DECEMBER 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Total electronics imports in 2021 reached US$ 31.74 billion or 26.94% of the country’s US$ 117.78 billion total commodity imports of the year.

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

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Fig. 1: PH Electronics Imports (November 2021 vs December 2021)

The country’s electronics imports dropped by 7.63%, from US$ 2.94 billion in November 2021 to US$ 2.71 billion in December 2021 (See Fig. 1).

Imports in six (6) out of nine (9) sectors contracted, as shown in Table 2. Communication/Radar had the largest decrease at 32.14%, from US$ 162.05 million in November 2021 to US$ 109.97 million in December 2021. This was followed by Consumer Electronics (19.76%), Electronic Data Processing (18.90%), Telecommunication (17.85%), Control and Instrumentation (11.37%), and Components/Devices (Semiconductors) (1.25%).

Meanwhile, Automotive Electronics (8.99%), Office Equipment (2.64%), and Medical/Industrial Instrumentation (0.76%) increased (See Table 2).

 


 

 

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

The electronics imports rose by 15.09%, from US$ 2.36 billion in December 2020 to US$ 2.71 billion in December 2021, as shown in Fig. 2.

Electronics imports in five (5) sectors increased, led by Control and Instrumentation at 43.99%, from US$ 44.86 million in December 2020 to US$ 64.60 million in December 2021. This was followed by Medical/Industrial Instrumentation (33.81%), Office Equipment (26.71%), Components/Devices (Semiconductors) (22.37%), and Electronic Data Processing (7.44%) as shown in Table 2.

Four (4) sectors declined, namely Automotive Electronics (33.51%), Communication/Radar (19.24%), Telecommunication (11.94%), and Consumer Electronics (2.38%).

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


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

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

Cumulative electronics imports went up by 19.12%, from US$ 26.64 billion last year to US$ 31.74 billion this year. These comprised 26.94% of the total Philippine commodity imports YTD (See Fig. 3.).

Imports for six (6) out of nine (9) electronics sectors rose, led by Control and Instrumentation (53.08%), from US$ 495.74 million to US$ 758.86 million. This was followed by Medical/Industrial Instrumentation (26.82%), Telecommunication (26.67%), Electronic Data Processing (24.40%), Consumer Electronics (22.45%), and Components/Devices (Semiconductors) (18.13%).

Three (3) out of nine (9) sectors decreased, namely Automotive Electronics (12.63%), Office Equipment (4.28%), and Communication/Radar (2.01%).


COUNTRIES OF ORIGIN (DECEMBER 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in December 2021 were China (21.00%), Korea (13.97%), Taiwan (13.17%), Japan (13.05%), and Singapore (9.77%).

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Table 1: Top 5 Countries of Origin for Electronics Imports (November 2021 vs December 2021)


The rest of the top ten countries of origin were Hong Kong (6.09%), USA (6.65%), Malaysia (3.45%), Thailand (3.34%), and Vietnam (2.63%).

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Fig. 4: Top Imported Products (December 2021)

Fig. 4 shows the top imported electronics products in December 2021.  Other electronics under EDP imported from Japan rose by 11.19%. Meanwhile, other electronics imported from China dropped by 55.39%. 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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