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Electronic integrated circuits

8542 (Harmonized System 1992 for 4-digit)

2023
World Trade $910BRnk 4 / 1217
2023
Top Exporter | Top Importer $214B | $200BChinese Taipei | Hong Kong
2023
Product Complexity 1.21Rnk 105 / 1044
2022 - 2023
Export Growth (CAGR) -11.6%Rnk 799 / 1217
2023
Share of World Trade 4.03%Rnk 4 / 1217

About

Overview This page contains the latest trade data of Integrated Circuits. In 2023, Integrated Circuits were the world's 4th most traded product, with a total trade of $910B. Between 2022 and 2023 the exports of Integrated Circuits decreased by -11.6%, from $1.03T to $910B. Trade in Integrated Circuits represent 4.03% of total world trade.

Integrated Circuits are a part of Electrical machinery and electronics. They include Digital Monolithic Integrated Circuits, Monolithic integrated circuits, except digital, Parts of electronic integrated circuits etc, Hybrid integrated circuits, and Electronic integrated circuits/microassemblies, nes.

Exports In 2023 the top exporters of Integrated Circuits  were Chinese Taipei ($214B), China ($154B), South Korea ($134B), Malaysia ($79.3B), and Singapore ($64.2B).

Imports In 2023 the top importers of Integrated Circuits were Hong Kong ($200B), China ($200B), Singapore ($85.6B), Chinese Taipei ($60.3B), and South Korea ($49.7B).

Ranking Integrated Circuits ranks 105th in the Product Complexity Index (PCI).

Description Electronic integrated circuits are used in the production of other goods. They can be made from a variety of materials, including silicon, gallium arsenide, and gallium nitride.

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Chinese Taipei$214B
Top Destination (2023)Hong Kong$200B

In 2023 Integrated Circuits were the world's 4th most traded product (out of 1,217).

In 2023, the top exporters of Integrated Circuits were Chinese Taipei ($214B), China ($154B), South Korea ($134B), Malaysia ($79.3B), and Singapore ($64.2B).

In 2023, the top importers of Integrated Circuits were Hong Kong ($200B), China ($200B), Singapore ($85.6B), Chinese Taipei ($60.3B), and South Korea ($49.7B).

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Exporters of Integrated Circuits (2023)
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Importers of Integrated Circuits (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Vietnam$5.11B
Top Destination Growth (2022 -  2023)India$2.33B

Between 2022 and 2023, the exports of Integrated Circuits grew the fastest in Vietnam ($5.11B), Germany ($2.55B), Hong Kong ($2.12B), Costa Rica ($1.01B), and Netherlands ($968M).

Between 2022 and 2023, the fastest growing importers of Integrated Circuits were India ($2.33B), Thailand ($1.42B), Germany ($1.08B), Belgium ($1.06B), and Hungary ($461M).

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Exporters of Integrated Circuits (2022 - 2023)

Importers of Integrated Circuits (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Integrated Circuits.

In 2023, market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Integrated Circuits are explained by 11 countries.

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Value of Exports in Integrated Circuits

Net Trade

TOP NET EXPORTER (2023)Chinese Taipei$154B
TOP NET IMPORTER (2023)Hong Kong$187B

This map shows which countries export or import more of Integrated Circuits. Each country is colored based on the difference in exports and imports of Integrated Circuits during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Integrated Circuits were Chinese Taipei ($154B), South Korea ($84.8B), Malaysia ($39.7B), Japan ($18B), and Philippines ($15.9B).

In 2023, the countries that had a largest trade value in imports than in exports of Integrated Circuits were Hong Kong ($187B), China ($45.8B), Singapore ($21.4B), Mexico ($18.9B), and India ($18.2B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Integrated Circuits, disaggragated by their HS6 level were Digital Monolithic Integrated Circuits ($881B), Parts of electronic integrated circuits etc ($29.3B), and Monolithic integrated circuits, except digital ($685k)

HS6 Disaggregation for Integrated Circuits (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Integrated Circuits.
It is possible to select the main countries that export or import Integrated Circuits in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Integrated Circuits by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $3.97B
TOP IMPORT POTENTIALVietnam+ $5.32B

Integrated Circuits’s highest export potential is India. With an export gap of $3.97B.  Integrated Circuits’s highest import potential is Vietnam with an import gap of $5.32B.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Integrated Circuits.

Country by Relatedness

The following visualization shows the relatedness of Integrated Circuits to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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