Supply Chain Research

Philippine imports jumped 20% in November to a new high, while exports slumped 8%. The drop in exports is largely due to a 14% slide in U.S.-bound shipments – the result of lower plastics and glass exports. This probably continued with a further 6% drop in seaborne exports in December, Panjiva data shows. Global exports of electronics fell 8%, led by a 10% drop in semiconductor shipments. Here the Philippines likely lost market share to Taiwanese manufacturers whose exports increased 39% in November and a further 29% in December.