Overview This page contains the latest trade data of Integrated Circuits. In 2020, Integrated Circuits were the world's 1st most traded product, with a total trade of $669B. Between 2019 and 2020 the exports of Integrated Circuits grew by 9.73%, from $610B to $669B. Trade in Integrated Circuits represent 4% of total world trade.
Integrated Circuits are a part of Electrical machinery and equipment. They include Monolithic integrated circuits, digital, Monolithic integrated circuits, except digital, Parts of electronic integrated circuits etc, Hybrid integrated circuits, and Electronic integrated circuits/microassemblies, nes.
Exports In 2020 the top exporters of Integrated Circuits were Chinese Taipei ($138B), China ($120B), South Korea ($89.1B), Malaysia ($65B), and Singapore ($62.7B).
Imports In 2020 the top importers of Integrated Circuits were Hong Kong ($162B), China ($144B), Singapore ($51.1B), Chinese Taipei ($48.6B), and South Korea ($38.6B).
Tariffs In 2018 the average tariff for Integrated Circuits was 2.66%, making it the 1178th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Integrated Circuits are Bahamas (40.2%), Bermuda (25%), Montserrat (23.8%), and Cayman Islands (22%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and Armenia (0%).
Ranking Integrated Circuits ranks 71st in the Product Complexity Index (PCI).
Description Electronic integrated circuits are used in the production of other goods. They can be made from a variety of materials, including silicon, gallium arsenide, and gallium nitride.