HS Icon Parts of electronic integrated circuits etc

854290 (Harmonized System 1992 for 6-digit)

World Trade (2018): $13.3B, Rnk 218 / 4726

Top Exporter (2018): $2.45B, Malaysia

Top Importer (2018): $2.62B, Malaysia

Product Complexity (2018): 1.42, Rnk 273 / 4873

Export Growth (CAGR)(2017 - 2018): -13.2%, Rnk 4390 / 4726

Mean Tariff (2018): 2.16%, Rnk 6142 / 6538

Share of World Trade (2018): 0.072%, Rnk 218 / 4726

Overview:  This page contains the latest trade data of Parts of electronic integrated circuits etc. In 2018, Parts of electronic integrated circuits etc were the world's 218th most traded product, with a total trade of $13.3B. Between 2017 and 2018 the exports of Parts of electronic integrated circuits etc decreased by -13.2%, from  $15.3B to $13.3B. Trade in Parts of electronic integrated circuits etc represent 0.072% of total world trade.

Exports: In 2018 the top exporters of Parts of electronic integrated circuits etc  were Malaysia ($2.45B), Japan ($1.93B), Singapore ($1.79B), United States ($1.52B), and China ($1.28B).

Imports: In 2018 the top importers of Parts of electronic integrated circuits etc were Malaysia ($2.62B), Philippines ($2.06B), Thailand ($1.55B), Singapore ($1.44B), and China ($1.32B).

Tariffs: In 2018 the average tariff for Parts of electronic integrated circuits etc was 2.16%, been the 6142 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of electronic integrated circuits etc 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: Parts of electronic integrated circuits etc ranks 273rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Malaysia, $2.45B

Top Destination (2018): Malaysia, $2.62B

Parts of electronic integrated circuits etc are the world's 218th most traded product.

In 2018, the top exporters of Parts of electronic integrated circuits etc were Malaysia ($2.45B), Japan ($1.93B), Singapore ($1.79B), United States ($1.52B), and China ($1.28B).

In 2018, the top importers of Parts of electronic integrated circuits etc were Malaysia ($2.62B), Philippines ($2.06B), Thailand ($1.55B), Singapore ($1.44B), and China ($1.32B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Singapore, $1.79B

Top Destination Growth (2017 - 2018): Singapore, $1.44B

Between 2017 and 2018, the exports of Parts of electronic integrated circuits etc grew the fastest in Singapore ($1.79B), Malaysia ($1.33B), Israel ($98.2M), Philippines ($88.4M), and Indonesia ($53.8M).

Between 2017 and 2018, the fastest growing importers of Parts of electronic integrated circuits etc were Singapore ($1.44B), Thailand ($1.12B), China ($455M), United States ($375M), and South Korea ($285M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts of electronic integrated circuits etc.

In 2018,  market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Parts of electronic integrated circuits etc are explained by 12 countries.

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TOP NET EXPORTER (2018): Japan, $1.78B

TOP NET IMPORTER (2018): Philippines, $1.7B

This map shows which countries export or import more of Parts of electronic integrated circuits etc. Each country is colored based on the difference in exports and imports of Parts of electronic integrated circuits etc during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts of electronic integrated circuits etc were Japan ($1.78B), United States ($1.15B), Chinese Taipei ($615M), Singapore ($347M), and Belgium-Luxembourg ($97.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of electronic integrated circuits etc were Philippines ($1.7B), Thailand ($1.07B), Hong Kong ($442M), Indonesia ($225M), and Malaysia ($169M).

Trade Forecasts

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This section shows forecasts for total trade for Parts of electronic integrated circuits etc. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Parts of electronic integrated circuits etc was 2.16%.  The countries with the highest tariffs for importing Parts of electronic integrated circuits etc were Bahamas (40.2%), Bermuda (25%), Samoa (20%), Ethiopia (19.8%), and Maldives (19.6%).

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Product Complexity

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Diversification Frontier

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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.