A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (July 2024 vs August 2024)
Electronics exports went up from US$ 3.57 billion in July 2024 to US$ 3.88 billion in August 2024, as shown in Fig. 1.
Exports in three (3) sectors improved as shown in Table 2. This was led by Semiconductor Components/Devices at 13.46%, from US$ 2.37 million to US$ 2.69 million. It was followed by Consumer Electronics (9.73%), and Electronic Data Processing (6.28%).
Medical/Industrial Instrumentation declined by 47.46%, from US$ 50.08 million to US$ 26.31 million. It was followed by Control and Instrumentation (13.29%), Communication/Radar (9.85%), Telecommunication (4.26%), Office Equipment (3.46%), and Automotive Electronics (1.68%).
The Philippine Electronics exports decrease by 8.13%, from US$ 4.22 billion in August 2023 to US$ 3.88 billion in August 2024, as shown in Fig. 2.
Exports in four (4) sectors contracted, led by Office Equipment at 22.35%, from US$ 30.93 million to US$ 24.01 million. It was followed by Semiconductor Components/Devices (13.82%), Communication/Radar (13.15%), and Control and Instrumentation (1.22%).
Meanwhile, Consumer Electronics rose by 68.83%, from US$ 75.18 million to US$ 126.92 million. This was followed by Automotive Electronics (48.20%), Electronic Data Processing (16.75%), Medical/Industrial Instrumentation (10.44%), and Telecommunication (2.86%). Kindly refer to Table 2.
Fig. 2: PH Electronics Exports (August 2023 vs August 2024)
Fig. 3: PH Electronics Exports (January – August 2023 vs. January – August 2024)
Year-to-date electronics exports increased by 0.26%, from US$ 29.71 billion in 2023 to US$ 29.79 billion in 2024, which is equivalent to 60.29% of the total Philippine exports. Please see Fig. 3.
Exports from six (6) sectors went up from last year’s YTD figures, led by Automotive Electronics at 73.69%, from US$ 25.01 million to US$ 43.44 million. This was followed by Medical Industrial Instrumentation (43.55%), Electronic Data Processing (26.78%), Consumer Electronics (22.72%), Telecommunication (15.67%), and Control and Instrumentation (6.49%). Please see Table 3.
Office Equipment went down by 14.47%, from US$ 233.07 million to US$ 199.35 million. It was followed by Communication/Radar (8.26%), and Semiconductor Components/Devices (3.57%).
COUNTRIES OF DESTINATION (AUGUST 2024)
Table 1 shows the top five (5) export destinations in August 2024, namely, Hong Kong (20.22%), the USA (16.37%), China (8.87%), Japan (6.58%), and Singapore (5.58%).
Table 1: Top 5 Destination Countries for Electronics Exports July 2024 vs August 2024)
The other destinations in the top ten were Taiwan (5.21%), Germany (4.81%), the Netherlands (4.59%), Thailand (3.72%), and South Korea (3.49%).
Fig. 4: Top Exported Products, August 2024
The top exported electronics products in August 2024 are in Fig. 4. Hard disk drives under electronic data processing bound for the USA rose by 72.10%. Meanwhile, Electronic Integrated Circuits – processors and controllers bound for Hong Kong contracted by 6.00%. 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
