Integrated Circuits in United States 2020 Exports | Imports : $44.2B | $24.2B, World Rnk 6 / 222 Rnk 4 / 1217 | World Rnk 9 / 223 Rnk 13 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.92B | $465M, China | Mexico
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Integrated Circuits: 1.41, Rnk 75 / 1029
Exports In 2020, United States exported $44.2B 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 ($10.4B), Mexico ($9.05B), Hong Kong ($3.7B), Chinese Taipei ($3.69B), and Malaysia ($3.17B).
The fastest growing export markets for Integrated Circuits of United States between 2019 and 2020 were China ($1.92B), Mexico ($1.39B), and Chinese Taipei ($450M).
Imports In 2020, United States imported $24.2B 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 ($8.04B), Mexico ($2.65B), Chinese Taipei ($2.56B), China ($1.47B), and South Korea ($1.41B).
The fastest growing import markets in Integrated Circuits for United States between 2019 and 2020 were Mexico ($465M), Vietnam ($303M), and Israel ($89.6M).
October 2022
Overview In October 2022 United States' Integrated Circuits exports accounted up to $4.42B and imports accounted up to $3.84B, resulting in a positive trade balance of $575M. Between October 2021 and October 2022 the exports of United States' Integrated Circuits have decreased by $-69.2M (-1.54%) from $4.49B to $4.42B, while imports increased by $765M (24.9%) from $3.08B to $3.84B.
Destinations In October 2022, Integrated Circuits were exported mostly to Mexico ($1.23B), China ($784M), Taiwan ($471M), Malaysia ($296M), and Hong Kong ($229M), and were imported mostly from Malaysia ($1.18B), Taiwan ($680M), Ireland ($321M), South Korea ($273M), and Vietnam ($207M).
Growth In October 2022, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-60.3M or -6.06%), Egypt ($-22M or -99.7%), and Singapore ($-21.2M or -18.2%). In October 2022, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Mexico ($16.1M or 13.9%), Vietnam ($14.2M or 8.35%), and South Korea ($11.5M or 6.22%).
EXPORT GROWTH (October 2021 - October 2022): $-69.2M, (-1.54%)
IMPORT GROWTH (October 2021 - October 2022): $765M, (24.9%)
MAIN EXPORTER (October 2022): Texas, $1.55B
MAIN DESTINATION (October 2022): Mexico, $1.23B
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 (2020): $44.2B
IMPORTS (2020): $24.2B
NET TRADE (2020): $20B
In 2020, United States exported $44.2B in Integrated Circuits. The main destinations of United States exports on Integrated Circuits were China ($10.4B), Mexico ($9.05B), Hong Kong ($3.7B), Chinese Taipei ($3.69B), and Malaysia ($3.17B).
In 2020, United States imported $24.2B in Integrated Circuits, mainly from Malaysia ($8.04B), Mexico ($2.65B), Chinese Taipei ($2.56B), China ($1.47B), and South Korea ($1.41B).
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Integrated Circuits were:
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