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2023
Exports $950MWorld Rnk 25 / 222
Flag Rnk 92 / 1212
2023
Destination $14.7M United States
2022 - 2023
FASTEST GROWING MARKET $14.7MThailand
2023
PRODUCT COMPLEXITY IN Integrated Circuits1.17Rnk 117 / 1025
2023
Imports $1.22BWorld Rnk 34 / 224
Flag Rnk 90 / 1211
2023
Origin $30.1M United States
2022 - 2023
FASTEST GROWING ORIGIN $30.1MVietnam
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $950M in Integrated Circuits, making it the 25th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 92nd most exported product in Canada. The main destination of Integrated Circuits exports from Canada are: United States ($300M), Singapore ($123M), Thailand ($81.6M), China ($78.7M), and Mexico ($76.1M).

The fastest growing export markets for Integrated Circuits of Canada between 2022 and 2023 were Thailand ($14.7M), Singapore ($9.6M), and Malaysia ($7.87M).

Imports In 2023, Canada imported $1.22B in Integrated Circuits, becoming the 34th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 90th most imported product in Canada. Canada imports Integrated Circuits primarily from: United States ($391M), Philippines ($138M), South Korea ($99.9M), Chinese Taipei ($86.5M), and Vietnam ($83.2M).

The fastest growing import markets in Integrated Circuits for Canada between 2022 and 2023 were Vietnam ($30.1M), United Kingdom ($4.86M), and Germany ($4.46M).

COMPANIES In 2023, leading companies such as Costco Wholesale (1) were at the forefront of shipping Integrated Circuits from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Integrated Circuits exports accounted up to C$56.8M and imports accounted up to C$167M, resulting in a negative trade balance of C$110M. Between November 2023 and November 2024 the exports of Canada's   Integrated Circuits have increased by C$2.62M (4.83%) from C$54.1M to C$56.8M, while imports decreased by C$-12.5M (-6.98%) from C$179M to C$167M.

Destinations In November 2024, Integrated Circuits were exported mostly to United States (C$35.1M), Singapore (C$6.52M), China (C$4.04M), South Korea (C$2.4M), and Netherlands (C$2.02M), and were imported mostly from Chinese Taipei (C$36.4M), United States (C$29.3M), Malaysia (C$27M), China (C$13M), and Philippines (C$11.1M).

Growth In November 2024, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to Netherlands (C$20.2M or 131%), Chinese Taipei (C$13.6M or 2.77k%), and China (C$5.02M or 222%). In November 2024, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from United States (C$-15.1M or -38.3%), China (C$-13.6M or -37.4%), and Malaysia (C$-13.3M or -31%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$2.62M(4.83%)
IMPORT GROWTH (November 2023 - November 2024)C$-12.5M(-6.98%)
MAIN EXPORTER (November 2024)QuebecC$62.2M
MAIN DESTINATION (November 2024)United StatesC$35.1M

This section shows Integrated Circuits's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Integrated Circuits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$950M
IMPORTS (2023)$1.22B
NET TRADE (2023)-$268M

In 2023, Canada exported $950M in Integrated Circuits. The main destinations of Canada exports on Integrated Circuits were United States ($300M), Singapore ($123M), Thailand ($81.6M), China ($78.7M), and Mexico ($76.1M).

In 2023, Canada imported $1.22B in Integrated Circuits, mainly from United States ($391M), Philippines ($138M), South Korea ($99.9M), Chinese Taipei ($86.5M), and Vietnam ($83.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Thailand$14.7M (22%)
Singapore$9.6M (8.43%)
Malaysia$7.87M (42%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Canada WERE (2022 - 2023):
United States-$149M (-33.1%)
Hong Kong-$46.2M (-48.8%)
China-$31.4M (-28.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Integrated Circuits were:
Chinese Taipei $214B
China $154B
South Korea $134B
In 2023, Canada's main importing competitors in Integrated Circuits were:
Hong Kong $200B
China $200B
Singapore $85.6B

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $358M
TOP IMPORT POTENTIALUnited States+ $522M

Integrated Circuits’s highest export potential is United States. With an export gap of $358M.   Integrated Circuits’s highest import potential is United States with an import gap of $522M.

See methodology.

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