2023
Exports
$64.2BWorld Rnk 5 / 222
Flag Rnk 1 / 1202
2023
PRODUCT COMPLEXITY IN Integrated Circuits
1.17Rnk 117 / 1025
2023
Imports
$85.6BWorld Rnk 3 / 224
Flag Rnk 1 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $64.2B in Integrated Circuits, making it the 5th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most exported product in Singapore. The main destination of Integrated Circuits exports from Singapore are: Hong Kong ($28.4B), Vietnam ($7.09B), China ($6.38B), Malaysia ($6.15B), and South Korea ($5.91B).

The fastest growing export markets for Integrated Circuits of Singapore between 2022 and 2023 were Vietnam ($6.51B), South Korea ($2.98B), and United States ($84.9M).

Imports In 2023, Singapore imported $85.6B in Integrated Circuits, becoming the 3rd largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most imported product in Singapore. Singapore imports Integrated Circuits primarily from: Chinese Taipei ($37.7B), South Korea ($15.3B), Malaysia ($12.1B), China ($5.7B), and Japan ($3.58B).

The fastest growing import markets in Integrated Circuits for Singapore between 2022 and 2023 were South Korea ($276M), France ($174M), and Italy ($158M).

COMPANIES In 2024, leading companies such as Linak (5) and Key Tronic (3) were at the forefront of shipping Integrated Circuits from Singapore 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)$64.2B
IMPORTS (2023)$85.6B
NET TRADE (2023)-$21.4B

In 2023, Singapore exported $64.2B in Integrated Circuits. The main destinations of Singapore exports on Integrated Circuits were Hong Kong ($28.4B), Vietnam ($7.09B), China ($6.38B), Malaysia ($6.15B), and South Korea ($5.91B).

In 2023, Singapore imported $85.6B in Integrated Circuits, mainly from Chinese Taipei ($37.7B), South Korea ($15.3B), Malaysia ($12.1B), China ($5.7B), and Japan ($3.58B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Vietnam$6.51B (1.12k%)
South Korea$2.98B (102%)
United States$84.9M (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Singapore WERE (2022 - 2023):
Hong Kong-$7.93B (-21.8%)
China-$1.54B (-19.5%)
India-$1.07B (-68.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Integrated Circuits were:
In 2023, Singapore'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 POTENTIALChina+ $2.74B
TOP IMPORT POTENTIALChina+ $1.4B

Integrated Circuits’s highest export potential is China. With an export gap of $2.74B.   Integrated Circuits’s highest import potential is China with an import gap of $1.4B.

See methodology.

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