DECEMBER 2021 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE
Total electronics exports reached an all-time high of US$ 45.92 billion in 2021, exceeding pre-pandemic levels. This accounts for 61.52% of the country’s total commodity exports of the year, and a 12.9% annual growth from PSA’s adjusted number of US$ 40.67 billion in 2020.
A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (November 2021 vs December 2021)
Electronics exports decreased by 1.66%, from US$ 3.99 billion in November 2021 to US$ 3.92 billion in December 2021. See Fig. 1.
Exports in six (6) sectors declined as shown in Table 2. This was led by Telecommunication with a 33.45% decrease, from US$ 134.65 million to US$ 89.60 million, followed by Control and Instrumentation (32.48%), Office Equipment (14.89%), Electronic Data Processing (14.84%), Medical/Industrial Instrumentation (10.70%), Consumer Electronics (4.24%), and Communication/Radar (1.51%). Please see Table 2.
Automotive Electronics increased by 56.10%, from US$ 7.11 million to US$ 11.10 million, followed by Components/Devices (Semiconductors) (5.01%). Kindly refer to Table 2.
B. PH Electronics Exports: (Year-on-Year)
The Philippine Electronics exports grew by 0.71 %, from US$ 3.90 billion in December 2020 to US$ 3.92 billion in December 2021, as shown in Fig. 2.
Exports in four (4) sectors increased, led by Telecommunication at 183.97%, from US$ 31.55 million in December 2020 to US$ 89.60 million in December 2021. This was followed by Automotive Electronics (39.01%), Office Equipment (29.70%), Components/Devices (Semiconductors) (1.61%).
Meanwhile, Control and Instrumentation reduced the most by 30.45%, from US$ 65.06 million to US$ 45.25 million. This was followed by Medical/Industrial Instrumentation (19.75%), Consumer Electronics (17.46%), Communication/Radar (5.83%) and Electronic Data Processing (1.30%)
Fig. 2: PH Electronics Exports (December 2020 vs. December 2021)
C. PH Electronics Exports (Year-to-Date)
Fig. 3: PH Electronics Exports (January-December 2020 vs. January- December 2021)
Total electronics exports climbed by 12.90%, from US$ 40.67 billion in 2020 to US$ 45.92 billion in 2021. This was 61.52% of the total Philippine exports (See Fig. 3.).
Exports from seven (7) electronics sectors from last year’s YTD figures, led by Telecommunication at 138.04%, from US$ 304.65 million last year to US$ 725.19 million this year. This was followed by Medical/Industrial Instrumentation (37.49%), Electronic Data Processing (29.51%), Consumer Electronics (19.45%), Office Equipment (19.32%), Control and Instrumentation (12.92%), and Components/Devices (Semiconductors) (7.37%). See Table 3.
Meanwhile, exports in Automotive Electronics dropped by 42.95%, from US$ 167.91 million to US$ 95.80 million. This was followed by Communication/Radar (7.67%). See Table 3.
COUNTRIES OF DESTINATION DECEMBER 2021)
Table 1 shows the top five (5) export destinations in November 2021, namely, Hong Kong (20.08%), USA (13.82%), China (12.45%), Singapore (7.23%), and Japan (7.23%).
Table 1: Top 5 Destination Countries for Electronics (November 2021 vs December 2021)
Other destinations in the top ten were Germany (4.64%), Taiwan (4.19%), Thailand (3.10%), Vietnam (2.84%), and the Netherlands (2.71%).
Fig. 4: Top Exported Products, December 2021
The top exported electronics products in December 2021 are seen in Fig. 4. Semiconductor devices bound for the USA increased by 31.75%. On the other hand, other products under EDP bound for Thailand dropped by 33.40%. See Table 4.
Table 2: PH Electronics Exports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Top Electronics Export Products by Sector (Year-to-date)
Table 4: PH Top Electronics Export Products and Countries of Destination
