HS Icon Integrated Circuits

8542 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Integrated Circuits. In 2019, Integrated Circuits were the world's 4th most traded product, with a total trade of $614B. Between 2018 and 2019 the exports of Integrated Circuits decreased by -3.34%, from $635B to $614B. Trade in Integrated Circuits represent 3.39% of total world trade.

Exports In 2019 the top exporters of Integrated Circuits  were Chinese Taipei ($114B), China ($108B), South Korea ($85.2B), Malaysia ($63B), and Singapore ($55.4B).

Imports In 2019 the top importers of Integrated Circuits were Hong Kong ($146B), China ($123B), Singapore ($43.5B), Chinese Taipei ($42.1B), and South Korea ($34.3B).

Tariffs In 2018 the average tariff for Integrated Circuits was 1.99%, making it the 1236th 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 57th 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.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Chinese Taipei, $114B

Top Destination (2019): Hong Kong, $146B

Integrated Circuits are the world's 4th most traded product.

In 2019, the top exporters of Integrated Circuits were Chinese Taipei ($114B), China ($108B), South Korea ($85.2B), Malaysia ($63B), and Singapore ($55.4B).

In 2019, the top importers of Integrated Circuits were Hong Kong ($146B), China ($123B), Singapore ($43.5B), Chinese Taipei ($42.1B), and South Korea ($34.3B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $13B

Top Destination Growth (2018 - 2019): Vietnam, $4.93B

Between 2018 and 2019, the exports of Integrated Circuits grew the fastest in China ($13B), Vietnam ($5.04B), Ireland ($3.59B), Chinese Taipei ($1.83B), and Malaysia ($1.6B).

Between 2018 and 2019, the fastest growing importers of Integrated Circuits were Vietnam ($4.93B), Mexico ($4.22B), South Korea ($2.24B), India ($2.01B), and Belgium ($1.76B).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Integrated Circuits.

In 2019,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Integrated Circuits are explained by 12 countries.

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TOP NET EXPORTER (2019): Chinese Taipei, $71.8B

TOP NET IMPORTER (2019): Hong Kong, $139B

This map shows which countries export or import more of Integrated Circuits. Each country is colored based on the difference in exports and imports of Integrated Circuits during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Integrated Circuits were Chinese Taipei ($71.8B), South Korea ($50.9B), Malaysia ($35.6B), United States ($16.3B), and Japan ($13.6B).

In 2019, the countries that had a largest trade value in imports than in exports of Integrated Circuits were Hong Kong ($139B), Mexico ($26.4B), China ($15.3B), Vietnam ($11.6B), and India ($9.04B).

Disaggregation

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Value

In 2019, the world most traded Integrated Circuits, disaggragated by their HS6 level were Monolithic integrated circuits, digital ($578B), Monolithic integrated circuits, except digital ($23.6B), and Parts of electronic integrated circuits etc ($12.7B)

Import Tariffs

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In 2018, the average tariff for importing Integrated Circuits was 1.99%. The countries with the highest tariffs for importing Integrated Circuits were Bahamas (40.2%), Bermuda (25%), Samoa (20%), Ethiopia (19.8%), and Maldives (19.6%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Integrated Circuits to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.