OCTOBER 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports increased by 2.02%, from US$ 2.80 billion in September 2021 to US$ 2.85 billion in October 2021. This was 27.37% of the total Philippine imports of US$ 10.43 billion.

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

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Fig. 1: PH Electronics Imports (September 2021 vs October 2021)

The country’s electronics imports grew by 2.02%,   from US$ 2.80 billion in September 2021 to US$ 2.85 billion in October 2021 (See Fig. 1).

Imports in six out of nine sectors rose, as shown in Table 2. Consumer Electronics went up by 10.38%, from US$ 99.60 million in September 2021 to US$ 109.94 million in October 2021. This was followed by Communication/ Radar (10.08%), Electronic Data Processing (3.86%), Components/Devices (Semiconductors) (3.11%), Office Equipment (2.58%) and Telecommunication (0.01%).

Meanwhile, three sectors declined, led by Medical/Industrial Instrumentation with a 54.11% decrease, followed by Control and Instrumentation (32.29%) and Automotive Electronics (28.84%) (See Table 2.).

 


 

 

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

 The electronics imports rose by 11.96%, from US$ 2.55 billion in October of 2020 to US$ 2.85 billion in October 2021, as shown in Fig. 2.

Electronics imports in four sectors went up, led by Medical/Industrial Instrumentation at 33.23%, from US$ 9.17 million in October 2020 to US$ 12.22 million in October 2021. This was followed by Components/Devices (Semiconductors) (22.27%), Control and Instrumentation (20.46%), and Consumer Electronics (14.57%), as shown in Table 2.

Five sectors contracted, namely Automotive Electronics (39.74%), Communication/Radar (26.64%), Office Equipment (16.72%), Electronic Data Processing (10.19%), and Telecommunication (3.91%).

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


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

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

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

Year-to-date electronics imports increased by 20.18%, from US$ 21.69 billion last year to US$ 26.07 billion this year. These comprised 27.3% of the total Philippine commodity imports YTD (See Fig. 3.).

Imports from seven out of nine electronics sectors rose, led by Control and Instrumentation (51.08%),  from US$ 410.40 million to US$ 620.05 million. This was followed by Telecommunication (36.14%), Electronic Data Processing (29.11%), Consumer Electronics (27.20%), Medical/Industrial Instrumentation (26.60%), Components/Devices (Semiconductors) (17.79%) and Communication/Radar (0.41%).

On the other hand, Automotive Electronics went down by 7.51%, followed by Office Equipment (6.92%).

 


 

 

COUNTRIES OF ORIGIN (OCTOBER 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in October 2021 were China (19.95%), Korea (15.47%), Japan (14.55%), Taiwan (12.54%) and Singapore (9.81).

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Table 1: Top 5 Countries of Origin for Electronics Imports (September 2021 vs October 2021)


The rest of the top ten countries of origin were USA (6.67%), Hong Kong (6.51%), Thailand (3.15%), Malaysia (3.08%), and Vietnam (2.39%).

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Fig. 4: Top Imported Products (October 2021)

Fig. 4 shows the top imported electronics products in October 2021.  Laptops imported from China rose by 39.13%. Meanwhile, other electronics under EDP imported from China dropped by 41.99%. 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 Imports Product by Sector (Year-to-date)

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

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