Economic Analysis of the Export Performance of Philippine Microchips and its Evolution from 2018 to 2023

Date

5-2025

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Paul Joseph B. Ramirez

Committee Member

Nino Alejandro Q. Manalo, Gideon P. Carnaje, Ma. Angeles O. Catelo

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Abstract

Microchips, otherwise known as electronic integrated circuits, are the Philippines' top export commodity in terms of revenue generated. This study focuses on analyzing and explaining the temporal evolution of the export performance of Philippine microchips on a year-to-year basis from 2018 to 2023. Specifically, it examines their export performance in their top ten markets. The study utilized secondary data primarily from International Trade Centre's Trade Map resource. This study utilized the Constant Market Share (CMS) model, which decomposes export performance into three effects: the Market Share Effect (MSE), the Commodity Composition Effect (CCE), and the Commodity Adaptation Effect (CAE). The MSE represents supply-side growth while the CCE reflects demand-side conditions. Meanwhile, the CAE indicates the ability of the exporting market to adapt to these demand-side conditions. Together, these three effects comprise the Total Effect, which represents total export performance. The results of the study showed that the average Total Effect values from all year-to-year CMS analyses for each of the ten markets were positive. This indicates the positive performance of Philippine microchip exports to each of its top ten markets. Additionally, the study found that Philippine microchip exports to China, the USA, the Netherlands, Germany, South Korea, and Malaysia were largely supply-driven, while those to Hong Kong, Singapore, Japan, and Taiwan were largely demand-driven. Furthermore, it was concluded that demand-driven Philippine microchip exports generally found more success, as they exhibited a higher average Total Effect value compared to supply-driven exports.

Language

English

LC Subject

Integrated circuits industry, Exports--Management

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2025 E2 A24

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Document Type

Thesis

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