The Electronics industry remained as the country’s top exporter for the month of July 2017, with total receipts of US$ 2.762 billion, or 52.3% of the total Philippine exports of US$ 5.285 billion.
- July 2017 vs June 2017 (Month-on-Month)– Electronic exports increased by 5.06%, from US$ 2.629 billion in the previous month, to US$ 2.762 billion this month.
- 5 out of 9 sectors posted a positive growth from the previous month’s figures, led by Office Equipmentat 34.86%, from US$ 43.76 million in June 2017 to US$ 59.01 million this July 2017. The other sectors that increased were Communication/Radar at 24.73%, Electronic Data Processing at 7.25%, Components/Devices (Semiconductors) at 4.65% and Consumer Electronics at 2.0%.
- On the other hand, Automotive Electronics decreased by 44.77%, followed by Telecommunication at 18.68%, Medical/Industrial Instrumentation at 10.95% and Control and Instrumentation at 1.65%.
- July 2017 vs July 2016 (Year-on-Year) – Electronic exports increased by 11.8%, from US$2.471 billion in July 2016, to US$ 2.762 billion in July 2017.
- Five(5) sectors posted a positive growth from the figures of the previous year, led by Consumer Electronics at 73.51%, from US$ 12.42 million in July 2016 to US$ 21.54 million this July 2017. The other sectors that recorded increases were Office Equipment at 61.91%, Communication/Radar at 41.09%, Components/Devices (Semiconductors) at 13.39% and Electronic Data Processing at 13.30%.
- Telecommunication decreased by 47.76%, followed by Medical/Industrial Instrumentation at 45.29%, Automotive Electronics at 41.28% and Control and Instrumentation at 7.51%.
- January to July 2017 vs. 2016 (Year-to-Date) – Cumulative exports increased by 12.1%, from US$ 16.355 billion last year to US$ 18.331 billion this year.
- 6 out of 9 sectors increased from last year’s YTD figures. Office Equipment increased by 81.62%, from US$ 228.96 million last year to US$ 415.85 million this year. Other sectors that increased were Communication/Radar at 52.13%, Electronic Data Processing at 14.35%, Components/Devices (Semiconductors) at 11.82%, Control and Instrumentation at 11.72% and Consumer Electronics at 2.98%.
- Conversely, Medical/Industrial Instrumentation decreased by 51.04%, from US$ 72.0 million to US$ 35.3 million, followed by Automotive Electronicsat 37.92% and Telecommunication at 32.44%.
Countries of Destination: For July 2017, the Philippines’ top five (5) countries of destination for electronic exports comprising 65.9% of total Philippine electronic exports were: Hong Kong (22.3%), United States of America (13.2%), People’s Republic of China (11.7%), Japan (9.7%) and Singapore (9.0%). The remaining top ten markets were Germany (6.1%), Taiwan (5.8%), Thailand (4.2%), Netherlands (4.1%) and Republic of Korea (3.2%).
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