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2023
Exports $1.04BWorld Rnk 24 / 222
Flag Rnk 74 / 1216
2023
Destination $7M Thailand
2022 - 2023
FASTEST GROWING MARKET $7MOman
2023
PRODUCT COMPLEXITY IN Integrated Circuits1.17Rnk 117 / 1025
2023
Imports $3.08BWorld Rnk 23 / 224
Flag Rnk 37 / 1214
2023
Origin $520M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $520MChinese Taipei
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $1.04B in Integrated Circuits, making it the 24th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 74th most exported product in United Kingdom. The main destination of Integrated Circuits exports from United Kingdom are: Thailand ($221M), Germany ($113M), Hong Kong ($76.9M), United States ($76.8M), and Japan ($61.3M).

The fastest growing export markets for Integrated Circuits of United Kingdom between 2022 and 2023 were Oman ($7M), France ($6.35M), and Vietnam ($6.1M).

Imports In 2023, United Kingdom imported $3.08B in Integrated Circuits, becoming the 23rd largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 37th most imported product in United Kingdom. United Kingdom imports Integrated Circuits primarily from: Chinese Taipei ($624M), China ($386M), Malaysia ($377M), United States ($286M), and South Korea ($251M).

The fastest growing import markets in Integrated Circuits for United Kingdom between 2022 and 2023 were Chinese Taipei ($520M), South Korea ($22.5M), and Ireland ($14.3M).

COMPANIES In 2023, leading companies such as J.C. Bamford (8) and Pernod Ricard (2) were at the forefront of shipping Integrated Circuits from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Integrated Circuits exports accounted up to £63.6M and imports accounted up to £145M, resulting in a negative trade balance of £81.4M. Between November 2023 and November 2024 the exports of United Kingdom's   Integrated Circuits have decreased by £-19.6M (-23.5%) from £83.2M to £63.6M, while imports decreased by £-24M (-14.2%) from £169M to £145M.

Destinations In November 2024, Integrated Circuits were exported mostly to Thailand (£14.6M), United States (£9.61M), Germany (£7.27M), Hong Kong (£6.74M), and China (£3.39M), and were imported mostly from Netherlands (£40.4M), Belgium (£18.1M), United States (£17.1M), Germany (£11.9M), and Chinese Taipei (£9.73M).

Growth In November 2024, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Germany (£-15.1M or -42.3%), United States (£-4.14M or -26.1%), and Singapore (£-2.6M or -56.6%). In November 2024, the decrease in Integrated Circuits's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-19.4M or -35.3%), Hong Kong (£-12.9M or -46.8%), and Ireland (£-11.8M or -93.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-19.6M(-23.5%)
IMPORT GROWTH (November 2023 - November 2024)£-24M(-14.2%)
MAIN EXPORTER (November 2024)Belfast International Airport£23M
MAIN DESTINATION (November 2024)Thailand£14.6M

This section shows Integrated Circuits's exports and imports data at subnational level for United Kingdom. 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)$1.04B
IMPORTS (2023)$3.08B
NET TRADE (2023)-$2.05B

In 2023, United Kingdom exported $1.04B in Integrated Circuits. The main destinations of United Kingdom exports on Integrated Circuits were Thailand ($221M), Germany ($113M), Hong Kong ($76.9M), United States ($76.8M), and Japan ($61.3M).

In 2023, United Kingdom imported $3.08B in Integrated Circuits, mainly from Chinese Taipei ($624M), China ($386M), Malaysia ($377M), United States ($286M), and South Korea ($251M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Oman$7M (1.31k%)
France$6.35M (15.2%)
Vietnam$6.1M (433%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY United Kingdom WERE (2022 - 2023):
Germany-$363M (-76.3%)
Ireland-$200M (-95.4%)
Israel-$187M (-93%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Integrated Circuits were:
Chinese Taipei $214B
China $154B
South Korea $134B
In 2023, United Kingdom'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 POTENTIALChina+ $126M
TOP IMPORT POTENTIALChina+ $381M

Integrated Circuits’s highest export potential is China. With an export gap of $126M.   Integrated Circuits’s highest import potential is China with an import gap of $381M.

See methodology.

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