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2022
Exports $2.05BWorld Rnk 20 / 226
Flag Rnk 33 / 1216
2022
Destination $88.4M Germany
2021 - 2022
FASTEST GROWING MARKET $88.4MUnited States
2022
PRODUCT COMPLEXITY IN Integrated Circuits1.48Rnk 56 / 1025
2022
Imports $3.05BWorld Rnk 22 / 225
Flag Rnk 36 / 1214
2022
Origin $231M China
2021 - 2022
FASTEST GROWING ORIGIN $231MMalaysia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $2.05B in Integrated Circuits, making it the 20th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 33rd most exported product in United Kingdom. The main destination of Integrated Circuits exports from United Kingdom are: Germany ($383M), Thailand ($280M), United States ($253M), Hong Kong ($152M), and Israel ($107M).

The fastest growing export markets for Integrated Circuits of United Kingdom between 2021 and 2022 were United States ($88.4M), Germany ($59.4M), and Hong Kong ($57.3M).

Imports In 2022, United Kingdom imported $3.05B in Integrated Circuits, becoming the 22nd largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 36th most imported product in United Kingdom. United Kingdom imports Integrated Circuits primarily from: China ($439M), United States ($361M), Malaysia ($346M), Chinese Taipei ($305M), and Netherlands ($288M).

The fastest growing import markets in Integrated Circuits for United Kingdom between 2021 and 2022 were Malaysia ($231M), China ($216M), and Chinese Taipei ($166M).

COMPANIES In 2023, leading companies such as J.C. Bamford (8) and Pernod Ricard (2) were at the forefront of shipping Integrated Circuits from United Kingdom to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Integrated Circuits exports accounted up to £69.9M and imports accounted up to £137M, resulting in a negative trade balance of £67.2M. Between July 2023 and July 2024 the exports of United Kingdom's   Integrated Circuits have increased by £1.44M (2.1%) from £68.4M to £69.9M, while imports decreased by £-47.3M (-25.7%) from £184M to £137M.

Destinations In July 2024, Integrated Circuits were exported mostly to Thailand (£23.3M), United States (£8.15M), Germany (£6.53M), Hong Kong (£5.45M), and China (£3.25M), and were imported mostly from Netherlands (£30.7M), Belgium (£20.2M), United States (£18.7M), Germany (£11.5M), and France (£7.32M).

Growth In July 2024, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to Malaysia (£1.46M or 53.5%), Netherlands (£1.44M or 29.5%), and Saudi Arabia (£1.32M or 422%). In July 2024, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-19.4M or -35.3%), Hong Kong (£-12.9M or -46.8%), and Ireland (£-11.8M or -93.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£1.44M(2.1%)
IMPORT GROWTH (July 2023 - July 2024)£-47.3M(-25.7%)
MAIN EXPORTER (July 2024)Belfast International Airport£23M
MAIN DESTINATION (July 2024)Thailand£23.3M

This section shows Integrated Circuits's exports and imports data at subnational level for United Kingdom. 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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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.05B
IMPORTS (2022)$3.05B
NET TRADE (2022)-$999M

In 2022, United Kingdom exported $2.05B in Integrated Circuits. The main destinations of United Kingdom exports on Integrated Circuits were Germany ($383M), Thailand ($280M), United States ($253M), Hong Kong ($152M), and Israel ($107M).

In 2022, United Kingdom imported $3.05B in Integrated Circuits, mainly from China ($439M), United States ($361M), Malaysia ($346M), Chinese Taipei ($305M), and Netherlands ($288M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$88.4M (53.8%)
Germany$59.4M (18.4%)
Hong Kong$57.3M (60.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY United Kingdom WERE (2021 - 2022):
Thailand-$32.5M (-10.4%)
Nigeria-$9.13M (-95%)
Malaysia-$6.79M (-8.78%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Integrated Circuits were:
Chinese Taipei $223B
China $212B
South Korea $121B
In 2022, United Kingdom's main importing competitors in Integrated Circuits were:
China $232B
Hong Kong $201B
Chinese Taipei $80.9B

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $126M
TOP IMPORT POTENTIALChina+ $381M

Integrated Circuits’s highest export potential is China. With an export gap of $126M.   Integrated Circuits’s highest import potential is China with an import gap of $381M.

See methodology.

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