MARCH 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics Imports for the month of March increased by 13% from US$ 2.21 billion to US$ 2.50 billion. This was 27.5% of the total Philippine imports.

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

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

Electronics imports increased by 13%, from US$ 2.21 billion in February 2021 to US$ 2.50 billion in March 2021 (see Fig. 1).

The growth in most imports is shown in Table 2. Medical/Industrial Instrumentation had the highest increase with 57%, from US$ 13.73 million in February 2021 to US$ 21.54 million in March 2021. This was followed by Control and Instrumentation (45.86%), Telecommunication (42.73%), Communication/ Radar (21.69%), Consumer Electronics (16.58%), Electronic Data Processing (EDP) (16.16%), Components/Devices (Semiconductors) (8.43%), and Office Equipment (1.32%).

On the other hand, Automotive Electronics contracted by 29.76%, from US$ 3.82 million to US$ 2.69 million. Please see Table 2.


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

The country’s electronics imports grew by 19%, from US$ 2.10 billion in March of 2020 to US$ 2.50 billion in March 2021, as shown in Fig. 2.

Imports in seven sectors increased, led by Control and Instrumentation at 68.13%, from US$ 39.13 million to US$ 65.79 million. This was followed by  EDP (39.61%), Consumer Electronics (38.71%), Medical and Instrumentation (37.08%), Telecommunication (18.25%), Components/Devices (Semiconductors) (14.48%), and Communication/Radar (4.14%), as shown in Table 2.

Automotive Electronics declined by 34.61% as with Office equipment by 9.25%. Kindly refer to Table 2.

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


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

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

Overall YTD electronics imports increased by 9%, from US$ 6.54 billion last year to US$ 7.15 billion this year. This comprised 28% of the total Philippine commodity imports YTD (see Fig. 3).
Six out of nine sectors grew, led by EDP (28%) from US$ 851.28 million to US$ 1.09 billion. This was followed by Control and Instrumentation (27.25%), Communication/Radar (24.32%), Consumer Electronics (8.68%), Components/Devices (Semiconductors) (5.57%), and Telecommunication (0.66%).

Communication/ Radar (38.2%) from $164.58 million to $227.44 million. EDP also grew at

Imports in three sectors declined namely: Office Equipment (16.23%), Automotive Electronics (9.55%), and Medical/ Industrial (4.11%). Please see Table 3.

 


 

 

COUNTRIES OF ORIGIN (MARCH 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in March 2021 were China (22.29%), Taiwan (12.73%), Japan (12.05%), Korea (11.91%), and Singapore (9.32%).

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

The rest of the top ten countries of origin were USA (7.35%), Hong Kong (5.38%), Malaysia (3.97%), Thailand (3.43%), and Vietnam (2.53%).


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Fig. 4: Top Imported Products (March 2021)

The top imported electronics products in March 2021 are seen in fig. 4.  Other electronics under EDP imported from China increased by 57.86%. However, the same products imported from Hong Kong decreased by 23.53%. 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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