JUNE 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics Imports for the month of June increased by 1.2% from US$ 2.46 billion to US$ 2.49 billion. This was 27% of the total Philippine imports of US$ 9.33 billion.

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

Picture1Fig. 1: PH Electronics Imports (May 2021 vs June 2021)

The country’s electronics imports increased by 1.2%,   from US$ 2.46 billion in May 2021 to US$ 2.49 billion in June 2021 (see Fig. 1).

Four out of nine sectors grew, as shown in Table 2. Control and Instrumentation had the highest increase with 41.5%, from US$ 52.69 million in May 2021 to US$ 74.57 million in June 2021. It was followed by Consumer Electronics (11.52%), Telecommunication (10.91%), and  Office Equipment (0.42%).

On the other hand, Medical/Idustrial Instrumentation went down by 32%, from US$ 15.17 million to US$ 10.32 million. This was followed by Communication/Radar (11.21%), Automotive Electronics (7.94%), Electronic Data Processing (EDP) (0.38%), and Components/Devices (Semiconductors) (0.20%)


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

Electronics imports increased by 18%, from US$ 2.11 billion in June of 2020 to US$ 2.49 billion in June 2021, as shown in Fig. 2.

Electronics imports in six sectors went up, led by Telecommunication at 111.4%, from US$ 72.17 million to US$ 152.55 million. This was followed by  Consumer Electronics (100.79%), Control and Instrumentation (79.69%), EDP (29.31%), Automotive Electronics (19%), and Components/ Devices (Semiconductors) (10.85%) as shown in Table 2.

Three sectors contracted namely Medical/Instrumentation (48.31%), Communication/Radar (22.58%), and Office Equipment (10.61%).

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


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

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

Total electronics imports increased by 24.3%, from US$ 11.82 billion last year to US$ 14.69 billion this year. These comprised 27.5% of the total Philippine commodity imports YTD (see Fig. 3).

All sectors in electronics imports grew, led by Consumer Electronics (54.9%),  from US$ 362.21 million to US$ 561.16 million. This was followed by Control and Instrumentation (50.96%), Telecommunication (50.22%), EDP (49.94%), Communication/Radar (22.45%), Components/Devices (Semiconductors) (16.81%), Automotive Electronics (16.38%), Medical/Industrial  Instrumentation (12.69%), and Office Equipment (5.51%). Please see Table 3.


COUNTRIES OF ORIGIN (JUNE 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in June 2021 were China (22.24%), Korea (13.17%), Japan (13.02%), Taiwan (12.22%), and Singapore (9.72%).

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Table 1: Top 5 Countries of Origin for Electronics Imports ( May 2021 vs June 2021)


The rest of the top ten countries of origin were Hong Kong (7.44%), USA (6.88%), Malaysia (3.45%), Thailand (3.35%), and Germany (1.98%).

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Fig. 4: Top Imported Products (June 2021)

The top imported electronics products in June 2021 are seen in fig. 4.  Wafers and discs imported from Taiwan increased by 54.36%. However, other electronics under semiconductor devices imported from Korea decreased by 26.76%. 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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