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2022
Exports $49.8BWorld Rnk 6 / 226
Flag Rnk 5 / 1217
2022
Destination $1.1B Mexico
2021 - 2022
FASTEST GROWING MARKET $1.1BMexico
2022
PRODUCT COMPLEXITY IN Integrated Circuits1.48Rnk 56 / 1025
2022
Imports $34.9BWorld Rnk 8 / 225
Flag Rnk 10 / 1216
2022
Origin $1.88B Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $1.88BChinese Taipei
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $49.8B in Integrated Circuits, making it the 6th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 5th most exported product in United States. The main destination of Integrated Circuits exports from United States are: Mexico ($9.94B), China ($9.61B), Chinese Taipei ($5.34B), Malaysia ($4.67B), and Hong Kong ($3.35B).

The fastest growing export markets for Integrated Circuits of United States between 2021 and 2022 were Mexico ($1.1B), Chinese Taipei ($640M), and Malaysia ($570M).

Imports In 2022, United States imported $34.9B in Integrated Circuits, becoming the 8th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 10th most imported product in United States. United States imports Integrated Circuits primarily from: Malaysia ($9.39B), Chinese Taipei ($5.49B), Mexico ($2.94B), China ($2.63B), and Ireland ($2.18B).

The fastest growing import markets in Integrated Circuits for United States between 2021 and 2022 were Chinese Taipei ($1.88B), China ($559M), and Philippines ($540M).

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

August 2024

About

Overview In August 2024 United States' Integrated Circuits exports accounted up to $5.06B and imports accounted up to $3.33B, resulting in a positive trade balance of $1.72B. Between August 2023 and August 2024 the exports of United States'   Integrated Circuits have increased by $1.28B (34%) from $3.77B to $5.06B, while imports increased by $428M (14.7%) from $2.9B to $3.33B.

Destinations In August 2024, Integrated Circuits were exported mostly to Malaysia ($1.39B), Mexico ($926M), China ($915M), Chinese Taipei ($437M), and Hong Kong ($230M), and were imported mostly from Chinese Taipei ($1.2B), Malaysia ($614M), Israel ($369M), Ireland ($178M), and South Korea ($161M).

Growth In August 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 August 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 (August 2023 - August 2024)$1.28B(34%)
IMPORT GROWTH (August 2023 - August 2024)$428M(14.7%)
MAIN EXPORTER (August 2024)Oregon$2.25B
MAIN DESTINATION (August 2024)Malaysia$1.39B

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 (2022)$49.8B
IMPORTS (2022)$34.9B
NET TRADE (2022)$15B

In 2022, United States exported $49.8B in Integrated Circuits. The main destinations of United States exports on Integrated Circuits were Mexico ($9.94B), China ($9.61B), Chinese Taipei ($5.34B), Malaysia ($4.67B), and Hong Kong ($3.35B).

In 2022, United States imported $34.9B in Integrated Circuits, mainly from Malaysia ($9.39B), Chinese Taipei ($5.49B), Mexico ($2.94B), China ($2.63B), and Ireland ($2.18B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$1.1B (12.4%)
Chinese Taipei$640M (13.6%)
Malaysia$570M (13.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY United States WERE (2021 - 2022):
China-$2.89B (-23.1%)
Hong Kong-$1.02B (-23.4%)
South Korea-$575M (-20.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Integrated Circuits were:
Chinese Taipei $223B
China $212B
South Korea $121B
In 2022, United States'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 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.

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