Integrated Circuits in United States | The Observatory of Economic Complexity

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Exports In 2021, United States exported $51.3B in Integrated Circuits, making it the 6th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 5th most exported product in United States. The main destination of Integrated Circuits exports from United States are: China ($12.5B), Mexico ($8.78B), Chinese Taipei ($4.69B), Hong Kong ($4.37B), and Malaysia ($4.09B).

The fastest growing export markets for Integrated Circuits of United States between 2020 and 2021 were China ($2.09B), Chinese Taipei ($1.01B), and Malaysia ($906M).

Imports In 2021, United States imported $30.1B in Integrated Circuits, becoming the 8th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 11th most imported product in United States. United States imports Integrated Circuits primarily from: Malaysia ($9.86B), Chinese Taipei ($3.52B), Mexico ($2.57B), China ($2.05B), and South Korea ($1.75B).

The fastest growing import markets in Integrated Circuits for United States between 2020 and 2021 were Malaysia ($1.87B), Ireland ($1.07B), and Chinese Taipei ($979M).

Latest Trends

September 2023

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Overview In September 2023 United States' Integrated Circuits exports accounted up to $3.97B and imports accounted up to $3.06B, resulting in a positive trade balance of $904M. Between September 2022 and September 2023 the exports of United States' Integrated Circuits have decreased by $-463M (-10.4%) from $4.43B to $3.97B, while imports decreased by $-1.01B (-24.7%) from $4.07B to $3.06B.

Destinations In September 2023, Integrated Circuits were exported mostly to Mexico ($982M), Malaysia ($548M), China ($507M), Taiwan ($367M), and Hong Kong ($252M), and were imported mostly from Malaysia ($844M), Taiwan ($625M), Israel ($258M), Mexico ($170M), and Thailand ($159M).

Growth In September 2023, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-182M or -44%), South Korea ($-165M or -51.4%), and Vietnam ($-51.5M or -47.2%). In September 2023, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-133M or -11.2%), Vietnam ($-43.9M or -23.8%), and Mexico ($-27.7M or -20.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2022 - September 2023)$-463M(-10.4%)

IMPORT GROWTH (September 2022 - September 2023)$-1.01B(-24.7%)

MAIN EXPORTER (September 2023)Texas$1.51B

MAIN DESTINATION (September 2023)Mexico$982M

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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