MARCH 2021 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The electronics industry continued to be the country’s top exporter in March 2021 with US$ 3.90 billion, an increase of 20% from the previous month. This was 58.4% of the US$ 6.68 billion total Philippine exports for the month.

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

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Fig. 1: PH Electronics Exports ( February 2021 vs March 2021)

Electronics exports grew by 20% from US$ 3.26 billion in February 2021 to US$ 3.90 billion in February 2021 (see Fig. 1).

Exports in six sectors increased as shown in Table 2. Components/Devices (Semiconductors) had the largest growth at 27% from US$ 2.15 billion to US$ 2.73 billion. This was followed by Office Equipment (22.30%), Consumer Electronics (22.29%), Communication/Radar (14.47%), Electronic Data Processing (EDP) (8.55%), and Medical/Industrial Instrumentation (1.33%). Please see Table 2.

Control and Instrumentation significantly decreased at 94.4% from US$ 55.85 million to US$ 3.12 million, followed by Telecommunication (12%) and Automotive Electronics (3.1%).  Kindly refer to Table 2.


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

The Philippine Electronics exports rose by 25%, from US$ 3.11 billion in March 2020 to US$ 3.90 billion in March 2021, as shown in Fig. 2.

Exports in most sectors grew, led by Medical/ Industrial Instrumentation with 115% from US$ 10.86 million last year to US$ 23.36 million this year. It was followed by Consumer Electronics (95.52%), Office Equipment (75.77%), EDP (52.70%), Communication/Radar (30.30%), Components/Devices (Semiconductors) (21.30%), and Telecommunication (2.64%).

Control and instrumentation declined by 94.70% and Automotive Electronics by 51.42%. See Table 2.

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Fig. 2: PH Electronics Exports (March 2020 vs. March 2021)


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

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

Total electronics exports increased by 8.9%, from US$ 9.84 billion in 2020 to US$ 10.72 billion in 2021. This translated to 61% of the total Philippine exports (see Fig. 3).

Six out of nine sectors grew from last year’s YTD figures led by Medical/ Industrial Instrumentation at 97.4%, from US$ 35.34 million in March 2020 to US$ 69.75 million in March 2021. This was followed by Consumer Electronics (43.77%), EDP (26.36%), Office Equipment (7.25%), Components/ Devices (4.97%), and Cimmunication/ Radar (3.14%). See Table 3.

Exports in three sectors declined with the highest contraction in Automotive Electronics at 57.77%, followed by Control and Instrumentation (25.83%), and Telecommunication (4.34%). Also see Table 3.


COUNTRIES OF DESTINATION (MARCH 2021)

As shown in Table 1, the top five (5) countries of destination in March 2021 were Hong Kong (19.28%), USA (13.37%), China (12.08%), Singapore (7.63%), and Japan (7.47%).

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Table 1: Top 5 Destination Countries for Electronics (February 2021 vs March 2021)


Other destinations in the top ten are Germany (5.72%), Taiwan (4.10%), Thailand (3.43%), Netherlands (3.30%), and Malaysia (2.78%).

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Fig. 4: Top Exported Products,  March 2021

The top exported electronics products in March 2021 are seen in fig. 4. Wafers bound for Singapore increased by 52.24%; however, hard disk drives bound for USA contracted by (17.66%). 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 Electronics Exports Product by Sector (Year-to-date)

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 Table 4: PH Top Electronics Export Products and Countries of Destination

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