SEPTEMBER 2023 PHILIPPINE ELECTRONICS IMPORT PERFORMANCE

Electronics imports in September 2023 decreased by 2.05% to US$ 2.20 billion, which is 21.45% of the country’s US$ 10.24 billion total commodity imports.

Fig. 1: PH Electronics Imports

(August 2023 vs September 2023)

The country’s electronics imports decreased by 2.05% from US$ 2.24 billion in August 2023 to US$ 2.20 billion in September 2023. See Fig. 1.

 

Imports in four (4) electronics sectors went down. This was led by Medical/Industrial Instrumentation at 26.02%, from US$ 25.04 million to US$ 18.52 million, followed by Office Equipment (16.63%), Communication/Radar (16.62%), and Semiconductor Components/Devices (3.21%).

 

Meanwhile, imports from five (5) went up, namely Automotive Electronics (13.77%), Electronic Data Processing (9.72%), Telecommunication (7.41%), Control and Instrumentation (4.65%), and Consumer Electronics (0.23%).

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

The electronics imports declined by 25.61%, from US$ 2.95 billion in September 2022 to US$ 2.20 billion in September 2023, as shown in Fig. 2.

 

Electronics imports in five (5) sectors contracted, led by Semiconductor Components/Devices at 31.85%, from US$ 2.24 billion to US$ 1.53 billion. It was followed by Electronic Data Processing (24.84%), Office Equipment (19.64%), Communication/Radar (11.28%), and Medical/Industrial Instrumentation (5.11%), as shown in Table 2.

 

Four (4) sectors went up, namely, Control and Instrumentation (39.24%), Telecommunication (17.28%), Automotive Electronics (0.23%), and Consumer Electronics (0.15%).

Fig. 2: PH Electronics Imports (September 2022 vs September 2023)

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

Fig. 3: PH Electronics Exports (January – September 2022 vs January – September 2023)

Cumulative electronics imports decreased by 19.31%, from US$ 24.91 billion last year to US$ 20.10 billion this year. These comprised 21.30% of the total Philippine commodity imports YTD (See Fig. 3.).

 

Imports for four (4) out of nine (9) electronics sectors decreased, led by Electronic Data Processing (37.08%) from US$ 2.86 billion to US$ 1.80 billion. This was followed by Semiconductor Components/Devices (20.46%), Consumer Electronics (14.84%), and Telecommunication (14.54%).

 

On the other hand, Office Equipment rose by 37.30%, from US$ 123.39 million to US$ 169.42 million. It was followed by Medical/Industrial Instrumentation (22.89%), Automotive Electronics (14.37%), Control and Instrumentation (13.88%), and Communication/Radar (7.67%). Kindly refer to Table 3

COUNTRIES OF ORIGIN (SEPTEMBER 2023

Table 1 shows that the top five (5) countries of origin of electronics imports in September 2023 were China (21.89%), Japan (13.84%), South Korea (11.20%), Taiwan (10.53%), and the USA (9.13%).

Table 1: Top 5 Countries of Origin for Electronics Imports

(August 2023 vs September 2023)

The rest of the top ten countries of origin were Singapore (7.63%), Malaysia (6.00%), Hong Kong (5.38%), Thailand (3.24%), and Vietnam (2.17%).

Fig. 4: Top Imported Products (September 2023)

Fig. 4 shows the top imported electronics products in September 2023. Parts and accessories of data processing machines under EDP imported from Hong Kong increased by 18.42%. Integrated Circuits imported from Taiwan decreased by 24.04%.  See Table 3

 

Table 2: PH Electronics Imports Product by Sector (Month-on-Month and Year-on-Year)

 

Table 3: PH Electronics Imports Product by Sector (Year-to-date)

 

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

 

 

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