2023
Exports
$367MWorld Rnk 34 / 222
Flag Rnk 201 / 1212
2023
PRODUCT COMPLEXITY IN Integrated Circuits
1.17Rnk 117 / 1025
2023
Imports
$18.6BWorld Rnk 12 / 224
Flag Rnk 5 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $367M in Integrated Circuits, making it the 34th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 201st most exported product in India. The main destination of Integrated Circuits exports from India are: Hong Kong ($51.3M), United States ($38M), Vietnam ($29.1M), Germany ($20.8M), and South Korea ($17.1M).

The fastest growing export markets for Integrated Circuits of India between 2022 and 2023 were South Korea ($12.3M), Nigeria ($9.54M), and Russia ($4.76M).

Imports In 2023, India imported $18.6B in Integrated Circuits, becoming the 12th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 5th most imported product in India. India imports Integrated Circuits primarily from: China ($9.66B), Chinese Taipei ($3.57B), South Korea ($2.56B), Malaysia ($505M), and Singapore ($492M).

The fastest growing import markets in Integrated Circuits for India between 2022 and 2023 were China ($4.66B), Chinese Taipei ($2.39B), and Malaysia ($372M).

COMPANIES In 2023, leading companies such as Robert Bosch (1) and Amazon (1) were at the forefront of shipping Integrated Circuits from India to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Integrated Circuits. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$367M
IMPORTS (2023)$18.6B
NET TRADE (2023)-$18.2B

In 2023, India exported $367M in Integrated Circuits. The main destinations of India exports on Integrated Circuits were Hong Kong ($51.3M), United States ($38M), Vietnam ($29.1M), Germany ($20.8M), and South Korea ($17.1M).

In 2023, India imported $18.6B in Integrated Circuits, mainly from China ($9.66B), Chinese Taipei ($3.57B), South Korea ($2.56B), Malaysia ($505M), and Singapore ($492M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR India WERE (2022 - 2023):
South Korea$12.3M (259%)
Nigeria$9.54M (1.49k%)
Russia$4.76M (94.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY India WERE (2022 - 2023):
Hong Kong-$35.3M (-40.8%)
Germany-$17.2M (-45.3%)
United Arab Emirates-$12.2M (-83.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Integrated Circuits were:
In 2023, India's main importing competitors in Integrated Circuits were:

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $90.4M
TOP IMPORT POTENTIALChina+ $3.97B

Integrated Circuits’s highest export potential is Hong Kong. With an export gap of $90.4M.   Integrated Circuits’s highest import potential is China with an import gap of $3.97B.

See methodology.

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