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.