SEPTEMBER 2022 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports in September 2022 reached US$ 2.98 billion, or 24.88% of the country’s US$ 11.98 billion total commodity imports for the month.

 

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

 

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Fig. 1: PH Electronics Imports (August 2022 vs September 2022)

The country’s electronics imports increased by 3.18% from US$ 2.89 billion in August 2022 to US$ 2.98 billion in September 2022 (See Fig. 1).

Imports in Automotive Electronics went up by 22.59%, from US$ 4.20 million to US$ 5.14 million. This was followed by Office Equipment (10.39%), Semiconductor Components/Devices (8.49%), and Medical/Industrial Instrumentation (0.99%).

Meanwhile, Consumer Electronics declined by 16.08%, followed by Control and Instrumentation (15.92%), Electronic Data Processing (12.07%), Communication/ Radar (11.15%), and Telecommunication (7.04%). (See Table 2).


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

The electronics imports grew by 6.50%, from US$ 2.80 billion in September 2021 to US$ 2.98 billion in September 2022, as shown in Fig. 2.

Electronics imports in four (4) sectors in increased, led by Automotive Electronics at 53.31%, from US$ 3.36 million to US$ 5.14 million. This was followed by Communication/ Radar (33.76%), Semiconductor Components/Devices (16.36%), and Office Equipment (14.01%), as shown in Table 2.

Five (5) sectors declined, namely Electronic Data Processing (22.53%), Medical/Industrial Instrumentation (28.56%), Telecommunication (16.68%), Control and Instrumentation (7.70%), and Consumer Electronics (5.70%).

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Fig. 2: PH Electronics Imports (September 2021 vs September 2022)


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

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Fig. 3: PH Electronics Exports (January – September 2021 vs. January – September 2022)

Cumulative electronics imports grew by 7.39%, from US$ 23.22 billion last year to US$ 24.93 billion this year. These comprised 23.75% of the total Philippine commodity imports YTD (See Fig. 3.).

Imports for seven (7) out of nine (9) electronics sectors went up, led by Control and Instrumentation from US$ 570.85 million to US$ 674.88 million (18.22%). This was followed by Semiconductor Components/Devices (13.29%), Automotive Electronics (11.70%), Communication/Radar (8.03%), Consumer Electronics (3.76%), Telecommunication (0.72%), and Medical/Industrial Instrumentation (0.49%).

On the other hand, Electronic Data Processing went down by 17.89%, followed by Office Equipment (8.75%).


COUNTRIES OF ORIGIN (SEPTEMBER 2022)

Table 1 shows that the top five (5) countries of origin of electronics imports in September 2022 were China (20.75%), Japan (12.90%), Taiwan (12.81%), South Korea (12.30%), and Singapore (11.31%).

 

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Table 1: Top 5 Countries of Origin for Electronics Imports (August 2022 vs September 2022)


The rest of the top ten countries of origin were the USA (6.72%), Hong Kong (6.29%), Malaysia (4.83%), Thailand (3.28%), and Vietnam (2.24%).

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Fig. 4: Top Imported Products (September 2022)

Fig. 4 shows the top imported electronics products in September 2022. Materials and accessories for the manufacture of semiconductor devices imported from South Korea increased by 29.64%. Meanwhile, Parts and accessories of data processing machines under electronic data processing imported from Hong Kong dropped by 37.98%. 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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