MAY 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics Imports in May 2021 reached US$ 2.39 billion or 28% of the country’s US$ 8.65 billion total commodity imports for the month.

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

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

Electronics imports decreased by 5%,   from US$ 2.52 billion in April 2021 to US$ 2.39 billion in May 2021 (see Fig. 1).

Imports in six sectors contracted as shown in Table 2. Medical and Instrumentation had the largest decrease with 26.5%, from US$ 18.36 million in April 2021 to US$ 13.49 million in May 2021. This was followed by Office Equipment (23.71%), Communication/Radar (20.71%) Electronic Data Processing (EDP) (16.05%), Control and Instrumentation (8.93%), and Components/Devices (Semiconductors) (2.85%). Please see Table 2.

On the other hand, Automotive Electronics (9.84%), Consumer Electronics (12.33%) and Telecommunication (12.61%) increased.


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

The country’s electronics imports rose by 31%, from US$ 1.83 billion in May of 2020 to US$ 2.39 billion in May 2021, as shown in Fig. 2.

Electronics imports in all sectors increased, led by  Consumer Electronics at 223%, from US$ 29.56 million to US$ 95.49 million. This was followed by  Telecommunication (113.42%), Medical/Instrumentation (70.17%), Automotive Electronics (57.91%), EDP (51.34%), Communication/ Radar (37.43%), Control and Instrumentation (27.35%), Components/ Devices (Semiconductors) (19.52%), and Office Equipment (16.10%) as shown in Table 2.

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


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

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

Cumulative electronics imports increased by 25%, from US$ 9.71 billion last year to US$ 12.12 billion this year. These comprised 28% of the total Philippine commodity imports YTD (see Fig. 3).

All sectors in electronics imports grew, led by EDP (53%),  from US$ 1.20 billion to US$ 1.84 billion. This was followed by Consumer Electronics (46.54%), Control and Instrumentation (43.02%), Telecommunication (38.03%), Communication/Radar (32.32%), Medical and Instrumentation (30.11%),  Components/Devices (Semiconductors) (17.57%), Automotive Electronics (14.72%), and Office Equipment (8.59%). Please see Table 3.


COUNTRIES OF ORIGIN (MAY 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in May 2021 were China (20.91%), Korea (13.20%), Taiwan (12.25%), Japan (12.19%), and Singapore (9.18%).

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


The rest of the top ten countries of origin were USA (8.26%), Hong Kong (7.65%), Thailand (3.87%), Malaysia (3.31%), and Vietnam (2.05%).

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Fig. 4: Top Imported Products (May 2021)

The top imported electronics products in May 2021 are seen in fig. 4.  Other electronics under Semiconductor devices imported from Korea increased by 46.14%. However, other electronics under EDP imported from China decreased by 35.86%. 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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