MAY 2021 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

The electronics industry reached US$ 3.70 billion in May 2021, an increase of 6% from last month. This was 62.8% of the US$ 5.89 billion total Philippine exports for the month.

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

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Fig. 1: PH Electronics Exports (April 2021 vs May 2021)

Electronics exports grew by 6% from US$ 3.50 billion in April 2021 to US$ 3.70 billion in May 2021 (see Fig. 1).

Exports in four sectors increased as shown in Table 2. Control and Instrumentation had the largest increase at 42.7% from US$ 56.05 million to US$ 79.97 million. This was followed by  Communication/Radar (24.32%), Electronic Data Processing (EDP) (12.34%), and Components/ Devices (Semiconductors) (5.07%). Please see Table 2.

On the other hand, Automotive Electronics decreased by 36.5% from US$ 9.25 million in April to US$ 5.87 million in May, followed by Office Equipment (19.29%), Medical/Industrial Instrumentation (17.51%), Consumer Electronics (3.57%) and Telecommunication (2.26%). Kindly refer to Table 2.


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

The Philippine Electronics exports gained by 30.5%, from US$ 2.835 billion in May 2020 to US$ 3.70 billion in May 2021, as shown in Fig. 2.

Eight out of nine sectors grew, led by Medical/Industrial Instrumentation with an increase of 240% from US$ 4.73 million last year to US$ 16.08 million this year, followed by Consumer Electronics (216.21%), Office Equipment (120.53%), EDP (94.46%), Control and Instrumentation (76%), Communication/Radar (72.08%),  Telecommunication (36.19%) and Components/Devices (Semiconductors) (11.33%).

Automotive electronics went downward by 40% from US$ 9.76 million to US$ 5.87 million. See Table 2.

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


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

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

Total electronics exports increased by 22%, from US$ 14.70 billion in 2020 to US$ 17.99 billion in 2021. This was 61.3% of the total Philippine exports (see Fig. 3).

Electronics exports in most sectors rose from last year’s YTD figures, led by Medical/ Industrial Instrumentation at 155.1%, from US$ 42.5 million in May 2020 to US$ 108.43 million in May 2021. This was followed by Consumer Electronics (94.24%), EDP (56.78%), Office Equipment (35.96%), Control and Instrumentation (29.45%), Communication/ Radar (17.66%), Components/ Devices (11.98%)  and Telecommunication (10.32%). See Table 3.

Conversely, exports in Automotive Electronics decreased by 46.3% from US$ 73.33 million to US$ 39.36 million. See Table 3.


COUNTRIES OF DESTINATION (MAY 2021)

As shown in Table 1, the top five (5) countries of destination in May 2021 were Hong Kong (19.58%), USA (13.05%), China (12.72%), Singapore (8.06%), and Japan (6.84%).

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Table 1: Top 5 Destination Countries for Electronics (April 2021 vs May 2021)


Other destinations in the top ten are Germany (5.21%), Taiwan (4.76%), Thailand (4.14%), Korea (2.74%) and Netherlands (2.37%).

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Fig. 4: Top Exported Products,  May 2021

The top exported electronics products in May 2021 are seen in fig. 4. Hard disk drives for USA increased by 35.2%; however, wafers and discs bound for Singapore decreased by (0.29%). 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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