Integrated Circuits in United States

About

Exports: In 2019, United States exported $41.4B in Integrated Circuits, making it the 6th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 4th most exported product in United States. The main destination of Integrated Circuits exports from United States are: China ($8.47B), Mexico ($7.68B), Hong Kong ($3.47B), Chinese Taipei ($3.23B), and South Korea ($3.13B).

The fastest growing export markets for Integrated Circuits of United States between 2018 and 2019 were China ($2.01B), Mexico ($1.52B), and Vietnam ($226M).

Imports: In 2019, United States imported $25.1B in Integrated Circuits, becoming the 9th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 13th most imported product in United States. United States imports Integrated Circuits primarily from: Malaysia ($8.13B), Chinese Taipei ($2.48B), Mexico ($2.16B), South Korea ($1.5B), and China ($1.41B).

The fastest growing import markets in Integrated Circuits for United States between 2018 and 2019 were Canada ($432M), Vietnam ($290M), and Malaysia ($183M).

Latest Trends

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Overview

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Overview: In January 2021 United States' Integrated Circuits exports accounted up to $4.08B and imports accounted up to $2.58B, resulting in a positive trade balance of $1.5B. Between January 2020 and January 2021 the exports of United States' Integrated Circuits have increased by $337M (9.02%) from $3.74B to $4.08B, while imports decreased by $-96.9M (-3.63%) from $2.67B to $2.58B.

Destinations: In January 2021 Integrated Circuits exported mostly to Mexico ($935M), China ($855M), Hong Kong ($415M), Taiwan ($383M), and South Korea ($320M), and imported mostly from Malaysia ($1.18B), Taiwan ($324M), South Korea ($196M), Vietnam ($185M), and Mexico ($132M).

Growth: In January 2021, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to China ($149M or 21.1%), Taiwan ($130M or 51.4%), and Hong Kong ($124M or 42.6%). In January 2021, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from Ireland ($-43.6M or -45.9%), Japan ($-41.6M or -36.2%), and China ($-29.1M or -20.6%).

Subnational Monthly Trade

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Flow

Value

EXPORT GROWTH (January 2020 - January 2021): $337M, (9.02%)

IMPORT GROWTH (January 2020 - January 2021): $-96.9M, (-3.63%)

MAIN EXPORTER (January 2021): Texas, $1.44B

MAIN DESTINATION (January 2021): Mexico, $935M

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.

Product Trade

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Trade Balance

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Year

Value

EXPORTS (2019): $41.4B

IMPORTS (2019): $25.1B

NET TRADE (2019): $16.3B

In 2019, United States exported $41.4B in Integrated Circuits. The main destinations of United States exports on Integrated Circuits were China ($8.47B), Mexico ($7.68B), Hong Kong ($3.47B), Chinese Taipei ($3.23B), and South Korea ($3.13B).

In 2019, United States imported $25.1B in Integrated Circuits, mainly from Malaysia ($8.13B), Chinese Taipei ($2.48B), Mexico ($2.16B), South Korea ($1.5B), and China ($1.41B).

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