Electronic integrated circuits: memories854232 (Harmonized System 2007 for 6-digit)
2020 World Trade: $160B, Rnk 12 / 5000
2020 Top Exporter | Top Importer: $58.3B | $50.6B, South Korea | China
2020 Product Complexity: 1.44, Rnk 267 / 5034
2019 - 2020 Export Growth (CAGR): 6%, Rnk 742 / 5000
2018 Mean Tariff: 2.77%, Rnk 5956 / 6538
2020 Share of World Trade: 0.95%, Rnk 12 / 5000
Overview This page contains the latest trade data of Electronic integrated circuits: memories. In 2020, Electronic integrated circuits: memories were the world's 12th most traded product, with a total trade of $160B. Between 2019 and 2020 the exports of Electronic integrated circuits: memories grew by 6%, from $151B to $160B. Trade in Electronic integrated circuits: memories represent 0.95% of total world trade.
Electronic integrated circuits: memories are a part of Integrated Circuits.
Exports In 2020 the top exporters of Electronic integrated circuits: memories were South Korea ($58.3B), China ($41.6B), Chinese Taipei ($21B), Japan ($15B), and Singapore ($11.1B).
Imports In 2020 the top importers of Electronic integrated circuits: memories were China ($50.6B), Hong Kong ($35.8B), Chinese Taipei ($22B), South Korea ($15.2B), and Singapore ($12.1B).
Tariffs In 2018 the average tariff for Electronic integrated circuits: memories was 2.77%, making it the 5956th lowest tariff using the HS6 product classification.
Ranking Electronic integrated circuits: memories ranks 267th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Electronic integrated circuits: memories. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): South Korea, $58.3B
Top Destination (2020): China, $50.6B
Electronic integrated circuits: memories are the world's 12th most traded product.
In 2020, the top exporters of Electronic integrated circuits: memories were South Korea ($58.3B), China ($41.6B), Chinese Taipei ($21B), Japan ($15B), and Singapore ($11.1B).
In 2020, the top importers of Electronic integrated circuits: memories were China ($50.6B), Hong Kong ($35.8B), Chinese Taipei ($22B), South Korea ($15.2B), and Singapore ($12.1B).
Trade by country
Top Origin Growth (2019 - 2020): Chinese Taipei, $3.81B
Top Destination Growth (2019 - 2020): Chinese Taipei, $5.36B
Between 2019 and 2020, the exports of Electronic integrated circuits: memories grew the fastest in Chinese Taipei ($3.81B), Japan ($3.38B), China ($1.83B), South Korea ($771M), and Singapore ($498M).
Between 2019 and 2020, the fastest growing importers of Electronic integrated circuits: memories were Chinese Taipei ($5.36B), China ($2.56B), Singapore ($1.85B), Malaysia ($1.37B), and Vietnam ($1.1B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Electronic integrated circuits: memories.
In 2020, market concentration measured using Shannon Entropy, was 2.56. This means that most of the exports of Electronic integrated circuits: memories are explained by 5 countries.
TOP NET EXPORTER (2020): South Korea, $43.2B
TOP NET IMPORTER (2020): Hong Kong, $34.7B
This map shows which countries export or import more of Electronic integrated circuits: memories. Each country is colored based on the difference in exports and imports of Electronic integrated circuits: memories during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Electronic integrated circuits: memories were South Korea ($43.2B), Japan ($11.9B), United States ($1.76B), France ($192M), and Thailand ($170M).
In 2020, the countries that had a largest trade value in imports than in exports of Electronic integrated circuits: memories were Hong Kong ($34.7B), China ($8.94B), Vietnam ($3.7B), Mexico ($1.84B), and India ($1.13B).
This visualization shows the countries that have an important ratio of their trade related to Electronic integrated circuits: memories. It is possible to select the main countries that export or import Electronic integrated circuits: memories in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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