Overview: In July 2020 United States' Integrated Circuits exports accounted up to $4.3B and imports accounted up to $2.17B, resulting in a positive trade balance of $2.14B. Between July 2019 and July 2020 the exports of United States' Integrated Circuits have increased by $977M (29.4%) from $3.33B to $4.3B, while imports decreased by $-406M (-15.8%) from $2.57B to $2.17B.
Destinations: In July 2020 Integrated Circuits exported mostly to Mexico ($943M), China ($830M), Taiwan ($312M), Hong Kong ($246M), and Malaysia ($204M), and imported mostly from Malaysia ($1.36B), Taiwan ($276M), Vietnam ($272M), South Korea ($203M), and China ($109M).
Growth: In July 2020, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to China ($221M or 36.4%), Mexico ($149M or 18.7%), and Poland ($96.3M or 1.96k%). In July 2020, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-43.6M or -34.3%), Canada ($-39M or -62.9%), and Ireland ($-36M or -57.2%).