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2023
Exports $36.6BWorld Rnk 7 / 222
Flag Rnk 10 / 1217
2023
Destination $77.8M China
2022 - 2023
FASTEST GROWING MARKET $77.8MPhilippines
2023
PRODUCT COMPLEXITY IN Integrated Circuits1.17Rnk 117 / 1025
2023
Imports $36.4BWorld Rnk 7 / 224
Flag Rnk 12 / 1215
2023
Origin $857M Malaysia
2022 - 2023
FASTEST GROWING ORIGIN $857MCosta Rica
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $36.6B in Integrated Circuits, making it the 7th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 10th most exported product in United States. The main destination of Integrated Circuits exports from United States are: China ($7.01B), Chinese Taipei ($4.67B), Malaysia ($4.65B), Hong Kong ($3.21B), and Mexico ($2.9B).

The fastest growing export markets for Integrated Circuits of United States between 2022 and 2023 were Philippines ($77.8M), Costa Rica ($37.8M), and Dominican Republic ($31.7M).

Imports In 2023, United States imported $36.4B in Integrated Circuits, becoming the 7th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 12th most imported product in United States. United States imports Integrated Circuits primarily from: Malaysia ($9.62B), Chinese Taipei ($7.19B), South Korea ($2.44B), Israel ($2.08B), and Mexico ($2B).

The fastest growing import markets in Integrated Circuits for United States between 2022 and 2023 were Costa Rica ($857M), Israel ($851M), and Germany ($141M).

COMPANIES In 2023, leading companies such as CrimsonLogic (328), TE Connectivity (239), and ABB Motors and Mechanical (153) were at the forefront of shipping Integrated Circuits to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Integrated Circuits exports accounted up to $4.34B and imports accounted up to $3.4B, resulting in a positive trade balance of $935M. Between November 2023 and November 2024 the exports of United States'   Integrated Circuits have increased by $841M (24.1%) from $3.5B to $4.34B, while imports increased by $581M (20.6%) from $2.82B to $3.4B.

Destinations In November 2024, Integrated Circuits were exported mostly to Mexico ($918M), China ($810M), Malaysia ($620M), Chinese Taipei ($447M), and Vietnam ($223M), and were imported mostly from Chinese Taipei ($1B), Malaysia ($617M), Israel ($370M), South Korea ($281M), and Ireland ($212M).

Growth In November 2024, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to Czechia ($73.1M or 462%), Ireland ($62.2M or 120%), and Netherlands ($23.2M or 63.9%). In November 2024, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($51.8M or 9.01%), Thailand ($45.2M or 37.2%), and Costa Rica ($41.7M or 487%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$841M(24.1%)
IMPORT GROWTH (November 2023 - November 2024)$581M(20.6%)
MAIN EXPORTER (November 2024)Oregon$2.25B
MAIN DESTINATION (November 2024)Mexico$918M

This section shows Integrated Circuits's exports and imports data at subnational level for United States. 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)$36.6B
IMPORTS (2023)$36.4B
NET TRADE (2023)$226M

In 2023, United States exported $36.6B in Integrated Circuits. The main destinations of United States exports on Integrated Circuits were China ($7.01B), Chinese Taipei ($4.67B), Malaysia ($4.65B), Hong Kong ($3.21B), and Mexico ($2.9B).

In 2023, United States imported $36.4B in Integrated Circuits, mainly from Malaysia ($9.62B), Chinese Taipei ($7.19B), South Korea ($2.44B), Israel ($2.08B), and Mexico ($2B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR United States WERE (2022 - 2023):
Philippines$77.8M (4.7%)
Costa Rica$37.8M (89.9%)
Dominican Republic$31.7M (54.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY United States WERE (2022 - 2023):
China-$4.04B (-36.6%)
Malaysia-$2.09B (-31.1%)
Vietnam-$1.96B (-75.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Integrated Circuits were:
Chinese Taipei $214B
China $154B
South Korea $134B
In 2023, United States'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+ $1.5B
TOP IMPORT POTENTIALChina+ $2.29B

Integrated Circuits’s highest export potential is China. With an export gap of $1.5B.   Integrated Circuits’s highest import potential is China with an import gap of $2.29B.

See methodology.

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