Philippines: economic trade impact coronavirus COVID-19 pandemic by industry 2020

The spill over effect of a disruption in Chinese supply to the Philippines would bring economic effects among different industries in the country. The communication equipment industry in the Philippines is estimated to lose 115 million U.S. dollars from a two percent reduction in China exports of intermediate inputs according to a report in February 2020.

Estimated economic trade impact from Chinese supply disruptions due to the coronavirus COVID-19 pandemic in the Philippines in 2020, by industry (in million U.S. dollars)

Characteristic	Economic trade impact in million U.S. dollars
Communication equipment	115
Office machinery	77
Electrical machinery	42
Automotive	22
Machinery various	17
Precision instruments	17
Chemicals	7
Metals and metal products	2
Rubber and plastics	1
Leather products	1
Wood products and furniture	1

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Release date

March 2020

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Region

Philippines

Survey time period

February 2020

Supplementary notes

The impact has been calculated under the assumption of a two percent reduction of China exports in intermediate inputs. The source assumes that supply disruptions are limited to China and does not consider disruptions that COVID-19 may directly cause in the output of other countries.

Spill over effect refers to the impact that seemingly unrelated events in one nation can have on the economies of other nations.

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