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2022
Exports $1.23BWorld Rnk 22 / 226
Flag Rnk 74 / 1210
2022
Destination $80.9M United States
2021 - 2022
FASTEST GROWING MARKET $80.9MSingapore
2022
PRODUCT COMPLEXITY IN Integrated Circuits1.48Rnk 56 / 1025
2022
Imports $2.76BWorld Rnk 23 / 225
Flag Rnk 34 / 1213
2022
Origin $164M United States
2021 - 2022
FASTEST GROWING ORIGIN $164MChinese Taipei
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.23B in Integrated Circuits, making it the 22nd largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 74th most exported product in Canada. The main destination of Integrated Circuits exports from Canada are: United States ($529M), Singapore ($111M), Hong Kong ($101M), Netherlands ($73.1M), and Chinese Taipei ($65.1M).

The fastest growing export markets for Integrated Circuits of Canada between 2021 and 2022 were Singapore ($80.9M), United States ($51.2M), and Chinese Taipei ($38.5M).

Imports In 2022, Canada imported $2.76B in Integrated Circuits, becoming the 23rd largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 34th most imported product in Canada. Canada imports Integrated Circuits primarily from: United States ($1.03B), Chinese Taipei ($387M), China ($279M), Malaysia ($248M), and Philippines ($161M).

The fastest growing import markets in Integrated Circuits for Canada between 2021 and 2022 were Chinese Taipei ($164M), United States ($142M), and China ($97.6M).

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

August 2024

About

Overview In August 2024 Canada's Integrated Circuits exports accounted up to C$44.2M and imports accounted up to C$144M, resulting in a negative trade balance of C$99.9M. Between August 2023 and August 2024 the exports of Canada's   Integrated Circuits have decreased by C$-3.2M (-6.76%) from C$47.4M to C$44.2M, while imports decreased by C$-64M (-30.8%) from C$208M to C$144M.

Destinations In August 2024, Integrated Circuits were exported mostly to United States (C$25.7M), Singapore (C$7.94M), China (C$2.45M), Mexico (C$797k), and France (C$779k), and were imported mostly from Chinese Taipei (C$28.4M), United States (C$24M), Malaysia (C$19.5M), South Korea (C$18.9M), and Philippines (C$13.5M).

Growth In August 2024, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to United States (C$-9.06M or -27.3%), Hong Kong (C$-6.83M or -60.1%), and Germany (C$-1.15M or -71%). In August 2024, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from United States (C$-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 (August 2023 - August 2024)C$-3.2M(-6.76%)
IMPORT GROWTH (August 2023 - August 2024)C$-64M(-30.8%)
MAIN EXPORTER (August 2024)QuebecC$57.4M
MAIN DESTINATION (August 2024)United StatesC$25.7M

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 (2022)$1.23B
IMPORTS (2022)$2.76B
NET TRADE (2022)-$1.52B

In 2022, Canada exported $1.23B in Integrated Circuits. The main destinations of Canada exports on Integrated Circuits were United States ($529M), Singapore ($111M), Hong Kong ($101M), Netherlands ($73.1M), and Chinese Taipei ($65.1M).

In 2022, Canada imported $2.76B in Integrated Circuits, mainly from United States ($1.03B), Chinese Taipei ($387M), China ($279M), Malaysia ($248M), and Philippines ($161M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Singapore$80.9M (272%)
United States$51.2M (10.7%)
Chinese Taipei$38.5M (144%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Canada WERE (2021 - 2022):
Hong Kong-$30.6M (-23.3%)
Canada-$11.1M (-16.8%)
Russia-$3.15M (-74.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Integrated Circuits were:
Chinese Taipei $223B
China $212B
South Korea $121B
In 2022, Canada's main importing competitors in Integrated Circuits were:
China $232B
Hong Kong $201B
Chinese Taipei $80.9B

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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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