Electrical and Electronics Industry Is One of the Most Internationally and Regionally Integrated Industries in ASEAN Spreading All Member States Says the ASEAN-Japan Centre
Posted Apr 20, 2021 13:19 (GMT +7)
TOKYO--(BUSINESS WIRE)--Apr. 20, 2021
The electrical and electronics (E&E) industry is characterized by internationally fragmented but well-integrated production networks with geographically extensive and highly modular value chains, which provide opportunities for ASEAN countries to easily participate in the E&E value chain, according to the study by the ASEAN-Japan Centre, entitled Global Value Chains in ASEAN: Electronics, issued in March 2021. This is the 14th report of the 16-paper series of ASEAN global value chain (GVCs) by AJC.
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Report “Global Value Chains in ASEAN: Electronics” is available for download on AJC website (Graphic: Business Wire)
The Association of Southeast Asian Nations (ASEAN) is a significant hub of E&E production, contributing approximately $268 billion to the regional gross domestic product (GDP), employing more than 2.4 million workers and accounting for the largest share of ASEAN’s total exports (27 per cent).
Overall, the E&E industry in ASEAN relies on more foreign inputs and technology than other industries, with 53 per cent of E&E exports coming from foreign value added (FVA), or the foreign inputs integrated into ASEAN’s E&E exports. Nonetheless, value added in exports differs across the region, depending on each country’s position in the E&E value chain.
Intraregional trade among ASEAN countries is the largest contributor to ASEAN E&E exports in terms of FVA, accounting for a quarter of total FVA ($43.4 billion) in 2017, while the combined FVA created by China and Japan constitutes more than a third of total FVA.
During 1990–2017, ASEAN’s GVC participation in E&E equipment declined slightly, from 74 per cent to 70 per cent, while its regional value chain (RVC) participation doubled, from 9 per cent to 18 per cent. The contradictory trends are explained by higher regional production capacity and well-established regional production networks.
With different areas of specialization, ASEAN has become an attractive and important hub for the E&E industry. The region hosts an extensive range of E&E production along the value chain, ranging from labour-intensive and simple activities such as assembly and testing to capital-intensive tasks such as component design and research and development.
To view and download the report, please visit the AJC website as below.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210419006002/en/
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