Exports of Japanese electronic components fell the most in two years in December

Shipments of electronic components continue to decline against the backdrop of declining market demand, according to the most recent statistics from the Japan Electronics and Information Technology Industry Association. Japanese makers of electronic components experienced their largest two-year drop in worldwide shipments in December 2022.

In December 2022, the global shipments of Japanese electronic parts manufacturers decreased by 6.0% compared to the same month in the previous year to 342.3 billion yen, marking the second consecutive month of contraction in more than two years (since August 2020, according to data released by the Japan Electronics and Information Technology Industry Association (JEITA) yesterday, 28). Although monthly sales exceeded Y300 billion for the 28th consecutive month, the drop was the greatest.

Global shipments of Japanese electronic components in December unit: 100 million yen

The amount of electronic parts shipped to Japan in December decreased by 6.1 percent from a year earlier to reach 76.6 billion yen, while the amount shipped to the US increased by 12.8% to reach 38.8 billion yen and the amount shipped to Europe increased by 9.8 percent to reach 32.3 billion yen. Shipments to China, which is home to a number of businesses that assemble electronics like smartphones, dropped 15.0 percent to 118.8 billion yen, while exports to the rest of Asia fell 3.9 percent to 75.1 billion yen.

Japanese exports of passive components, broken down by product group, decreased 7% from a year earlier in December to Y163.3 billion.

Capacitor shipments fell 8% to 114.7 billion yen, the second consecutive month of contraction, but monthly shipments exceeded 100 billion yen for the 28th consecutive month; Resistor shipments rose 2 percent to 15.9 billion yen, the 27th consecutive month of growth, transformer shipments rose 24 percent to 4.9 billion yen, and inductor shipments fell 6 percent to 24.7 billion yen.

Connector shipments fell 4% to 52.1 billion yen in December, the second consecutive month of contraction. Shipments of switch components, which include touch panels, rose 1 percent to 33.1 billion yen; Shipments of actuators, used in smartphone cameras and other applications to prevent hand shocks, fell 11% to 27.9 billion yen; Shipments of radio-frequency parts, which include TV tuners, filters and wireless modules, plunged 28 percent to 20.5 billion yen.

Resistor shipments increased 2% to 15.9 billion yen, the 27th consecutive month of growth; transformer shipments increased 24 percent to 4.9 billion yen; and inductor shipments decreased 6% to 24.7 billion yen, the second consecutive month of contraction. However, monthly shipments exceeded 100 billion yen for the 28th consecutive month.

Image from JEITA.