Integrated Circuits in United States 2019 Exports | Imports : $41.4B | $25.1B, World Rnk 6 / 218 Rnk 4 / 1217 | World Rnk 9 / 225 Rnk 13 / 1215
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.01B | $432M, China | Canada
2019 ECONOMIC COMPLEXITY of United States: 1.59, Rnk 9 / 147
2019 PRODUCT COMPLEXITY IN Integrated Circuits: 1.15, Rnk 127 / 1029
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).
July 2021
Overview In July 2021 United States' Integrated Circuits exports accounted up to $4.74B and imports accounted up to $3.3B, resulting in a positive trade balance of $1.44B. Between July 2020 and July 2021 the exports of United States' Integrated Circuits have increased by $438M (10.2%) from $4.3B to $4.74B, while imports increased by $1.13B (52.2%) from $2.17B to $3.3B.
Destinations In July 2021, Integrated Circuits were exported mostly to Mexico ($1.1B), China ($1.09B), Taiwan ($381M), Malaysia ($370M), and Hong Kong ($315M), and were imported mostly from Malaysia ($1.53B), Taiwan ($448M), South Korea ($196M), China ($178M), and Vietnam ($162M).
Growth In July 2021, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to China ($151M or 16.1%), Malaysia ($146M or 64.9%), and Israel ($142M or 967%). In July 2021, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Malaysia ($583M or 61.8%), Taiwan ($137M or 43.8%), and Ireland ($87.8M or 195%).
EXPORT GROWTH (July 2020 - July 2021): $438M, (10.2%)
IMPORT GROWTH (July 2020 - July 2021): $1.13B, (52.2%)
MAIN EXPORTER (July 2021): Texas, $1.4B
MAIN DESTINATION (July 2021): Mexico, $1.1B
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.
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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).
IN 2019, United States HAD A POSITIVE NET TRADE IN Integrated Circuits WITH:
IN 2019, United States HAD A NEGATIVE NET TRADE IN Integrated Circuits WITH:
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR United States WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY United States WERE (2018 - 2019):
In 2019, United States's main exporting competitors in Integrated Circuits were:
In 2017, the tariffs for Integrated Circuits in the imports of United States were of 0% around the world.