Integrated Circuits in China 2021 Exports | Imports : $158B | $171B, World Rnk 2 / 224 Rnk 3 / 1215 | World Rnk 2 / 224 Rnk 2 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $20.4B | $10.6B, Hong Kong | South Korea
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Integrated Circuits: 1.49, Rnk 56 / 1029
Exports In 2021, China exported $158B in Integrated Circuits, making it the 2nd largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 3rd most exported product in China. The main destination of Integrated Circuits exports from China are: Hong Kong ($68.2B), South Korea ($20.8B), Chinese Taipei ($20.8B), Vietnam ($12.9B), and Malaysia ($8.45B).
The fastest growing export markets for Integrated Circuits of China between 2020 and 2021 were Hong Kong ($20.4B), Chinese Taipei ($4.71B), and South Korea ($4.49B).
Imports In 2021, China imported $171B in Integrated Circuits, becoming the 2nd largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 2nd most imported product in China. China imports Integrated Circuits primarily from: Chinese Taipei ($49.2B), South Korea ($48.1B), Singapore ($14.2B), United States ($12.5B), and Malaysia ($11.2B).
The fastest growing import markets in Integrated Circuits for China between 2020 and 2021 were South Korea ($10.6B), Chinese Taipei ($6.96B), and Singapore ($3.59B).
Tariffs In 2018, the average tariff for China in Integrated Circuits was 1.26%. The countries with the highest import tariffs for Integrated Circuits were Pakistan (Preferential tariff for Pakistan, 2.68%), India (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 2.18%), South Korea (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 2.18%), Sri Lanka (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 2.18%), and Australia (Preferential tariff for Australia, 2%).
February 2023
Overview In February 2023 China's Integrated Circuits exports accounted up to $9.88B and imports accounted up to $24.3B, resulting in a negative trade balance of $14.4B. Between February 2022 and February 2023 the exports of China's Integrated Circuits have decreased by $-1.13B (-10.3%) from $11B to $9.88B, while imports decreased by $-5.7B (-19%) from $30B to $24.3B.
Destinations In February 2023, Integrated Circuits were exported mostly to Hong Kong ($3.36B), South Korea ($1.52B), Taiwan ($1.31B), Malaysia ($801M), and Vietnam ($800M), and were imported mostly from Taiwan ($9.47B), South Korea ($4.74B), China ($2.89B), Malaysia ($1.84B), and Japan ($1.5B).
Growth In February 2023, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-42.5M or -4.11%), Czechia ($-5.06M or -39.6%), and Turkey ($-2.46M or -33.3%). In February 2023, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-425M or -31.9%), United States ($-87.5M or -7.18%), and Portugal ($-42M or -74.3%).
EXPORT GROWTH (February 2022 - February 2023): $-1.13B, (-10.3%)
IMPORT GROWTH (February 2022 - February 2023): $-5.7B, (-19%)
MAIN EXPORTER (February 2023): Guangdong Province, $2.14B
MAIN DESTINATION (February 2023): Hong Kong, $3.36B
This section shows Integrated Circuits's exports and imports data at subnational level for China. 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.
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EXPORTS (2021): $158B
IMPORTS (2021): $171B
NET TRADE (2021): -$13.3B
In 2021, China exported $158B in Integrated Circuits. The main destinations of China exports on Integrated Circuits were Hong Kong ($68.2B), South Korea ($20.8B), Chinese Taipei ($20.8B), Vietnam ($12.9B), and Malaysia ($8.45B).
In 2021, China imported $171B in Integrated Circuits, mainly from Chinese Taipei ($49.2B), South Korea ($48.1B), Singapore ($14.2B), United States ($12.5B), and Malaysia ($11.2B).
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Integrated Circuits were:
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