JANUARY 2022 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The Electronics Industry remains as the country’s top exporter for the month of January, accounting for US$ 3.77 billion of US$ 6.04 billion, or 62.4% of the total Philippine commodity exports.

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

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Fig. 1: PH Electronics Exports (December 2021 vs January 2022)

Electronics exports declined by 3.93%, from US$ 3.93 billion in December 2021 to US$ 3.77 billion in January 2022. See Fig. 1.

Exports in four (4) sectors went down as shown in Table 2. This was led by  Electronic Data Processing with a 10.79% decrease, from US$ 568.85 million to US$ 507.48 million, followed by Communication/Radar (9.88%), Telecommunication (5.78%), and Semiconductor Components/Devices (4.97%). Please see Table 2.

Control and Instrumentation increased by 40.68%, from US$ 45.24 million to US$ 63.65 million, followed by Automotive Electronics (32.15%), Consumer Electronics (18.58%), Office Equipment (16.67%), and Medical/Industrial Instrumentation (4.62%).  Kindly refer to Table 2.

 


 

 

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

The Philippine Electronics exports increased by 6.27 %, from US$ 3.55 billion in January 2021 to US$ 3.77 billion in January 2022, as shown in Fig. 2.

Exports in five (5) sectors grew, led by Telecommunication at 211.22%, from US$ 27.160 million in January 2021 to US$ 84.53 million in January 2022. This was followed by Automotive Electronics (82.06%), Office Equipment (40.15%), Control and Instrumentation (14.86%), and Semiconductors Components/Devices (10.49%).

Meanwhile, Medical/Industrial Instrumentation declined by 24.08%, from US$ 23.34 million to US$ 17.72 million, followed by Communication/Radar (18.27%), Electronic Data Processing (8.98%), and Consumer Electronics (8.88%)

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Fig. 2: PH Electronics Exports (January 2021 vs January 2022)


COUNTRIES OF DESTINATION (JANUARY 2022)

Table 1 shows the top five (5) export destinations in January 2022, namely, Hong Kong (17.83%), USA (13.86%), China (12.13%), Singapore (9.58%), and Japan (7.78%).

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Table 1: Top 5 Destination Countries for Electronics (December 2021 vs January 2022)

Other destinations in the top ten were Germany (4.92%), Taiwan (4.22%), Thailand (3.73%), the Netherlands (2.69%), and South Korea (2.68%).

 


 

 

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Fig. 4: Top Exported Products, January 2022

The top exported electronics products in January 2022 are seen in Fig. 4. Other products under EDP bound for Thailand increased by 49.09%. On the other hand, semiconductor devices bound for the USA dropped by 19.52%. See Table 4.

 


 

 

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

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Table 3: PH Top Electronics Export Products and Countries of Destination

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