Overview: In 2018, Integrated Circuits were the world's 4th most traded product, with a total trade of $619B. Between 2017 and 2018 the exports of Integrated Circuits decreased by -11.6%, from $700B to $619B. Trade in Integrated Circuits represent 3.37% of total world trade.
Exports: In 2018 the top exporters of Integrated Circuits were South Korea ($113B), Chinese Taipei ($110B), China ($90.9B), Singapore ($61B), and Malaysia ($55.5B).
Imports: In 2018 the top importers of Integrated Circuits were Hong Kong ($156B), China ($133B), Singapore ($46.3B), Chinese Taipei ($40.6B), and South Korea ($32B).
Tariffs: In 2018 the average tariff for Integrated Circuits was 1.99%, been the 1236 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Integrated Circuits are Bahamas (40.2%), Bermuda (25%), Samoa (20%), Ethiopia (19.8%), and Maldives (19.6%). 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 66th in the Product Complexity Index (PCI).