FEBRUARY 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics Imports in February 2021 reached US$ 2.12 billion or 27.9 % of the country’s US$ 7.60 billion total commodity imports for the month.

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

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Fig. 1: PH Electronics Imports (January 2021 vs February 2021)

Electronics imports decreased by 13.1%, from US$ 2.44 billion in January 2021 to US$ 2.12 billion in February 2021 (see Fig. 1).

The decline in imports in seven sectors is shown in Table 2. Automotive Electronics had the highest contraction with 29.9%, from US$ 4.91 million in January 2021 to US$ 3.44 million in February 2021. This was followed by Communication/ Radar (24.20%), Electronic Data Processing (EDP) (21.69%), Control and Instrumentation (20.78%), Telecommunication (17.30%), Consumer Electronics (12.91%), and Components/Devices (Semiconductors) (10.18%).

On the other hand, Medical/Industrial Instrumentation increased by 27.04%, as with Office equipment by 13.33%. Please see Table 2.

 


 

 

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

The country’s electronics imports grew by 3.65%, from US$ 2.04 billion in February of 2020 to US$ 2.12 billion in February 2021, as shown in Fig. 2.

Imports in most of the sectors increased, led by Telecommunication at 38%, from US$ 61.69 million to US$ 85.16 million. This was followed by  Communication/ Radar (25.34%), Consumer Electronics (24.74%), EDP (24.30%), Automotive Electronics (12.39%), and Control and Instrumentation (0.19%) as shown in Table 2.

Three sectors trended down, namely: Medical/ Industrial Instrumentation (16.24%), Components/ Devices (Semiconductors) (2.69%), and Office Equipment (1.88%). Kindly refer to Table 2.

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


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

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

Overall YTD electronics imports increased by 2.7%, from US$ 4.44 billion last year to US$ 4.56 billion this year. This comprises 28.5% of the total Philippine commodity imports YTD (see Fig. 3).

Three sectors grew led by Communication/ Radar (38.2%) from $164.58 million to $227.44 million. EDP also grew at 19.19% and Control and Instrumentation at 6.41%, shown in Table 3.

Imports in six sectors declined namely: Medical/ Industrial Instrumentation (28.13%), Office Equipment (24.05%), Telecommunication (10.73%), Consumer Electronics (5.92%), Automotive Electronics (1.93%), and Components/Devices (Semiconductors) (0.33%). Please see Table 3.


COUNTRIES OF ORIGIN (FEBRUARY 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in February 2021 were China (20.44%), Korea (13.45%), Taiwan (12.30%), Japan (11.82%), and Singapore (9.95%).

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Table 1: Top 5 Countries of Origin for Electronics Imports (January    2021 vs February 2021)


The rest of the top ten countries of origin were USA (7.36%), Hong Kong (7.33%), Thailand (3.73%), Malaysia (3.49%), and Germany (2.62%).

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Fig. 4: Top Imported Products (February 2021)

The top imported electronic products in February 2021 are seen in fig. 4.  Other electronics under EDP imported from Japan increased by 23.92%. However, laptops imported from China decreased by 15.67%. 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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