Integrated Circuits in United States

EXPORTS (2018): $37.1B, World Rnk 6 / 206
Flag Rnk 5 / 1222

TOP DESTINATION (2018): $6.45B, China

FASTEST GROWING MARKET (2017 - 2018): $4.16B, Mexico

IMPORTS (2018): $26.1B, World Rnk 7 / 215
Flag Rnk 12 / 1217

TOP ORIGIN (2018): $7.87B, Malaysia

FASTEST GROWING ORIGIN (2017 - 2018): $165M, Netherlands

ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137

PRODUCT COMPLEXITY  IN Integrated Circuits (2018): 1.4, Rnk 66 / 1018

Overview: This page contains the latest trade data of Integrated Circuits in United States.

Exports: In 2018, United States exported $37.1B in Integrated Circuits, making it the 6th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 5th most exported product in United States. The main destination of Integrated Circuits exports from United States are: China ($6.45B), Mexico ($5.06B), Hong Kong ($3.74B), Malaysia ($3.52B), and Chinese Taipei ($3.44B).

The fastest growing export markets for Integrated Circuits of United States between 2017 and 2018 were Mexico ($4.16B), Chinese Taipei ($3.44B), and Vietnam ($1.05B).

Imports: In 2018, United States imported $26.1B in Integrated Circuits, becoming the 7th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 12th most imported product in United States. United States imports Integrated Circuits primarily from: Malaysia ($7.87B), Chinese Taipei ($2.68B), China ($2.39B), Philippines ($2.17B), and South Korea ($1.65B).

The fastest growing import markets in Integrated Circuits for United States between 2017 and 2018 were Netherlands ($165M), Canada ($141M), and Germany ($113M).

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%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $977M, (29.4%)

IMPORT GROWTH (July 2019 - July 2020): $-406M, (-15.8%)

MAIN EXPORTER (July 2020): Texas, $1.23B

MAIN DESTINATION (July 2020): Mexico, $943M

This section shows Integrated Circuits's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Integrated Circuits over time.

Value

EXPORTS (2018): $37.1B

IMPORTS (2018): $26.1B

NET TRADE (2018): $11B

In 2018, United States exported $37.1B in Integrated Circuits. The main destinations of United States exports on Integrated Circuits were China ($6.45B), Mexico ($5.06B), Hong Kong ($3.74B), Malaysia ($3.52B), and Chinese Taipei ($3.44B).

In 2018, United States imported $26.1B in Integrated Circuits, mainly from Malaysia ($7.87B), Chinese Taipei ($2.68B), China ($2.39B), Philippines ($2.17B), and South Korea ($1.65B).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Integrated Circuits WITH:

  • Mexico, $4.55B ($5.06B - $507M)
  • China, $4.06B ($6.45B - $2.39B)
  • Hong Kong, $3.69B ($3.74B - $53.6M)

IN 2018, United States HAD A NEGATIVE NET TRADE IN Integrated Circuits WITH:

  • Malaysia, -$4.35B ($3.52B - $7.87B)
  • Ireland, -$1.14B ($84.1M - $1.22B)
  • Canada, -$858M ($0 - $858M)
Flow

THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY United States WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Integrated Circuits were:

In 2018, United States's main importing competitors in Integrated Circuits were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Integrated Circuits in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the tariffs for Integrated Circuits in the imports of United States were of 0% around the world.

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