (August 2021)

Fig. 4 shows the top imported electronics products in August 2021.  Dice of any material under Components/Devices imported from Korea increased by 16.97%. However, other electronics under EDP imported from Japan decreased by 11.34%. 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 Exports Product by Sector (Year-to-date)

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

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