A. PH Electronics Exports: (Month-on-Month)
Fig. 1: PH Electronics Exports (November 2024 vs December 2024)
Electronics exports remained relatively flat from US$ 3.099 billion in November 2024 to US$ 3.097 billion in December 2024, as shown in Fig. 1.
Exports in five (5) sectors went down as shown in Table 2. It was led by Automotive Electronics at 27.75%, from US$ 9.01 million to US$ 6.51 million. It was followed by Communication/Radar (23.08%), Electronic Data Processing (13.89%), Office Equipment (12.01%), and Telecommunication (8.41%).
Consumer Electronics improved by 48.96%, from US$ 143.36 million to US$ 213.55 million. This was followed by Medical/Industrial Instrumentation (45.87%), Control and Instrumentation (4.80%), and Semiconductor Components/Devices (0.75%).
The Philippine Electronics exports decreased by 15.05%, from US$ 3.65 billion in December 2023 to US$ 3.10 billion in December 2024, as shown in Fig. 2.
Semiconductor Components/Devices shrunk by 30.11%, from US$ 2.75 billion to US$ 1.92 billion. This was followed by Communication/Radar (14.74%)
Exports in seven (7) sectors increased, led by Consumer Electronics at 168.27%, from US$ 79.60 million to US$ 213.55 million. This was followed by Medical/Industrial Instrumentation (81.27%), Automotive Electronics (52.75%), Office Equipment (48.81%), Telecommunication (28.98%), Electronic Data Processing (18.15%), and Control and Instrumentation (15.31%).
Fig. 2: PH Electronics Exports (December 2023 vs December 2024)
Fig. 3: PH Electronics Exports (January – December 2023 vs. January – December 2024)
Year-to-date electronics exports declined by 6.38%, from US$ 45.65 billion in 2023 to US$ 42.74 billion in 2024, which is equivalent to 58.38% of the total Philippine exports. Please see Fig. 3.
Exports from three (3) sectors went down from last year’s YTD figures, led by Semiconductor Components/Devices at 13.47%, from US$ 33.70 billion to US$ 29.16 billion. This was followed by Communication/Radar (8.55%), and Office Equipment (2.02%). Please see Table 3.
Meanwhile, Automotive Electronics increased by 85.83%, from US$ 41.49 million to US$ 76.69 million. It was followed by Consumer Electronics (42.35%), Medical Industrial Instrumentation (28.67%), Electronic Data Processing (24.36%), Telecommunication (14.94%), and Control and Instrumentation (7.21%).
COUNTRIES OF DESTINATION (DECEMBER 2024)
Table 1 shows the top five (5) export destinations in December 2024, namely, the USA (16.49%), Hong Kong (15.56%), China (10.36%), Singapore (7.86%), and Japan (6.55%). These were likewise the countries of destination in the same order in November 2024.
Table 1: Top 5 Destination Countries for Electronics Exports (November 2024 vs December 2024)
The other destinations in the top ten were Taiwan (4.64%), Germany (3.83%), Thailand (3.80%), the Netherlands (3.67%), and South Korea (3.11%).
Fig. 4: Top Exported Products, December 2024
The top exported electronics products in December 2024 are in Fig. 4. Electronic Integrated Circuits – processors and controllers bound for Singapore improved by 50.47%. Meanwhile, Integrated Circuits bound for Hong Kong contracted by 32.82%. 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
