Integrated Circuits in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $49.8B 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: Mexico ($9.94B), China ($9.61B), Chinese Taipei ($5.34B), Malaysia ($4.67B), and Hong Kong ($3.35B).

The fastest growing export markets for Integrated Circuits of United States between 2021 and 2022 were Mexico ($1.1B), Chinese Taipei ($640M), and Malaysia ($570M).

Imports In 2022, United States imported $34.9B in Integrated Circuits, becoming the 8th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 10th most imported product in United States. United States imports Integrated Circuits primarily from: Malaysia ($9.39B), Chinese Taipei ($5.49B), Mexico ($2.94B), China ($2.63B), and Ireland ($2.18B).

The fastest growing import markets in Integrated Circuits for United States between 2021 and 2022 were Chinese Taipei ($1.88B), China ($559M), and Philippines ($540M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (39.7k), ROBERT BOSCH TOOL CORPORATION (36.3k), and ABB MOTORS AND MECHANICAL INC (5.92k) were at the forefront of shipping Integrated Circuits to the United States.

Latest Trends

January 2024

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Overview In January 2024 United States' Integrated Circuits exports accounted up to $3.72B and imports accounted up to $2.79B, resulting in a positive trade balance of $926M. Between January 2023 and January 2024 the exports of United States' Integrated Circuits have decreased by $-141M (-3.64%) from $3.86B to $3.72B, while imports increased by $21.2M (0.77%) from $2.77B to $2.79B.

Destinations In January 2024, Integrated Circuits were exported mostly to Mexico ($1.06B), China ($513M), Taiwan ($396M), Malaysia ($334M), and Hong Kong ($286M), and were imported mostly from Taiwan ($688M), Malaysia ($674M), Israel ($255M), South Korea ($173M), and Mexico ($155M).

Growth In January 2024, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to China ($-402M or -46.1%), Israel ($-80.5M or -56.4%), and Hong Kong ($-60.5M or -26.2%). In January 2024, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Taiwan ($51.8M or 9.01%), Thailand ($45.2M or 37.2%), and Costa Rica ($41.7M or 487%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-141M(-3.64%)

IMPORT GROWTH (January 2023 - January 2024)$21.2M(0.77%)

MAIN EXPORTER (January 2024)Texas$1.41B

MAIN DESTINATION (January 2024)Mexico$1.06B

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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