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%).