A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (May 2024 vs June 2024)
Electronics exports shrunk from US$ 3.86 billion in May 2024 to US$ 3.26 billion in June 2024, as shown in Fig. 1.
Exports in seven (7) sectors contracted as shown in Table 2. It was led by Communication/Radar at 32.45%, from US$ 49.68 million to US$ 33.56 million. This was followed by Medical/Industrial Instrumentation (27.42%), Electronic Data Processing (20.17%), Control and Instrumentation (18.74%), Semiconductor Components/Devices (15.73%), Telecommunication (13.06%), and Office Equipment (0.02%).
Automotive Electronics went up by 9.58%, from US$ 4.90 million to US$ 5.37 million. This was followed by Consumer Electronics (2.65%).
The Philippine Electronics exports decreased by 23.68%, from US$ 4.27 billion in June 2023 to US$ 3.26 billion in June 2024, as shown in Fig. 2.
Exports in four (4) sectors went down, led by Communication/Radar at 34.92%, from US$ 51.57 million to US$ 33.56 million. This was followed by Semiconductor Components/Devices (29.53%), Control and Instrumentation (20.17%), and Telecommunication (8.89%). Kindly refer to Table 2.
Meanwhile, Automotive Electronics increased the most by 25.72%, from US$ 4.27 million to US$ 5.37 million. It was followed by Consumer Electronics (14.47%), Electronic Data Processing (8.77%), Office Equipment (6.45%), and Medical/Industrial Instrumentation (1.36%).
Fig. 2: PH Electronics Exports (June 2023 vs June 2024)
Fig. 3: PH Electronics Exports (January – June 2023 vs. January – June 2024)
Year-to-date electronics exports improved by 3.95%, from US$ 21.49 billion in 2023 to US$ 22.34 billion in 2024, which is equivalent to 61.36% of the total Philippine exports. Please see Fig. 3.
Exports from seven (7) sectors rose from last year’s YTD figures, led by Automotive Electronics at 71.12%, from US$ 18.70 million to US$ 32.00 million. This was followed by Medical Industrial Instrumentation (35.85%), Electronic Data Processing (25.69%), Telecommunication (12.92%), Consumer Electronics (11.46%), Control and Instrumentation (5.59%), and Semiconductor Components/Devices (2.22%). Please see Table 3.
Office Equipment shrunk by 11.39%, from US$ 169.76 million to US$ 150.43 million. This was followed by Communication/Radar (8.88%).
COUNTRIES OF DESTINATION (JUNE 2024)
Table 1 shows the top five (5) export destinations in June 2024, namely, Hong Kong (24.01%), the USA (13.49%), China (9.73%), Japan (5.77%), and Singapore (5.52%).
Table 1: Top 5 Destination Countries for Electronics Exports (May 2024 vs June 2024)
The other destinations in the top ten were Taiwan (5.12%), Germany (4.46%), South Korea (4.09%), the Netherlands (3.62%), and Thailand (3.12%).
Fig. 4: Top Exported Products, June 2024
The top exported electronics products in June 2024 are in Fig. 4. Integrated Circuits bound for the Hong Kong increased by 26.11%. Meanwhile, Parts and accessories of data processing machines under electronic data processing bound for Thailand declined by 43.40%. See Table 4.
Table 2: PH Electronics Exports Product by Sector (Month-on-Month and Year-on-Year)
Table 3: PH Top Electronics Export Products by Sector (Year-to-date)
Table 4: PH Top Electronics Export Products and Countries of Destination
