SEPTEMBER 2021 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

September Electronics Imports contracted by 0.09%, from US$ 2.798 billion last month to US$ 2.796 billion. This was 26.20% of the total Philippine imports of US$ 10.67 billion.

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

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

The country’s electronics imports decreased by 0.09%,   from US$ 2.798 billion in August 2021 to US$ 2.796 billion in September 2021 (See Fig. 1).

Imports in three out of nine sectors dropped, as shown in Table 2. Telecommunication went down by 11.17%, from US$ 148.25 million in August 2021 to US$ 131.69 million in September 2021. This was followed by Control and Instrumentation (26.60%), Electronic Data Processing (3.27%) and Components/Devices (Semiconductors) (1.19%).

However, six sectors increased, led by Medical/Industrial Instrumentation with a 31.53% increase, followed by Communication/Radar (23.34%), Consumer Electronics (20.84%), Control and Instrumentation (18.84%), Automotive Electronics (18.23%) and Office Equipment  (2.48%) (See Table 2.).


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

The electronics imports increased by 11.54%, from US$ 2.507 billion in September of 2020 to US$ 2.796 billion in September 2021, as shown in Fig. 2.

Electronics imports in four sectors rose, led by Medical/Industrial Instrumentation at 91.44%, from US$ 13.83 million in September 2020 to US$ 26.47 million in September 2021. This was followed by Control and Instrumentation (64.17%), Components/Devices (Semiconductors) (16.67%), and Telecommunication (7.30%), as shown in Table 2.

Five sectors declined, namely Office Equipment (36.72%), Communication/Radar (13.92%), Consumer Electronics (13.92%), Automotive Electronics (8.26%) and Electronic Data Processing (0.83%).

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


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

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

Year-to-date electronics imports rose by 21.27%, from US$ 19.14 billion last year to US$ 23.22 billion this year. These comprised 27.36% of the total Philippine commodity imports YTD (See Fig. 3.).

Imports from seven out of nine electronics sectors increased, led by Control and Instrumentation (54.30%),  from US$ 369.43 million to US$ 570.02 million. This was followed by Telecommunication (42.96%), Electronic Data Processing (36.40%), Consumer Electronics (29.05%), Medical/Industrial Instrumentation (25.89%), Components /Devices (Semiconductors) (17.22%), and Communication/ Radar (4.49%).

However, Office Equipment dropped by 5.98%, followed by Automotive Electronics (3.72%).


COUNTRIES OF ORIGIN (SEPTEMBER 2021)

Table 1 shows that the top five (5) countries of origin of electronics imports in September 2021 were China (21.51%), Korea (15.92%), Taiwan (12.90%), Japan (12.38%), and Singapore (8.14%).

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

The rest of the top ten countries of origin were Hong Kong (7.73%), USA (6.93%), Malaysia (3.48%) Thailand (2.89%) and Vietnam (2.08%).


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Fig. 4: Top Imported Products (September 2021)

Fig. 4 shows the top imported electronics products in September 2021.  Other electronics under EDP imported from China rose by 13.62%. However, other electronics under Components/Devices (Semiconductors) imported from China dropped by 18.31%. 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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